National Pension Service Has $3.95 Million Stock Holdings in Fidelity National Financial, Inc. $FNF

National Pension Service increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 70,518 shares of the financial services provider’s stock after purchasing an additional 3,223 shares during the quarter. National Pension Service’s holdings in Fidelity National Financial were worth $3,953,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Stephens Inc. AR grew its stake in Fidelity National Financial by 29.3% during the 2nd quarter. Stephens Inc. AR now owns 180,087 shares of the financial services provider’s stock valued at $10,096,000 after acquiring an additional 40,835 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Fidelity National Financial by 39.0% in the first quarter. Cerity Partners LLC now owns 51,647 shares of the financial services provider’s stock worth $3,361,000 after purchasing an additional 14,485 shares in the last quarter. OLD National Bancorp IN boosted its holdings in shares of Fidelity National Financial by 2.5% during the second quarter. OLD National Bancorp IN now owns 171,145 shares of the financial services provider’s stock worth $9,594,000 after purchasing an additional 4,204 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of Fidelity National Financial by 1,569.6% during the second quarter. Avior Wealth Management LLC now owns 21,170 shares of the financial services provider’s stock worth $1,187,000 after purchasing an additional 19,902 shares during the period. Finally, Focus Partners Advisor Solutions LLC purchased a new position in Fidelity National Financial during the first quarter valued at approximately $509,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Down 0.6%

Fidelity National Financial stock opened at $58.24 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72. The firm’s fifty day simple moving average is $57.70 and its 200-day simple moving average is $57.36. The company has a market capitalization of $15.79 billion, a P/E ratio of 14.78 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The firm had revenue of $3.17 billion for the quarter. Sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s payout ratio is currently 48.37%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FNF shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Thursday. Stephens assumed coverage on shares of Fidelity National Financial in a research note on Friday. They issued an “overweight” rating on the stock. Barclays reiterated a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Keefe, Bruyette & Woods lifted their price objective on Fidelity National Financial from $69.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, November 10th. Finally, National Bankshares set a $64.00 target price on Fidelity National Financial in a research report on Monday, October 6th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

Fidelity National Financial Company Profile

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