Westpac Banking Corp Has $1.95 Million Position in Fidelity National Financial (FNF)

Westpac Banking Corp increased its stake in shares of Fidelity National Financial (NYSE:FNF) by 211.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 48,739 shares of the financial services provider’s stock after buying an additional 33,077 shares during the period. Westpac Banking Corp’s holdings in Fidelity National Financial were worth $1,951,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in Fidelity National Financial during the 3rd quarter worth approximately $207,000. KAMES CAPITAL plc grew its holdings in Fidelity National Financial by 30.7% during the 4th quarter. KAMES CAPITAL plc now owns 53,804 shares of the financial services provider’s stock worth $2,111,000 after acquiring an additional 12,650 shares during the last quarter. USS Investment Management Ltd grew its holdings in Fidelity National Financial by 24.8% during the 4th quarter. USS Investment Management Ltd now owns 794,600 shares of the financial services provider’s stock worth $31,188,000 after acquiring an additional 158,000 shares during the last quarter. CWM LLC grew its holdings in Fidelity National Financial by 9.3% during the 4th quarter. CWM LLC now owns 122,604 shares of the financial services provider’s stock worth $4,811,000 after acquiring an additional 10,468 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Fidelity National Financial by 3.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 594,190 shares of the financial services provider’s stock worth $23,317,000 after acquiring an additional 22,078 shares during the last quarter. 83.97% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. ValuEngine raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 28th. Finally, Stephens reissued a “buy” rating and set a $46.00 target price on shares of Fidelity National Financial in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $43.83.

In other Fidelity National Financial news, Director Daniel D. Lane sold 18,810 shares of Fidelity National Financial stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $41.38, for a total transaction of $778,357.80. Following the transaction, the director now directly owns 261,696 shares of the company’s stock, valued at $10,828,980.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brent B. Bickett sold 63,155 shares of Fidelity National Financial stock in a transaction that occurred on Tuesday, April 17th. The stock was sold at an average price of $39.10, for a total transaction of $2,469,360.50. The disclosure for this sale can be found here. Insiders sold 112,303 shares of company stock worth $4,427,622 over the last ninety days. 6.10% of the stock is currently owned by insiders.

Fidelity National Financial traded up $0.23, reaching $38.16, during trading hours on Thursday, according to Marketbeat Ratings. 15,048 shares of the company were exchanged, compared to its average volume of 1,489,314. Fidelity National Financial has a 1 year low of $38.28 and a 1 year high of $38.52. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $10.50 billion, a PE ratio of 16.71 and a beta of 0.84.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, May 2nd. The financial services provider reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. Fidelity National Financial had a net margin of 8.66% and a return on equity of 13.04%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the business earned $0.42 earnings per share. analysts forecast that Fidelity National Financial will post 2.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be paid a $0.30 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, June 14th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 52.86%.

About Fidelity National Financial

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.

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

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