Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 4,895 Shares of Fidelity National Financial, Inc. $FNF

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 7.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,035 shares of the financial services provider’s stock after purchasing an additional 4,895 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Fidelity National Financial were worth $3,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in FNF. Nuveen LLC purchased a new position in shares of Fidelity National Financial in the 1st quarter worth approximately $178,433,000. Millennium Management LLC boosted its stake in Fidelity National Financial by 93.3% in the first quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock valued at $244,967,000 after acquiring an additional 1,817,124 shares in the last quarter. AQR Capital Management LLC grew its holdings in Fidelity National Financial by 70.6% in the first quarter. AQR Capital Management LLC now owns 1,992,047 shares of the financial services provider’s stock worth $129,264,000 after purchasing an additional 824,562 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Fidelity National Financial by 7.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider’s stock worth $585,785,000 after purchasing an additional 588,113 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Fidelity National Financial by 336.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 307,513 shares of the financial services provider’s stock valued at $20,013,000 after purchasing an additional 237,063 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Daniel D. Lane sold 6,367 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $57.63, for a total value of $366,930.21. Following the sale, the director owned 276,308 shares in the company, valued at $15,923,630.04. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.50% of the stock is owned by insiders.

Fidelity National Financial Stock Performance

Shares of FNF opened at $57.76 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a 50-day moving average of $57.58 and a two-hundred day moving average of $57.22. The stock has a market cap of $15.66 billion, a P/E ratio of 14.66 and a beta of 1.05. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The firm had revenue of $3.17 billion during the quarter. As a group, research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be issued a $0.52 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $2.08 annualized dividend and a dividend yield of 3.6%. Fidelity National Financial’s payout ratio is currently 48.37%.

Wall Street Analysts Forecast Growth

FNF has been the topic of several research analyst reports. National Bankshares set a $64.00 target price on Fidelity National Financial in a research note on Monday, October 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Fidelity National Financial in a research note on Thursday, November 13th. Stephens initiated coverage on shares of Fidelity National Financial in a report on Friday, November 14th. They set an “overweight” rating on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Fidelity National Financial from $69.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, November 10th. Finally, Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.