Fidelity National Financial, Inc. $FNF Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System trimmed its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 438,067 shares of the financial services provider's stock after selling 8,638 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Fidelity National Financial worth $20,659,240 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in shares of Fidelity National Financial by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 4,777,274 shares of the financial services provider's stock worth $260,060,000 after buying an additional 47,639 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Fidelity National Financial by 30.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,210,824 shares of the financial services provider's stock worth $195,287,000 after purchasing an additional 973,891 shares during the period. Norges Bank acquired a new stake in Fidelity National Financial during the 4th quarter valued at $181,017,000. Bank of New York Mellon Corp boosted its position in shares of Fidelity National Financial by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 2,529,383 shares of the financial services provider's stock worth $117,313,000 after acquiring an additional 13,147 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Fidelity National Financial by 12.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,345,756 shares of the financial services provider's stock valued at $62,416,000 after buying an additional 144,966 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Price Performance

FNF stock traded down $0.58 during midday trading on Tuesday, reaching $43.71. 1,552,750 shares of the stock were exchanged, compared to its average volume of 1,773,343. The stock has a market capitalization of $11.72 billion, a PE ratio of 15.42, a P/E/G ratio of 0.65 and a beta of 0.93. Fidelity National Financial, Inc. has a 52 week low of $42.78 and a 52 week high of $60.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26. The company has a fifty day moving average price of $48.83 and a 200 day moving average price of $48.43.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.08. The business had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $3.79 billion. Fidelity National Financial had a return on equity of 16.07% and a net margin of 5.03%.The firm's quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 EPS. As a group, analysts expect that Fidelity National Financial, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.8%. Fidelity National Financial's payout ratio is currently 73.50%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Zacks Research upgraded shares of Fidelity National Financial from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 26th. Stephens reiterated an "overweight" rating and set a $55.00 price objective on shares of Fidelity National Financial in a report on Monday, August 24th. National Bank Financial set a $54.00 price objective on Fidelity National Financial in a research report on Friday, August 7th. Barclays upped their target price on Fidelity National Financial from $51.00 to $54.00 and gave the company an "equal weight" rating in a report on Friday, August 7th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Fidelity National Financial in a research note on Tuesday, September 8th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $56.00.

Insider Transactions at Fidelity National Financial

In other news, EVP Peter Sadowski sold 69,196 shares of the company's stock in a transaction on Friday, June 26th. The shares were sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of the transaction, the executive vice president owned 5,702 shares in the company, valued at approximately $260,581.40. This represents a 92.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 5.70% of the stock is currently owned by insiders.

About Fidelity National Financial

Fidelity National Financial, Inc NYSE: FNF is a provider of title insurance, escrow and settlement services, and other title-related products in the United States. Through its Fidelity National Title Group businesses, the company helps protect property buyers, lenders and other parties against losses arising from defects in real estate titles and supports the closing of residential and commercial property transactions.

FNF's title operations include well-known brands such as Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.

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