Daiwa Securities Group Inc. lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 40.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,488 shares of the financial services provider’s stock after selling 5,100 shares during the period. Daiwa Securities Group Inc.’s holdings in Fidelity National Financial were worth $257,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of FNF. KCG Holdings Inc. acquired a new stake in Fidelity National Financial during the 1st quarter worth about $232,000. AQR Capital Management LLC grew its stake in shares of Fidelity National Financial by 3.9% in the 1st quarter. AQR Capital Management LLC now owns 116,120 shares of the financial services provider’s stock valued at $4,522,000 after buying an additional 4,361 shares in the last quarter. Capstone Asset Management Co. grew its stake in shares of Fidelity National Financial by 4.8% in the 2nd quarter. Capstone Asset Management Co. now owns 6,763 shares of the financial services provider’s stock valued at $303,000 after buying an additional 310 shares in the last quarter. Atria Investments LLC bought a new stake in shares of Fidelity National Financial in the 2nd quarter valued at approximately $205,000. Finally, Bank of Montreal Can grew its stake in shares of Fidelity National Financial by 1.8% in the 2nd quarter. Bank of Montreal Can now owns 115,950 shares of the financial services provider’s stock valued at $5,199,000 after buying an additional 2,098 shares in the last quarter. Hedge funds and other institutional investors own 81.92% of the company’s stock.
Several equities research analysts recently commented on FNF shares. raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Thursday, August 17th. raised Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $41.00 price target on shares of Fidelity National Financial in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $44.17.
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Shares of Fidelity National Financial, Inc. (NYSE:FNF) opened at $39.87 on Wednesday. The stock has a market capitalization of $10,603.14, a P/E ratio of 14.96 and a beta of 0.93. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.17. Fidelity National Financial, Inc. has a 12-month low of $22.83 and a 12-month high of $40.12.
Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Fidelity National Financial had a return on equity of 11.05% and a net margin of 7.77%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 earnings per share. equities analysts forecast that Fidelity National Financial, Inc. will post 2.54 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.08 dividend on an annualized basis and a yield of 2.71%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.25. Fidelity National Financial’s dividend payout ratio is presently 55.79%.
In other news, Director Janet Kerr sold 786 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $48.41, for a total transaction of $38,050.26. Following the completion of the transaction, the director now directly owns 11,817 shares in the company, valued at $572,060.97. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Brent B. Bickett sold 80,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $48.21, for a total value of $3,856,800.00. Following the transaction, the insider now owns 584,367 shares of the company’s stock, valued at $28,172,333.07. The disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.
About Fidelity National Financial
Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.
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