Keybank National Association OH lifted its stake in shares of Fidelity National Financial Inc (NYSE:FNF) by 9.8% during the second quarter, HoldingsChannel.com reports. The fund owned 14,952 shares of the financial services provider’s stock after buying an additional 1,336 shares during the quarter. Keybank National Association OH’s holdings in Fidelity National Financial were worth $562,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FNF. Schwab Charles Investment Management Inc. increased its position in shares of Fidelity National Financial by 118.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,297,477 shares of the financial services provider’s stock worth $51,926,000 after acquiring an additional 703,287 shares during the period. Old Mutual Global Investors UK Ltd. increased its position in shares of Fidelity National Financial by 171.8% during the first quarter. Old Mutual Global Investors UK Ltd. now owns 1,001,137 shares of the financial services provider’s stock worth $40,065,000 after acquiring an additional 632,789 shares during the period. Principal Financial Group Inc. increased its position in shares of Fidelity National Financial by 3.0% during the first quarter. Principal Financial Group Inc. now owns 17,034,893 shares of the financial services provider’s stock worth $681,736,000 after acquiring an additional 500,930 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Fidelity National Financial by 53.9% during the second quarter. Canada Pension Plan Investment Board now owns 742,449 shares of the financial services provider’s stock worth $27,931,000 after acquiring an additional 259,991 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Fidelity National Financial by 204.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 270,661 shares of the financial services provider’s stock worth $10,182,000 after acquiring an additional 181,631 shares during the period. 82.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of FNF stock opened at $40.00 on Friday. The company has a market cap of $10.98 billion, a P/E ratio of 15.43 and a beta of 0.84. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.80. Fidelity National Financial Inc has a 52-week low of $32.67 and a 52-week high of $42.52.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Tuesday, July 17th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.04. The company had revenue of $2.12 million for the quarter, compared to analyst estimates of $2.11 billion. Fidelity National Financial had a net margin of 9.82% and a return on equity of 15.29%. Fidelity National Financial’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. sell-side analysts anticipate that Fidelity National Financial Inc will post 2.82 earnings per share for the current fiscal year.

Fidelity National Financial declared that its Board of Directors has initiated a stock buyback plan on Tuesday, July 17th that allows the company to buyback 25,000,000 outstanding shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Thursday, September 13th. Fidelity National Financial’s payout ratio is 52.86%.

In related news, COO Roger S. Jewkes sold 43,409 shares of Fidelity National Financial stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $39.79, for a total transaction of $1,727,244.11. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Anthony Park sold 55,779 shares of Fidelity National Financial stock in a transaction that occurred on Thursday, June 21st. The shares were sold at an average price of $36.99, for a total transaction of $2,063,265.21. The disclosure for this sale can be found here. Over the last three months, insiders have sold 191,688 shares of company stock worth $7,505,007. 6.10% of the stock is currently owned by corporate insiders.

A number of brokerages have recently commented on FNF. Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Monday, August 6th. ValuEngine lowered shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd. Finally, Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $39.00 target price on the stock in a research report on Monday, July 16th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. Fidelity National Financial currently has a consensus rating of “Buy” and an average target price of $43.50.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries 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 collection and 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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