New York State Teachers Retirement System Boosts Stake in Fidelity National Financial, Inc. $FNF

Key Points

• The New York State Teachers Retirement System increased its stake in Fidelity National Financial by 22.5%, acquiring an additional 24,916 shares during the second quarter, bringing their total holdings to 135,764 shares valued at $7,611,000.
• Fidelity National Financial is currently rated as a "Moderate Buy" by analysts, with a consensus target price of $69.83 based on five buy ratings and one hold rating.
• The company announced a quarterly dividend of $0.50, translating to an annualized dividend yield of 3.6%, with a payout ratio of 50.76%.

New York State Teachers Retirement System increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 22.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,764 shares of the financial services provider's stock after acquiring an additional 24,916 shares during the quarter. New York State Teachers Retirement System's holdings in Fidelity National Financial were worth $7,611,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. TD Asset Management Inc lifted its stake in Fidelity National Financial by 3.7% in the 2nd quarter. TD Asset Management Inc now owns 90,179 shares of the financial services provider's stock worth $5,055,000 after purchasing an additional 3,248 shares in the last quarter. NorthRock Partners LLC acquired a new stake in shares of Fidelity National Financial in the second quarter valued at approximately $277,000. Envestnet Portfolio Solutions Inc. lifted its position in Fidelity National Financial by 46.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 9,404 shares of the financial services provider's stock worth $527,000 after buying an additional 2,975 shares in the last quarter. Aberdeen Group plc boosted its stake in Fidelity National Financial by 6.0% during the second quarter. Aberdeen Group plc now owns 147,842 shares of the financial services provider's stock worth $8,288,000 after buying an additional 8,363 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Fidelity National Financial by 4,545.5% during the second quarter. Blue Trust Inc. now owns 511 shares of the financial services provider's stock worth $29,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on FNF shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Fidelity National Financial in a report on Wednesday, October 8th. Barclays restated a "cautious" rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Finally, National Bankshares set a $64.00 target price on shares of Fidelity National Financial in a report on Monday, October 6th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Fidelity National Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.83.

Fidelity National Financial Stock Up 0.2%

Shares of FNF opened at $55.20 on Monday. The company's 50-day simple moving average is $59.04 and its 200-day simple moving average is $58.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The stock has a market capitalization of $15.00 billion, a PE ratio of 14.01 and a beta of 1.05.

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

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, September 16th. Fidelity National Financial's dividend payout ratio (DPR) is presently 50.76%.

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.

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