Railway Pension Investments Ltd Has $13.14 Million Stock Position in Fidelity National Financial, Inc. $FNF

Railway Pension Investments Ltd raised its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 190.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,600 shares of the financial services provider’s stock after purchasing an additional 182,600 shares during the quarter. Railway Pension Investments Ltd owned 0.10% of Fidelity National Financial worth $13,139,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Fidelity National Financial during the 2nd quarter valued at $25,000. North Star Asset Management Inc. bought a new position in shares of Fidelity National Financial during the second quarter valued at $9,498,000. Public Employees Retirement System of Ohio bought a new position in Fidelity National Financial in the 2nd quarter valued at approximately $6,225,000. Ancora Advisors LLC purchased a new stake in shares of Fidelity National Financial during the 2nd quarter valued at about $43,000. Finally, Paradigm Capital Management Inc. NY bought a new stake in shares of Fidelity National Financial in the second quarter worth $278,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF opened at $46.40 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26. The business’s 50 day moving average price is $49.30 and its 200-day moving average price is $49.12. Fidelity National Financial, Inc. has a 1 year low of $42.78 and a 1 year high of $61.40. The firm has a market capitalization of $12.44 billion, a PE ratio of 16.38, a P/E/G ratio of 0.70 and a beta of 0.95.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.31 by $0.08. Fidelity National Financial had a return on equity of 16.07% and a net margin of 5.03%.The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter in the prior year, the company posted $1.16 EPS. The company’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.08 dividend on an annualized basis and a yield of 4.5%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 73.50%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FNF shares. Barclays boosted their price target on Fidelity National Financial from $51.00 to $54.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Stephens restated an “overweight” rating and issued a $55.00 target price on shares of Fidelity National Financial in a research note on Monday, August 24th. Zacks Research raised shares of Fidelity National Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Finally, National Bank Financial set a $54.00 price objective on Fidelity National Financial in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $56.00.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of the sale, the executive vice president directly owned 5,702 shares of the company’s stock, valued at approximately $260,581.40. This represents a 92.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.70% of the stock is currently owned by corporate insiders.

Fidelity National Financial Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.