Mizuho Asset Management Co. Ltd. boosted its stake in Fidelity National Financial Inc. (NYSE:FNF) by 156.2% during the second quarter, Holdings Channel reports. The institutional investor owned 3,512 shares of the company’s stock after buying an additional 2,141 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in Fidelity National Financial were worth $132,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of FNF. State Street Corp boosted its position in Fidelity National Financial by 2.7% in the first quarter. State Street Corp now owns 4,796,201 shares of the company’s stock valued at $162,591,000 after buying an additional 123,864 shares in the last quarter. Legal & General Group Plc boosted its position in Fidelity National Financial by 1.6% in the first quarter. Legal & General Group Plc now owns 1,128,730 shares of the company’s stock valued at $38,262,000 after buying an additional 17,564 shares in the last quarter. Creative Planning boosted its position in Fidelity National Financial by 0.3% in the second quarter. Creative Planning now owns 14,035 shares of the company’s stock valued at $526,000 after buying an additional 47 shares in the last quarter. Shell Asset Management Co. boosted its position in Fidelity National Financial by 683.9% in the second quarter. Shell Asset Management Co. now owns 100,029 shares of the company’s stock valued at $3,751,000 after buying an additional 87,269 shares in the last quarter. Finally, Orbis Allan Gray Ltd purchased a new position in Fidelity National Financial during the first quarter valued at approximately $108,341,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.
Fidelity National Financial Inc. (NYSE:FNF) traded up 0.33% on Tuesday, reaching $36.99. 119,377 shares of the company were exchanged. The firm has a market capitalization of $10.08 billion, a P/E ratio of 18.86 and a beta of 0.82. The firm has a 50-day moving average of $37.22 and a 200 day moving average of $35.24. Fidelity National Financial Inc. has a 12-month low of $28.24 and a 12-month high of $38.50.
Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.08. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Fidelity National Financial had a net margin of 6.69% and a return on equity of 9.47%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 earnings per share. On average, equities analysts predict that Fidelity National Financial Inc. will post $2.45 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Wednesday, September 14th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 42.64%.
FNF has been the topic of several recent analyst reports. Piper Jaffray Cos. lifted their target price on shares of Fidelity National Financial from $38.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 5th. Zacks Investment Research upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research note on Wednesday, September 21st. Keefe, Bruyette & Woods lowered shares of Fidelity National Financial from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $38.00 to $39.00 in a research note on Monday, July 18th. Finally, Barclays PLC restated an “overweight” rating and set a $48.00 price target on shares of Fidelity National Financial in a research note on Monday, July 25th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $42.33.
In other Fidelity National Financial news, President Michael Joseph Nolan sold 9,978 shares of the company’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $11.34, for a total value of $113,150.52. Following the sale, the president now owns 280 shares in the company, valued at $3,175.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Cary H. Thompson sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $36.93, for a total transaction of $110,790.00. Following the completion of the transaction, the director now owns 40,694 shares in the company, valued at approximately $1,502,829.42. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.
Fidelity National Financial Company Profile
Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.
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