Retirement Systems of Alabama Purchases 2,489 Shares of Fidelity National Financial, Inc. $FNF

Retirement Systems of Alabama increased its position in Fidelity National Financial, Inc. (NYSE:FNF) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 318,888 shares of the financial services provider’s stock after acquiring an additional 2,489 shares during the period. Retirement Systems of Alabama owned about 0.12% of Fidelity National Financial worth $17,877,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Gilbert & Cook Inc. grew its holdings in shares of Fidelity National Financial by 3.0% in the first quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 168 shares during the period. Journey Strategic Wealth LLC grew its holdings in shares of Fidelity National Financial by 1.2% in the first quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider’s stock worth $943,000 after acquiring an additional 175 shares during the period. Commerce Bank grew its holdings in shares of Fidelity National Financial by 3.1% in the first quarter. Commerce Bank now owns 5,977 shares of the financial services provider’s stock worth $389,000 after acquiring an additional 177 shares during the period. Peddock Capital Advisors LLC grew its holdings in shares of Fidelity National Financial by 3.2% in the first quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider’s stock worth $369,000 after acquiring an additional 178 shares during the period. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in shares of Fidelity National Financial by 0.6% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 31,651 shares of the financial services provider’s stock worth $2,060,000 after acquiring an additional 197 shares during the period. Institutional investors own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

FNF has been the subject of several research analyst reports. Barclays reaffirmed a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelity National Financial in a report on Wednesday, October 8th. Finally, National Bankshares set a $64.00 price target on Fidelity National Financial in a report on Monday, October 6th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.83.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock opened at $55.18 on Friday. The stock’s 50-day simple moving average is $58.31 and its 200-day simple moving average is $57.75. Fidelity National Financial, Inc. has a 52 week low of $50.61 and a 52 week high of $66.72. The company has a market capitalization of $14.99 billion, a price-to-earnings ratio of 14.00 and a beta of 1.05. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The business had revenue of $3.17 billion for the quarter. As a group, analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, September 16th. Fidelity National Financial’s payout ratio is presently 50.76%.

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 products.