Eaton Vance Management Buys 12,640 Shares of Fidelity National Financial Inc (FNF)
Eaton Vance Management lifted its stake in Fidelity National Financial Inc (NYSE:FNF) by 13.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,135 shares of the financial services provider’s stock after purchasing an additional 12,640 shares during the period. Eaton Vance Management’s holdings in Fidelity National Financial were worth $4,176,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of FNF. Keybank National Association OH lifted its holdings in Fidelity National Financial by 9.8% during the second quarter. Keybank National Association OH now owns 14,952 shares of the financial services provider’s stock worth $562,000 after acquiring an additional 1,336 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Fidelity National Financial by 8.2% during the second quarter. Janney Montgomery Scott LLC now owns 18,650 shares of the financial services provider’s stock worth $702,000 after acquiring an additional 1,409 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in Fidelity National Financial by 1.2% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 146,341 shares of the financial services provider’s stock worth $5,759,000 after acquiring an additional 1,689 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Fidelity National Financial by 4.3% during the second quarter. Nomura Asset Management Co. Ltd. now owns 42,621 shares of the financial services provider’s stock worth $1,603,000 after acquiring an additional 1,776 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in Fidelity National Financial by 4.2% during the second quarter. Stephens Inc. AR now owns 49,367 shares of the financial services provider’s stock worth $1,857,000 after acquiring an additional 1,974 shares in the last quarter. Institutional investors and hedge funds own 82.60% of the company’s stock.
In other news, Director John D. Rood purchased 31,200 shares of the company’s stock in a transaction on Friday, October 26th. The shares were purchased at an average price of $32.51 per share, with a total value of $1,014,312.00. Following the purchase, the director now directly owns 43,681 shares of the company’s stock, valued at approximately $1,420,069.31. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 6.10% of the company’s stock.
FNF opened at $32.49 on Friday. Fidelity National Financial Inc has a 1 year low of $31.14 and a 1 year high of $42.52. The stock has a market capitalization of $9.12 billion, a price-to-earnings ratio of 12.45 and a beta of 0.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85.
Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.01). Fidelity National Financial had a net margin of 10.54% and a return on equity of 16.32%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the business earned $0.71 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, analysts expect that Fidelity National Financial Inc will post 2.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Thursday, December 13th. Fidelity National Financial’s dividend payout ratio is 52.86%.
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Fidelity National Financial Profile
Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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