Fidelity National Financial, Inc. $FNF Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in Fidelity National Financial, Inc. (NYSE:FNF) by 93.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 34,170 shares of the financial services provider’s stock after selling 511,335 shares during the quarter. Teacher Retirement System of Texas’ holdings in Fidelity National Financial were worth $2,067,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of FNF. Quent Capital LLC acquired a new position in shares of Fidelity National Financial during the third quarter worth about $26,000. Mather Group LLC. purchased a new stake in Fidelity National Financial in the 3rd quarter valued at approximately $29,000. Blue Trust Inc. increased its position in Fidelity National Financial by 4,545.5% during the 2nd quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 500 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in shares of Fidelity National Financial during the 2nd quarter worth approximately $29,000. Finally, Headlands Technologies LLC purchased a new position in shares of Fidelity National Financial during the 2nd quarter worth approximately $32,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 6,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $55.90, for a total value of $335,400.00. Following the transaction, the director directly owned 13,186 shares of the company’s stock, valued at $737,097.40. This trade represents a 31.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel D. Lane sold 6,367 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $57.63, for a total value of $366,930.21. Following the sale, the director owned 276,308 shares in the company, valued at approximately $15,923,630.04. The trade was a 2.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.50% of the stock is currently owned by insiders.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $54.37 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market cap of $15.29 billion, a PE ratio of 13.11, a P/E/G ratio of 0.69 and a beta of 1.00. The firm has a 50 day simple moving average of $55.73 and a 200-day simple moving average of $57.13. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Monday, November 10th. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. Fidelity National Financial had a return on equity of 15.06% and a net margin of 8.34%.The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the previous year, the business earned $1.30 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were paid a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $2.08 annualized dividend and a dividend yield of 3.8%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s dividend payout ratio is presently 50.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Barclays decreased their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 6th. Stephens assumed coverage on shares of Fidelity National Financial in a report on Friday, November 14th. They set an “overweight” rating on the stock. National Bankshares set a $63.00 target price on shares of Fidelity National Financial in a report on Tuesday, January 6th. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Financial from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Fidelity National Financial in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $68.25.

About Fidelity National Financial

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.