Teacher Retirement System of Texas grew its stake in Fidelity National Financial Inc (NYSE:FNF) by 5.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,138,951 shares of the financial services provider’s stock after purchasing an additional 60,840 shares during the period. Teacher Retirement System of Texas owned approximately 0.42% of Fidelity National Financial worth $45,900,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. CIBC Asset Management Inc increased its holdings in Fidelity National Financial by 1.9% during the 2nd quarter. CIBC Asset Management Inc now owns 16,691 shares of the financial services provider’s stock worth $673,000 after purchasing an additional 307 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in Fidelity National Financial by 0.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 394,739 shares of the financial services provider’s stock worth $15,908,000 after purchasing an additional 1,949 shares during the period. GWM Advisors LLC increased its holdings in Fidelity National Financial by 2.2% during the 2nd quarter. GWM Advisors LLC now owns 46,647 shares of the financial services provider’s stock worth $1,880,000 after purchasing an additional 1,012 shares during the period. Meeder Asset Management Inc. increased its holdings in Fidelity National Financial by 943.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 50,213 shares of the financial services provider’s stock worth $2,024,000 after purchasing an additional 45,401 shares during the period. Finally, Cpwm LLC increased its holdings in Fidelity National Financial by 1.1% during the 2nd quarter. Cpwm LLC now owns 23,630 shares of the financial services provider’s stock worth $952,000 after purchasing an additional 249 shares during the period. 83.20% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:FNF traded up $0.40 on Wednesday, reaching $44.35. The company had a trading volume of 445,706 shares, compared to its average volume of 1,149,394. Fidelity National Financial Inc has a 52-week low of $29.50 and a 52-week high of $44.79. The firm’s 50 day simple moving average is $42.68 and its 200-day simple moving average is $38.98. The firm has a market capitalization of $12.06 billion, a PE ratio of 16.43 and a beta of 0.86. 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 (NYSE:FNF) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.08. Fidelity National Financial had a return on equity of 16.10% and a net margin of 9.84%. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the business posted $0.86 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts predict that Fidelity National Financial Inc will post 2.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a $0.31 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.80%. Fidelity National Financial’s payout ratio is 45.93%.

Several research firms have commented on FNF. SunTrust Banks raised their price objective on Fidelity National Financial to $45.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Compass Point upgraded Fidelity National Financial from a “neutral” rating to a “buy” rating in a report on Monday, July 8th. Keefe, Bruyette & Woods raised their price objective on Fidelity National Financial from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Susquehanna Bancshares began coverage on Fidelity National Financial in a report on Wednesday, June 19th. They set a “positive” rating and a $48.00 price objective on the stock. Finally, Zacks Investment Research upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $46.25.

About Fidelity National Financial

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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