New York State Teachers Retirement System raised its position in Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 22.5% in the second quarter, Holdings Channel reports. The fund owned 135,764 shares of the financial services provider’s stock after buying an additional 24,916 shares during the period. New York State Teachers Retirement System’s holdings in Fidelity National Financial were worth $7,611,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in FNF. GAMMA Investing LLC raised its holdings in shares of Fidelity National Financial by 29.1% in the 1st quarter. GAMMA Investing LLC now owns 9,629 shares of the financial services provider’s stock valued at $627,000 after purchasing an additional 2,171 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Fidelity National Financial by 29.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,249 shares of the financial services provider’s stock valued at $2,750,000 after buying an additional 9,616 shares during the last quarter. Advisor Resource Council acquired a new stake in Fidelity National Financial in the first quarter valued at $323,000. Praxis Investment Management Inc. lifted its holdings in Fidelity National Financial by 28.1% during the 1st quarter. Praxis Investment Management Inc. now owns 14,170 shares of the financial services provider’s stock worth $922,000 after buying an additional 3,110 shares during the last quarter. Finally, Kentucky Retirement Systems acquired a new position in shares of Fidelity National Financial during the 1st quarter worth about $1,153,000. Institutional investors and hedge funds own 81.17% of the company’s stock.
Fidelity National Financial Stock Up 0.2%
Fidelity National Financial stock opened at $55.20 on Monday. The company has a market capitalization of $15.00 billion, a P/E ratio of 14.01 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72. The stock has a 50-day simple moving average of $59.04 and a 200-day simple moving average of $58.00.
Fidelity National Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. Fidelity National Financial’s dividend payout ratio is currently 50.76%.
Analysts Set New Price Targets
A number of research analysts have recently commented on FNF shares. Barclays reiterated a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. National Bankshares set a $64.00 price target on Fidelity National Financial in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Fidelity National Financial in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.83.
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 products.
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