Northern Capital Management LLC Cuts Position in Fidelity National Financial, Inc. (FNF)

Northern Capital Management LLC reduced its position in Fidelity National Financial, Inc. (NYSE:FNF) by 46.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,905 shares of the financial services provider’s stock after selling 34,825 shares during the quarter. Northern Capital Management LLC’s holdings in Fidelity National Financial were worth $1,894,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stephens Inc. AR raised its position in shares of Fidelity National Financial by 25.7% in the 2nd quarter. Stephens Inc. AR now owns 17,912 shares of the financial services provider’s stock worth $803,000 after buying an additional 3,661 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Fidelity National Financial by 38.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 844,881 shares of the financial services provider’s stock worth $32,899,000 after buying an additional 236,376 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Fidelity National Financial by 94.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 104,336 shares of the financial services provider’s stock worth $4,677,000 after buying an additional 50,633 shares during the period. Wells Fargo & Company MN raised its position in shares of Fidelity National Financial by 4.1% in the 2nd quarter. Wells Fargo & Company MN now owns 4,217,229 shares of the financial services provider’s stock worth $189,058,000 after buying an additional 166,745 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of Fidelity National Financial by 543.2% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 41,984 shares of the financial services provider’s stock worth $1,882,000 after buying an additional 35,457 shares during the period. 81.83% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Brent B. Bickett sold 80,000 shares of Fidelity National Financial stock in a transaction on Monday, September 18th. The shares were sold at an average price of $48.21, for a total value of $3,856,800.00. Following the completion of the sale, the insider now owns 584,367 shares of the company’s stock, valued at approximately $28,172,333.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Janet Kerr sold 786 shares of Fidelity National Financial stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $48.41, for a total transaction of $38,050.26. Following the completion of the sale, the director now directly owns 11,817 shares of the company’s stock, valued at approximately $572,060.97. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.

FNF has been the topic of several research reports. Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Thursday, August 31st. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $41.00 target price on shares of Fidelity National Financial in a research report on Friday, October 20th. Finally, ValuEngine raised Fidelity National Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Fidelity National Financial has an average rating of “Buy” and an average target price of $44.17.

Fidelity National Financial, Inc. (FNF) traded up 0.57% on Tuesday, reaching $37.36. The company’s stock had a trading volume of 354,615 shares. The company has a market capitalization of $10.19 billion, a price-to-earnings ratio of 16.29 and a beta of 0.92. Fidelity National Financial, Inc. has a 1-year low of $31.64 and a 1-year high of $37.48. The stock has a 50 day moving average price of $34.77 and a 200-day moving average price of $32.73.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. Fidelity National Financial had a net margin of 7.77% and a return on equity of 11.09%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business earned $0.69 EPS. Fidelity National Financial’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities analysts predict that Fidelity National Financial, Inc. will post $2.43 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Thursday, December 14th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.25. Fidelity National Financial’s payout ratio is presently 55.79%.

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About Fidelity National Financial

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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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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