New York State Teachers Retirement System decreased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) by 3.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 23,400 shares of the financial services provider’s stock after selling 900 shares during the period. New York State Teachers Retirement System’s holdings in Fidelity National Financial were worth $847,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. lifted its position in Fidelity National Financial by 49.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 27,414 shares of the financial services provider’s stock worth $1,339,000 after buying an additional 9,059 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in Fidelity National Financial in the first quarter valued at approximately $266,000. Rhumbline Advisers boosted its position in Fidelity National Financial by 21.2% in the first quarter. Rhumbline Advisers now owns 277,396 shares of the financial services provider’s stock valued at $13,548,000 after buying an additional 48,434 shares in the last quarter. Yousif Capital Management LLC raised its stake in shares of Fidelity National Financial by 8.1% during the first quarter. Yousif Capital Management LLC now owns 9,736 shares of the financial services provider’s stock valued at $476,000 after acquiring an additional 730 shares during the last quarter. Finally, LSV Asset Management raised its stake in Fidelity National Financial by 40.9% during the first quarter. LSV Asset Management now owns 204,300 shares of the financial services provider’s stock worth $9,978,000 after buying an additional 59,308 shares during the last quarter. Institutional investors and hedge funds own 77.98% of the company’s stock.
Insiders Place Their Bets
In related news, Director Daniel D. Lane sold 5,531 shares of Fidelity National Financial stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $37.44, for a total transaction of $207,080.64. Following the completion of the transaction, the director now directly owns 271,325 shares in the company, valued at $10,158,408. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.10% of the company’s stock.
Analyst Ratings Changes
Fidelity National Financial Stock Up 0.3 %
NYSE FNF opened at $41.23 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.18 and a current ratio of 0.18. The company has a market capitalization of $11.22 billion, a P/E ratio of 7.25 and a beta of 1.27. Fidelity National Financial, Inc. has a one year low of $34.51 and a one year high of $53.41. The stock has a 50 day moving average price of $38.89 and a 200-day moving average price of $38.82.
Fidelity National Financial (NYSE:FNF – Get Rating) last released its earnings results on Tuesday, November 8th. The financial services provider reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.47). Fidelity National Financial had a return on equity of 24.29% and a net margin of 11.60%. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.22 billion. During the same quarter in the previous year, the business earned $2.12 EPS. The business’s revenue for the quarter was down 17.6% on a year-over-year basis. As a group, equities analysts predict that Fidelity National Financial, Inc. will post 5.58 EPS for the current fiscal year.
Fidelity National Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, December 15th. This represents a $1.80 dividend on an annualized basis and a yield of 4.37%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.44. Fidelity National Financial’s dividend payout ratio (DPR) is presently 31.63%.
Fidelity National Financial 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 insurance.
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