MUFG Securities EMEA plc Takes Position in Fidelity National Financial Inc (NYSE:FNF)

MUFG Securities EMEA plc acquired a new stake in shares of Fidelity National Financial Inc (NYSE:FNF) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 29,000 shares of the financial services provider’s stock, valued at approximately $1,169,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new stake in shares of Fidelity National Financial during the first quarter worth approximately $26,000. Rockefeller Capital Management L.P. grew its position in shares of Fidelity National Financial by 1,534.8% during the second quarter. Rockefeller Capital Management L.P. now owns 752 shares of the financial services provider’s stock worth $30,000 after buying an additional 706 shares in the last quarter. Cutler Group LP grew its position in shares of Fidelity National Financial by 1,000.0% during the second quarter. Cutler Group LP now owns 1,100 shares of the financial services provider’s stock worth $44,000 after buying an additional 1,000 shares in the last quarter. Icon Wealth Partners LLC acquired a new stake in shares of Fidelity National Financial during the first quarter worth approximately $42,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Fidelity National Financial during the second quarter worth approximately $50,000. Institutional investors own 83.12% of the company’s stock.

In other news, President Michael Joseph Nolan sold 75,884 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $44.09, for a total transaction of $3,345,725.56. Following the completion of the transaction, the president now owns 289,669 shares of the company’s stock, valued at $12,771,506.21. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Peter T. Sadowski sold 64,883 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $43.86, for a total transaction of $2,845,768.38. Following the transaction, the executive vice president now directly owns 127,795 shares of the company’s stock, valued at approximately $5,605,088.70. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.

A number of equities analysts have commented on the stock. Compass Point raised shares of Fidelity National Financial from a “neutral” rating to a “buy” rating in a report on Monday, July 8th. Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Monday. Susquehanna Bancshares assumed coverage on shares of Fidelity National Financial in a report on Wednesday, June 19th. They issued a “positive” rating and a $48.00 price objective for the company. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Fidelity National Financial from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. Fidelity National Financial presently has a consensus rating of “Buy” and an average target price of $46.54.

Fidelity National Financial stock traded down $0.66 during mid-day trading on Friday, reaching $43.38. The company’s stock had a trading volume of 43,513 shares, compared to its average volume of 963,718. The firm has a market cap of $11.96 billion, a price-to-earnings ratio of 16.07 and a beta of 0.84. The business has a 50 day moving average price of $43.79 and a 200-day moving average price of $39.96. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.17. Fidelity National Financial Inc has a twelve month low of $29.50 and a twelve month high of $45.40.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.08. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.08 billion. Fidelity National Financial had a net margin of 9.84% and a return on equity of 16.10%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 earnings per share. On average, equities analysts expect that Fidelity National Financial Inc will post 2.94 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Friday, September 13th. Fidelity National Financial’s dividend payout ratio is presently 45.93%.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.

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

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