Verition Fund Management LLC Has $1.40 Million Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Verition Fund Management LLC lifted its holdings in Fidelity National Financial, Inc. (NYSE:FNFGet Rating) by 29.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,616 shares of the financial services provider’s stock after acquiring an additional 6,552 shares during the period. Verition Fund Management LLC’s holdings in Fidelity National Financial were worth $1,398,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of FNF. IronBridge Private Wealth LLC bought a new stake in Fidelity National Financial during the fourth quarter worth about $26,000. Bank of New Hampshire bought a new stake in Fidelity National Financial during the first quarter worth about $29,000. Brown Brothers Harriman & Co. bought a new stake in Fidelity National Financial during the first quarter worth about $54,000. Worth Asset Management LLC bought a new stake in Fidelity National Financial during the first quarter worth about $56,000. Finally, Clearstead Advisors LLC bought a new stake in Fidelity National Financial during the fourth quarter worth about $57,000. 78.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fidelity National Financial

In other news, EVP Peter T. Sadowski sold 22,500 shares of the stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $40.85, for a total value of $919,125.00. Following the completion of the transaction, the executive vice president now owns 105,898 shares of the company’s stock, valued at $4,325,933.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Peter O. Shea, Jr. sold 13,389 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $40.83, for a total value of $546,672.87. Following the completion of the transaction, the director now owns 200,642 shares of the company’s stock, valued at $8,192,212.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Peter T. Sadowski sold 22,500 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $40.85, for a total value of $919,125.00. Following the completion of the transaction, the executive vice president now directly owns 105,898 shares of the company’s stock, valued at approximately $4,325,933.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,552 shares of company stock valued at $2,012,455. 5.10% of the stock is currently owned by insiders.

Fidelity National Financial Stock Down 1.7 %

FNF stock opened at $39.88 on Wednesday. The stock has a market capitalization of $11.02 billion, a P/E ratio of 5.53 and a beta of 1.37. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.46. Fidelity National Financial, Inc. has a 12 month low of $34.59 and a 12 month high of $56.44. The firm has a 50-day moving average price of $39.38 and a 200-day moving average price of $41.16.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a $0.44 dividend. The ex-dividend date is Thursday, September 15th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.41%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 24.41%.

Analyst Ratings Changes

Separately, Barclays upped their price objective on shares of Fidelity National Financial from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, August 4th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Fidelity National Financial currently has an average rating of “Moderate Buy” and an average price target of $63.00.

About Fidelity National Financial

(Get Rating)

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 insurance.

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

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