National Pension Service Acquires 85,106 Shares of Fidelity National Financial, Inc. $FNF

National Pension Service raised its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 314.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,189 shares of the financial services provider’s stock after acquiring an additional 85,106 shares during the period. National Pension Service’s holdings in Fidelity National Financial were worth $5,291,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Fidelity National Financial during the second quarter worth about $25,000. Commonwealth Retirement Investments LLC bought a new position in shares of Fidelity National Financial in the fourth quarter worth approximately $28,000. Headlands Technologies LLC bought a new position in shares of Fidelity National Financial in the second quarter worth approximately $32,000. Ancora Advisors LLC purchased a new stake in Fidelity National Financial in the second quarter valued at approximately $43,000. Finally, Markowski Investments purchased a new stake in Fidelity National Financial in the second quarter valued at approximately $51,000. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock opened at $44.18 on Friday. The firm has a market capitalization of $11.85 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 0.65 and a beta of 0.93. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12 month low of $42.78 and a 12 month high of $60.97. The business’s 50-day moving average price is $48.92 and its 200-day moving average price is $48.50.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.79 billion. Fidelity National Financial had a return on equity of 16.07% and a net margin of 5.03%.Fidelity National Financial’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS. Sell-side analysts forecast that Fidelity National Financial, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Wednesday, September 16th. Fidelity National Financial’s payout ratio is presently 73.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FNF shares. National Bank Financial set a $54.00 target price on shares of Fidelity National Financial in a research report on Friday, August 7th. Barclays increased their price target on shares of Fidelity National Financial from $51.00 to $54.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Fidelity National Financial in a research report on Tuesday. Stephens reaffirmed an “overweight” rating and set a $55.00 price objective on shares of Fidelity National Financial in a report on Monday, August 24th. Finally, Zacks Research upgraded shares of Fidelity National Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $56.00.

Insider Buying and Selling at Fidelity National Financial

In other news, EVP Peter Sadowski sold 69,196 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of the sale, the executive vice president owned 5,702 shares of the company’s stock, valued at approximately $260,581.40. This represents a 92.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.70% of the company’s stock.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc (NYSE:FNF) is a provider of title insurance, escrow and settlement services, and other title-related products in the United States. Through its Fidelity National Title Group businesses, the company helps protect property buyers, lenders and other parties against losses arising from defects in real estate titles and supports the closing of residential and commercial property transactions.

FNF’s title operations include well-known brands such as Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.