Park Avenue Securities LLC bought a new position in Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) in the third quarter, according to its most recent filing with the SEC. The firm bought 5,584 shares of the financial services provider’s stock, valued at approximately $202,000.
A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Fidelity National Financial by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 28,877,107 shares of the financial services provider’s stock worth $1,410,358,000 after purchasing an additional 1,250,233 shares in the last quarter. State Street Corp boosted its stake in Fidelity National Financial by 1.4% in the 1st quarter. State Street Corp now owns 7,407,492 shares of the financial services provider’s stock worth $361,782,000 after purchasing an additional 104,624 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Fidelity National Financial by 7.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,872,457 shares of the financial services provider’s stock worth $237,971,000 after purchasing an additional 319,051 shares in the last quarter. Millennium Management LLC boosted its stake in Fidelity National Financial by 13.0% in the 2nd quarter. Millennium Management LLC now owns 3,173,425 shares of the financial services provider’s stock worth $117,290,000 after purchasing an additional 363,881 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its stake in Fidelity National Financial by 1.4% during the 3rd quarter. Confluence Investment Management LLC now owns 2,471,307 shares of the financial services provider’s stock valued at $89,461,000 after acquiring an additional 33,574 shares during the period. 77.98% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, Director Daniel D. Lane sold 5,531 shares of the company’s stock in a transaction on Monday, December 5th. The shares were sold at an average price of $37.44, for a total transaction of $207,080.64. Following the completion of the sale, the director now owns 271,325 shares of the company’s stock, valued at $10,158,408. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Fidelity National Financial Price Performance
NYSE:FNF opened at $42.87 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.18 and a quick ratio of 0.18. The firm has a market cap of $11.67 billion, a price-to-earnings ratio of 7.53 and a beta of 1.27. The company has a 50 day moving average price of $38.97 and a 200-day moving average price of $38.95. Fidelity National Financial, Inc. has a 1-year low of $34.51 and a 1-year high of $51.40.
Fidelity National Financial (NYSE:FNF – Get Rating) last issued its quarterly earnings results on Tuesday, November 8th. The financial services provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.47). The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.22 billion. Fidelity National Financial had a return on equity of 24.29% and a net margin of 11.60%. Fidelity National Financial’s revenue was down 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.12 EPS. Equities research analysts forecast that Fidelity National Financial, Inc. will post 5.58 EPS for the current year.
Fidelity National Financial Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 16th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.20%. The ex-dividend date was Thursday, December 15th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.44. Fidelity National Financial’s payout ratio is presently 31.63%.
About Fidelity National Financial
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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