Great West Life Assurance Co. Can Sells 7,881 Shares of Fidelity National Financial, Inc. (NYSE:FNF)
Great West Life Assurance Co. Can reduced its position in Fidelity National Financial, Inc. (NYSE:FNF) by 3.8% during the second quarter, Holdings Channel reports. The institutional investor owned 199,177 shares of the financial services provider’s stock after selling 7,881 shares during the period. Great West Life Assurance Co. Can’s holdings in Fidelity National Financial were worth $8,915,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. FTB Advisors Inc. boosted its position in shares of 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 worth $159,000 after buying an additional 2,727 shares in the last quarter. Atria Investments LLC purchased a new position in shares of Fidelity National Financial during the second quarter worth about $205,000. Probity Advisors Inc. purchased a new position in shares of Fidelity National Financial during the second quarter worth about $213,000. Gilbert & Cook Inc. purchased a new position in shares of Fidelity National Financial during the second quarter worth about $217,000. Finally, King Luther Capital Management Corp purchased a new position in shares of Fidelity National Financial during the first quarter worth about $204,000. Institutional investors own 83.22% of the company’s stock.
Fidelity National Financial, Inc. (NYSE FNF) opened at 47.06 on Friday. The firm’s 50-day moving average price is $46.31 and its 200 day moving average price is $41.16. The company has a market capitalization of $12.84 billion, a PE ratio of 20.52 and a beta of 0.95. Fidelity National Financial, Inc. has a 52 week low of $31.64 and a 52 week high of $49.37.
Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.03. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.14 billion. Fidelity National Financial had a return on equity of 10.41% and a net margin of 7.49%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 earnings per share. Equities research analysts expect that Fidelity National Financial, Inc. will post $2.55 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Financial’s payout ratio is 43.67%.
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Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Wednesday, June 7th. Piper Jaffray Companies restated a “buy” rating and set a $48.00 price objective on shares of Fidelity National Financial in a research note on Friday, July 14th. 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 research note on Monday, May 15th. 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 research note on Monday, July 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $38.00 price objective on shares of Fidelity National Financial in a research note on Wednesday, April 19th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $46.60.
In other Fidelity National Financial news, insider Brent B. Bickett sold 58,896 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $44.77, for a total transaction of $2,636,773.92. Following the transaction, the insider now owns 562,658 shares of the company’s stock, valued at $25,190,198.66. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Anthony Park sold 138,941 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $41.28, for a total value of $5,735,484.48. Following the transaction, the chief financial officer now directly owns 228,280 shares in the company, valued at approximately $9,423,398.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 411,800 shares of company stock worth $18,218,120. Corporate insiders own 5.00% of the company’s stock.
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.
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