Foster & Motley Inc. purchased a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 34,975 shares of the financial services provider’s stock, valued at approximately $1,649,000.
Other large investors have also recently added to or reduced their stakes in the company. Windacre Partnership LLC increased its stake in Fidelity National Financial by 31.0% during the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock worth $1,143,569,000 after acquiring an additional 4,477,900 shares during the last quarter. State Street Corp raised its position in Fidelity National Financial by 0.3% in the third quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock valued at $572,782,000 after purchasing an additional 31,318 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Fidelity National Financial by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,353,982 shares of the financial services provider’s stock valued at $510,634,000 after purchasing an additional 193,629 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Fidelity National Financial by 34.5% in the 4th quarter. AQR Capital Management LLC now owns 6,800,697 shares of the financial services provider’s stock valued at $371,250,000 after purchasing an additional 1,743,342 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in shares of Fidelity National Financial by 0.9% during the 4th quarter. First Eagle Investment Management LLC now owns 6,102,523 shares of the financial services provider’s stock worth $333,137,000 after purchasing an additional 54,756 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.
Fidelity National Financial Trading Down 0.0%
NYSE FNF opened at $48.46 on Thursday. The firm has a 50 day simple moving average of $49.31 and a 200-day simple moving average of $49.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26. Fidelity National Financial, Inc. has a one year low of $42.78 and a one year high of $61.40. The firm has a market cap of $13.00 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 0.72 and a beta of 0.95.
Fidelity National Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given 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 dividend yield of 4.3%. Fidelity National Financial’s dividend payout ratio is currently 73.50%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on FNF shares. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. National Bank Financial set a $54.00 price target on shares of Fidelity National Financial in a research report on Friday, August 7th. Barclays boosted their price target on shares of Fidelity National Financial from $51.00 to $54.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Stephens lowered their price objective on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.75.
Get Our Latest Research Report on FNF
Insider Buying and Selling at Fidelity National Financial
In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of the stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $45.70, for a total value of $3,162,257.20. Following the sale, the executive vice president owned 5,702 shares of the company’s stock, valued at $260,581.40. This trade represents a 92.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.70% of the company’s stock.
About Fidelity National Financial
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.
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