Gilbert & Cook Inc. bought a new position in Fidelity National Financial, Inc. (NYSE:FNF) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 4,847 shares of the financial services provider’s stock, valued at approximately $217,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FTB Advisors Inc. raised its position in Fidelity National Financial by 234.3% in the first quarter. FTB Advisors Inc. now owns 3,891 shares of the financial services provider’s stock worth $159,000 after buying an additional 2,727 shares during the last quarter. King Luther Capital Management Corp purchased a new position in Fidelity National Financial during the first quarter worth about $204,000. Atria Investments LLC purchased a new position in Fidelity National Financial during the second quarter worth about $205,000. Janney Montgomery Scott LLC purchased a new position in Fidelity National Financial during the first quarter worth about $209,000. Finally, Dai Ichi Life Insurance Company Ltd purchased a new position in Fidelity National Financial during the first quarter worth about $210,000. 83.22% of the stock is currently owned by hedge funds and other institutional investors.
Fidelity National Financial, Inc. (NYSE:FNF) opened at 47.06 on Friday. The company has a 50 day moving average price of $46.31 and a 200-day moving average price of $41.16. Fidelity National Financial, Inc. has a 52-week low of $31.64 and a 52-week high of $49.37. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 20.52 and a beta of 0.95.
Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.14 billion. Fidelity National Financial had a return on equity of 10.41% and a net margin of 7.49%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 earnings per share. Equities research analysts anticipate that Fidelity National Financial, Inc. will post $2.55 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.25 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.12%. Fidelity National Financial’s dividend payout ratio is presently 43.67%.
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A number of research analysts recently issued reports on FNF shares. Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Monday, June 19th. Monness Crespi & Hardt lifted their target price on Fidelity National Financial from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $48.00 target price on shares of Fidelity National Financial in a report on Friday, July 14th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $38.00 target price on shares of Fidelity National Financial in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Fidelity National Financial currently has a consensus rating of “Buy” and a consensus price target of $46.60.
In related news, EVP Peter T. Sadowski sold 133,215 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $47.53, for a total value of $6,331,708.95. Following the completion of the sale, the executive vice president now owns 89,575 shares in the company, valued at $4,257,499.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Anthony Park sold 138,941 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $41.28, for a total value of $5,735,484.48. Following the completion of the sale, the chief financial officer now owns 228,280 shares of the company’s stock, valued at approximately $9,423,398.40. The disclosure for this sale can be found here. Insiders sold 411,800 shares of company stock valued at $18,218,120 in the last quarter. 5.00% of the stock is currently owned by corporate insiders.
Fidelity National Financial Company Profile
Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.
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