Universal Beteiligungs und Servicegesellschaft mbH Boosts Stake in Fidelity National Financial, Inc. $FNF

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 57.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 110,208 shares of the financial services provider’s stock after acquiring an additional 40,027 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Fidelity National Financial were worth $6,178,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC lifted its stake in Fidelity National Financial by 1,569.6% during the second quarter. Avior Wealth Management LLC now owns 21,170 shares of the financial services provider’s stock worth $1,187,000 after purchasing an additional 19,902 shares during the last quarter. Stephens Inc. AR increased its stake in Fidelity National Financial by 29.3% during the second quarter. Stephens Inc. AR now owns 180,087 shares of the financial services provider’s stock valued at $10,096,000 after purchasing an additional 40,835 shares during the last quarter. OLD National Bancorp IN raised its holdings in shares of Fidelity National Financial by 2.5% during the second quarter. OLD National Bancorp IN now owns 171,145 shares of the financial services provider’s stock worth $9,594,000 after purchasing an additional 4,204 shares during the period. New York State Teachers Retirement System lifted its position in shares of Fidelity National Financial by 22.5% in the 2nd quarter. New York State Teachers Retirement System now owns 135,764 shares of the financial services provider’s stock worth $7,611,000 after buying an additional 24,916 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC acquired a new position in shares of Fidelity National Financial in the 1st quarter valued at about $509,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Buying and Selling

In other Fidelity National Financial news, Director Daniel D. Lane sold 6,367 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $57.63, for a total transaction of $366,930.21. Following the sale, the director directly owned 276,308 shares in the company, valued at approximately $15,923,630.04. The trade was a 2.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Stephens started coverage on Fidelity National Financial in a report on Friday, November 14th. They issued an “overweight” rating on the stock. National Bankshares set a $64.00 price objective on Fidelity National Financial in a research report on Monday, October 6th. Keefe, Bruyette & Woods upped their price objective on Fidelity National Financial from $69.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, November 10th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidelity National Financial in a research note on Thursday, November 13th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.00.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $59.09 on Friday. Fidelity National Financial, Inc. has a 12-month low of $50.61 and a 12-month high of $66.72. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market capitalization of $16.02 billion, a price-to-earnings ratio of 15.00 and a beta of 1.05. The business has a 50 day simple moving average of $57.44 and a 200 day simple moving average of $57.18.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The company had revenue of $3.17 billion during the quarter. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be given a $0.52 dividend. The ex-dividend date is Wednesday, December 17th. This represents a $2.08 dividend on an annualized basis and a yield of 3.5%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s payout ratio is currently 48.37%.

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.