National Pension Service Raises Stake in Fidelity National Financial, Inc. $FNF

Key Points

• National Pension Service increased its FNF stake by 314.2% in the second quarter, owning 112,189 shares valued at approximately $5.29 million. Institutional investors collectively own 81.17% of the company.
• Analysts maintain a generally neutral view, with FNF carrying a consensus “Hold” rating and an average price target of $56.00. Recent targets range from $54 to $61.
• FNF exceeded quarterly earnings and revenue expectations, reporting $1.39 in EPS and $4.05 billion in revenue, while announcing a quarterly dividend of $0.52 per share, representing a 4.7% annualized yield.

National Pension Service increased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 314.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 112,189 shares of the financial services provider's stock after buying an additional 85,106 shares during the period. National Pension Service's holdings in Fidelity National Financial were worth $5,291,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Fidelity National Financial during the 2nd quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC purchased a new position in Fidelity National Financial in the fourth quarter valued at approximately $28,000. Headlands Technologies LLC bought a new position in Fidelity National Financial during the second quarter valued at $32,000. Ancora Advisors LLC purchased a new stake in Fidelity National Financial in the second quarter worth $43,000. Finally, Markowski Investments bought a new stake in shares of Fidelity National Financial in the second quarter valued at $51,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on FNF shares. Stephens reiterated an "overweight" rating and set a $55.00 price target on shares of Fidelity National Financial in a research note on Monday, August 24th. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Financial from $64.00 to $61.00 and set an "outperform" rating for the company in a research report on Monday, August 10th. Zacks Research upgraded shares of Fidelity National Financial from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 26th. National Bank Financial set a $54.00 price target on shares of Fidelity National Financial in a research note on Friday, August 7th. Finally, Barclays raised their price objective on shares of Fidelity National Financial from $51.00 to $54.00 and gave the stock an "equal weight" rating in a report on Friday, August 7th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $56.00.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, EVP Peter Sadowski sold 69,196 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 5,702 shares in the company, valued at $260,581.40. This represents a 92.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.70% of the stock is owned by corporate insiders.

Fidelity National Financial Stock Up 0.5%

FNF stock opened at $44.18 on Friday. The stock has a 50-day simple moving average of $48.92 and a two-hundred day simple moving average of $48.50. Fidelity National Financial, Inc. has a twelve month low of $42.78 and a twelve month high of $60.97. The firm has a market capitalization of $11.85 billion, a PE ratio of 15.60, a PEG ratio of 0.65 and a beta of 0.93. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings results 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. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the prior year, the firm posted $1.16 earnings per share. The company's revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities analysts predict that Fidelity National Financial, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, September 16th. Fidelity National Financial's dividend payout ratio is 73.50%.

Fidelity National Financial Profile

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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