Voloridge Investment Management LLC grew its position in Fidelity National Financial Inc (NYSE:FNF) by 72.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,204 shares of the financial services provider’s stock after purchasing an additional 36,241 shares during the period. Voloridge Investment Management LLC’s holdings in Fidelity National Financial were worth $3,828,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FNF. Barclays PLC raised its stake in shares of Fidelity National Financial by 29.2% during the 3rd quarter. Barclays PLC now owns 190,727 shares of the financial services provider’s stock worth $8,471,000 after purchasing an additional 43,124 shares during the period. Point72 Asset Management L.P. grew its position in Fidelity National Financial by 1,796.4% during the third quarter. Point72 Asset Management L.P. now owns 53,100 shares of the financial services provider’s stock valued at $2,358,000 after buying an additional 50,300 shares during the period. Penserra Capital Management LLC increased its holdings in Fidelity National Financial by 245.5% during the third quarter. Penserra Capital Management LLC now owns 3,040 shares of the financial services provider’s stock worth $133,000 after buying an additional 2,160 shares during the last quarter. California State Teachers Retirement System increased its holdings in Fidelity National Financial by 0.4% during the third quarter. California State Teachers Retirement System now owns 501,258 shares of the financial services provider’s stock worth $22,261,000 after buying an additional 1,784 shares during the last quarter. Finally, Phoenix Holdings Ltd. bought a new stake in Fidelity National Financial in the third quarter worth about $9,386,000. 81.68% of the stock is currently owned by institutional investors.
FNF stock opened at $47.14 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $13.10 billion, a price-to-earnings ratio of 17.46 and a beta of 0.82. Fidelity National Financial Inc has a fifty-two week low of $29.50 and a fifty-two week high of $48.40. The stock has a fifty day moving average of $46.56 and a 200-day moving average of $43.28.
Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.22. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.19 billion. Fidelity National Financial had a return on equity of 17.51% and a net margin of 9.82%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. Equities analysts predict that Fidelity National Financial Inc will post 3.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.33 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.32 annualized dividend and a dividend yield of 2.80%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 45.93%.
In other Fidelity National Financial news, EVP Brent B. Bickett sold 51,709 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $44.62, for a total transaction of $2,307,255.58. Following the sale, the executive vice president now owns 589,799 shares of the company’s stock, valued at approximately $26,316,831.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas M. Hagerty sold 8,843 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $44.15, for a total value of $390,418.45. Following the sale, the director now owns 223,660 shares in the company, valued at approximately $9,874,589. The disclosure for this sale can be found here. Insiders sold 648,213 shares of company stock valued at $28,390,825 in the last quarter. Corporate insiders own 6.20% of the company’s stock.
A number of research firms have weighed in on FNF. Zacks Investment Research upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Tuesday, October 8th. ValuEngine lowered shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. Finally, Keefe, Bruyette & Woods cut shares of Fidelity National Financial from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $49.00 to $48.00 in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. Fidelity National Financial has an average rating of “Buy” and an average target price of $46.54.
Fidelity National Financial Profile
Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products 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 trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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