Eaton Vance Management held its stake in shares of Fidelity National Financial Inc. (NYSE:FNF) during the second quarter, Holdings Channel reports. The institutional investor owned 18,481 shares of the company’s stock at the end of the second quarter. Eaton Vance Management’s holdings in Fidelity National Financial were worth $693,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the stock. State Street Corp raised its stake in shares of Fidelity National Financial by 2.7% in the first quarter. State Street Corp now owns 4,796,201 shares of the company’s stock worth $162,591,000 after buying an additional 123,864 shares in the last quarter. Legal & General Group Plc raised its stake in shares of 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 worth $38,262,000 after buying an additional 17,564 shares in the last quarter. Shell Asset Management Co. raised its stake in shares of Fidelity National Financial by 683.9% in the second quarter. Shell Asset Management Co. now owns 100,029 shares of the company’s stock worth $3,751,000 after buying an additional 87,269 shares in the last quarter. Creative Planning raised its stake in shares of Fidelity National Financial by 0.3% in the second quarter. Creative Planning now owns 14,035 shares of the company’s stock worth $526,000 after buying an additional 47 shares in the last quarter. Finally, Orbis Allan Gray Ltd acquired a new stake in shares of Fidelity National Financial during the first quarter worth $108,341,000. 85.54% of the stock is currently owned by institutional investors.
Shares of Fidelity National Financial Inc. (NYSE:FNF) traded down 0.61% on Thursday, hitting $37.18. The company had a trading volume of 343,228 shares. Fidelity National Financial Inc. has a 12 month low of $28.24 and a 12 month high of $38.50. The stock has a market cap of $10.14 billion, a PE ratio of 18.96 and a beta of 0.82. The company has a 50-day moving average of $37.28 and a 200 day moving average of $35.29.
Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.08. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.08 billion. Fidelity National Financial had a net margin of 6.69% and a return on equity of 9.47%. Fidelity National Financial’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. Analysts anticipate that Fidelity National Financial Inc. will post $2.45 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.84 annualized dividend and a yield of 2.25%. Fidelity National Financial’s dividend payout ratio (DPR) is 42.64%.
A number of equities research analysts have weighed in on FNF shares. Piper Jaffray Cos. lifted their price objective on Fidelity National Financial from $38.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, July 5th. Zacks Investment Research lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday. Keefe, Bruyette & Woods downgraded shares of Fidelity National Financial from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $38.00 to $39.00 in a research report on Monday, July 18th. Finally, Barclays PLC reiterated an “overweight” rating and set a $48.00 price target on shares of Fidelity National Financial in a research report on Monday, July 25th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $42.33.
In other Fidelity National Financial news, Director Daniel D. Lane sold 13,380 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $36.90, for a total value of $493,722.00. Following the completion of the transaction, the director now owns 257,176 shares in the company, valued at approximately $9,489,794.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Michael Joseph Nolan sold 20,000 shares of the company’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $36.83, for a total transaction of $736,600.00. Following the completion of the transaction, the president now owns 69,143 shares of the company’s stock, valued at approximately $2,546,536.69. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.
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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