Employees Retirement System of Texas Purchases Shares of 1,889 Fidelity National Financial, Inc. $FNF

Employees Retirement System of Texas purchased a new position in Fidelity National Financial, Inc. (NYSE:FNF) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,889 shares of the financial services provider’s stock, valued at approximately $106,000.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Fidelity National Financial by 2.1% in the second quarter. Vanguard Group Inc. now owns 27,755,047 shares of the financial services provider’s stock valued at $1,555,948,000 after purchasing an additional 580,133 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Fidelity National Financial by 2.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 9,235,289 shares of the financial services provider’s stock valued at $517,730,000 after buying an additional 234,288 shares during the period. Geode Capital Management LLC grew its position in shares of Fidelity National Financial by 0.8% during the second quarter. Geode Capital Management LLC now owns 4,795,238 shares of the financial services provider’s stock worth $268,026,000 after buying an additional 37,473 shares in the last quarter. Millennium Management LLC increased its stake in shares of Fidelity National Financial by 93.3% during the first quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock worth $244,967,000 after buying an additional 1,817,124 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Fidelity National Financial during the first quarter worth approximately $178,433,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

FNF has been the subject of several analyst reports. National Bankshares set a $64.00 price target 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 research report on Tuesday. Barclays reiterated a “cautious” rating on shares of Fidelity National Financial in a research note on Monday, October 6th. Keefe, Bruyette & Woods increased their target price on Fidelity National Financial from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, November 10th. Finally, Stephens started coverage on Fidelity National Financial in a research note on Friday, November 14th. They issued an “overweight” rating on the stock. Four equities research 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 has an average rating of “Moderate Buy” and an average target price of $70.00.

Insider Activity

In related news, Director Daniel D. Lane sold 6,367 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $57.63, for a total transaction of $366,930.21. Following the transaction, the director owned 276,308 shares in the company, valued at $15,923,630.04. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.50% of the stock is currently owned by company insiders.

Fidelity National Financial Trading Down 0.1%

Shares of Fidelity National Financial stock opened at $59.43 on Friday. The company has a fifty day simple moving average of $57.46 and a 200-day simple moving average of $57.12. Fidelity National Financial, Inc. has a 12-month low of $50.61 and a 12-month high of $66.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. The stock has a market cap of $16.11 billion, a price-to-earnings ratio of 15.08 and a beta of 1.05.

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

Fidelity National Financial Increases Dividend

The company 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. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.5%. Fidelity National Financial’s payout ratio is currently 48.37%.

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.