Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by Strs Ohio
Strs Ohio raised its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 37.5% during the second quarter, Holdings Channel reports. The institutional investor owned 58,269 shares of the financial services provider’s stock after buying an additional 15,892 shares during the period. Strs Ohio’s holdings in Fidelity National Financial were worth $2,612,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the stock. FTB Advisors Inc. increased its stake in Fidelity National Financial by 234.3% in the first quarter. FTB Advisors Inc. now owns 3,891 shares of the financial services provider’s stock valued at $159,000 after buying an additional 2,727 shares during the period. King Luther Capital Management Corp purchased a new stake in Fidelity National Financial during the first quarter valued at $204,000. Atria Investments LLC purchased a new stake in Fidelity National Financial during the second quarter valued at $205,000. Janney Montgomery Scott LLC purchased a new stake in Fidelity National Financial during the first quarter valued at $209,000. Finally, Dai Ichi Life Insurance Company Ltd purchased a new stake in Fidelity National Financial during the first quarter valued at $210,000. 83.22% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Fidelity National Financial, Inc. (NYSE FNF) opened at 48.20 on Thursday. The company’s 50 day moving average price is $46.13 and its 200 day moving average price is $41.02. The firm has a market cap of $13.15 billion, a P/E ratio of 21.02 and a beta of 0.95. Fidelity National Financial, Inc. has a 12-month low of $31.64 and a 12-month high of $49.37.
Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.03. Fidelity National Financial had a net margin of 7.49% and a return on equity of 10.41%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the business posted $0.74 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. Equities research analysts forecast that Fidelity National Financial, Inc. will post $2.55 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.07%. Fidelity National Financial’s dividend payout ratio is currently 43.67%.
COPYRIGHT VIOLATION NOTICE: “Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by Strs Ohio” was originally posted by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/08/10/fidelity-national-financial-inc-nysefnf-shares-bought-by-strs-ohio.html.
Several research firms recently weighed in on FNF. Keefe, Bruyette & Woods reissued a “hold” rating and set a $38.00 price objective on shares of Fidelity National Financial in a report on Wednesday, April 19th. Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Monday, June 19th. Monness Crespi & Hardt raised their price objective on Fidelity National Financial from $42.00 to $45.00 and gave the company a “buy” rating in a report on Monday, May 15th. Finally, Barclays PLC raised their price objective on Fidelity National Financial from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.60.
In other news, CFO Anthony Park sold 138,941 shares of the stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $41.28, for a total transaction of $5,735,484.48. Following the completion of the sale, the chief financial officer now directly owns 228,280 shares in the company, valued at $9,423,398.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Peter T. Sadowski sold 133,215 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $47.53, for a total transaction of $6,331,708.95. Following the sale, the executive vice president now owns 89,575 shares of the company’s stock, valued at $4,257,499.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 411,800 shares of company stock valued at $18,218,120. 5.00% of the stock is currently owned by company insiders.
Fidelity National Financial Company Profile
Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.
Want to see what other hedge funds are holding FNF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Financial, Inc. (NYSE:FNF).
Receive News & Ratings for Fidelity National Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.