Andra AP fonden lowered its position in shares of Fidelity National Financial Inc (NYSE:FNF) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 206,100 shares of the financial services provider’s stock after selling 2,500 shares during the quarter. Andra AP fonden owned 0.07% of Fidelity National Financial worth $8,110,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. NumerixS Investment Technologies Inc purchased a new position in shares of Fidelity National Financial during the 2nd quarter valued at $168,000. Cerebellum GP LLC grew its position in shares of Fidelity National Financial by 100.1% during the 3rd quarter. Cerebellum GP LLC now owns 4,514 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 2,258 shares in the last quarter. Park National Corp OH purchased a new position in shares of Fidelity National Financial during the 3rd quarter valued at $206,000. Zacks Investment Management purchased a new position in shares of Fidelity National Financial during the 2nd quarter valued at $200,000. Finally, Capital One National Association purchased a new position in shares of Fidelity National Financial during the 2nd quarter valued at $202,000. 82.85% of the stock is currently owned by hedge funds and other institutional investors.
In other news, COO Roger S. Jewkes sold 42,025 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $39.52, for a total transaction of $1,660,828.00. Following the sale, the chief operating officer now owns 201,762 shares in the company, valued at $7,973,634.24. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John D. Rood acquired 31,200 shares of the stock in a transaction that occurred on Friday, October 26th. The shares were bought at an average price of $32.51 per share, for a total transaction of $1,014,312.00. Following the transaction, the director now owns 43,681 shares of the company’s stock, valued at $1,420,069.31. The disclosure for this purchase can be found here. Corporate insiders own 6.10% of the company’s stock.
FNF has been the subject of several research reports. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $39.00 target price for the company in a research report on Monday, July 16th. Zacks Investment Research raised shares of Fidelity National Financial from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. ValuEngine raised shares of Fidelity National Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, Barclays set a $43.00 price objective on shares of Fidelity National Financial and gave the company a “buy” rating in a research note on Friday, October 26th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $43.40.
Shares of NYSE FNF traded down $0.04 during midday trading on Friday, hitting $33.66. 1,268,264 shares of the company traded hands, compared to its average volume of 1,661,469. Fidelity National Financial Inc has a 12-month low of $31.14 and a 12-month high of $42.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $9.29 billion, a P/E ratio of 14.83 and a beta of 0.92.
Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Fidelity National Financial had a net margin of 10.54% and a return on equity of 16.32%. Fidelity National Financial’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 EPS. Research analysts anticipate that Fidelity National Financial Inc will post 2.76 earnings per share for the current year.
Fidelity National Financial declared that its Board of Directors has approved a share repurchase program on Tuesday, July 17th that allows the company to repurchase 25,000,000 shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Thursday, December 13th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 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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