Teacher Retirement System of Texas Makes New Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Teacher Retirement System of Texas purchased a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 384,715 shares of the financial services provider's stock, valued at approximately $25,037,000. Teacher Retirement System of Texas owned about 0.14% of Fidelity National Financial at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FNF. Private Trust Co. NA boosted its position in Fidelity National Financial by 38.7% in the 1st quarter. Private Trust Co. NA now owns 738 shares of the financial services provider's stock valued at $48,000 after buying an additional 206 shares during the last quarter. Moody Lynn & Lieberson LLC acquired a new position in shares of Fidelity National Financial during the first quarter valued at $222,000. Rossby Financial LCC bought a new position in Fidelity National Financial in the first quarter valued at about $62,000. Summit Trail Advisors LLC acquired a new stake in Fidelity National Financial in the first quarter worth about $251,000. Finally, Avidian Wealth Enterprises LLC increased its position in Fidelity National Financial by 11.1% in the first quarter. Avidian Wealth Enterprises LLC now owns 4,786 shares of the financial services provider's stock worth $311,000 after purchasing an additional 478 shares during the period. Institutional investors and hedge funds own 81.17% of the company's stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $71.60.

Fidelity National Financial Trading Up 1.2%

NYSE:FNF traded up $0.68 during mid-day trading on Friday, hitting $57.99. The company had a trading volume of 1,622,302 shares, compared to its average volume of 1,230,615. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. Fidelity National Financial, Inc. has a fifty-two week low of $47.92 and a fifty-two week high of $66.72. The firm has a market cap of $15.93 billion, a P/E ratio of 14.35 and a beta of 1.02. The business's fifty day moving average is $57.14 and its two-hundred day moving average is $58.90.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the business earned $0.91 EPS. The firm's revenue was down 17.3% compared to the same quarter last year. As a group, research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Monday, June 16th. Fidelity National Financial's dividend payout ratio (DPR) is 49.50%.

Fidelity National Financial Company 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.