Ngam Advisors L.P. Raises Stake in Fidelity National Financial, Inc. (FNF)

Ngam Advisors L.P. increased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 83.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 232,657 shares of the financial services provider’s stock after buying an additional 106,035 shares during the period. Ngam Advisors L.P. owned about 0.09% of Fidelity National Financial worth $9,060,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FNF. Lincoln National Corp raised its stake in Fidelity National Financial by 0.6% in the first quarter. Lincoln National Corp now owns 6,951 shares of the financial services provider’s stock valued at $271,000 after buying an additional 39 shares during the last quarter. First Citizens Bank & Trust Co. raised its stake in Fidelity National Financial by 0.4% in the first quarter. First Citizens Bank & Trust Co. now owns 13,894 shares of the financial services provider’s stock valued at $541,000 after buying an additional 55 shares during the last quarter. Pacer Advisors Inc. raised its stake in Fidelity National Financial by 3.1% in the first quarter. Pacer Advisors Inc. now owns 5,772 shares of the financial services provider’s stock valued at $225,000 after buying an additional 174 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Fidelity National Financial by 4.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,527 shares of the financial services provider’s stock valued at $238,000 after buying an additional 292 shares during the last quarter. Finally, Archon Partners LLC raised its position in Fidelity National Financial by 2.5% in the fourth quarter. Archon Partners LLC now owns 36,200 shares of the financial services provider’s stock worth $1,229,000 after buying an additional 900 shares in the last quarter. 84.21% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

Shares of Fidelity National Financial, Inc. (NYSE:FNF) traded down 0.32% during trading on Tuesday, reaching $43.86. 170,727 shares of the company traded hands. Fidelity National Financial, Inc. has a 12-month low of $31.64 and a 12-month high of $44.07. The company has a 50 day moving average price of $41.93 and a 200 day moving average price of $37.97. The firm has a market capitalization of $11.94 billion, a price-to-earnings ratio of 18.81 and a beta of 0.93.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.05. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.74 billion. Fidelity National Financial had a net margin of 7.34% and a return on equity of 10.51%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 EPS. On average, equities analysts predict that Fidelity National Financial, Inc. will post $2.52 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.27%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 42.92%.

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A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Monday. Monness Crespi & Hardt upped their target price on shares of Fidelity National Financial from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Finally, Keefe, Bruyette & Woods reaffirmed 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Fidelity National Financial currently has a consensus rating of “Buy” and an average price target of $44.60.

In other news, EVP Peter T. Sadowski sold 17,288 shares of the business’s stock in a transaction that occurred on Thursday, March 23rd. The shares were sold at an average price of $38.75, for a total value of $669,910.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Michael Joseph Nolan sold 80,748 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $43.52, for a total transaction of $3,514,152.96. Following the transaction, the president now owns 176,062 shares in the company, valued at approximately $7,662,218.24. The disclosure for this sale can be found here. Insiders sold a total of 264,074 shares of company stock worth $10,963,053 in the last 90 days. Corporate insiders own 5.00% of the company’s stock.

About Fidelity National Financial

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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