Financiere des Professionnels Fonds d investissement inc. Buys 16,546 Shares of Fidelity National Financial, Inc. $FNF

Financiere des Professionnels Fonds d investissement inc. grew its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 122.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,031 shares of the financial services provider’s stock after acquiring an additional 16,546 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Fidelity National Financial were worth $1,393,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Windacre Partnership LLC lifted its position in Fidelity National Financial by 31.0% during the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after purchasing an additional 4,477,900 shares during the period. State Street Corp grew its position in Fidelity National Financial by 0.3% in the 3rd quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock worth $572,782,000 after purchasing an additional 31,318 shares during the period. Charles Schwab Investment Management Inc. grew its position in Fidelity National Financial by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,353,982 shares of the financial services provider’s stock worth $510,634,000 after purchasing an additional 193,629 shares during the period. AQR Capital Management LLC raised its stake in Fidelity National Financial by 34.5% during the 4th quarter. AQR Capital Management LLC now owns 6,800,697 shares of the financial services provider’s stock valued at $371,250,000 after buying an additional 1,743,342 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in Fidelity National Financial by 0.9% during the 4th quarter. First Eagle Investment Management LLC now owns 6,102,523 shares of the financial services provider’s stock valued at $333,137,000 after buying an additional 54,756 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FNF has been the topic of a number of research reports. Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a research report on Thursday, June 11th. National Bank Financial set a $51.00 target price on Fidelity National Financial in a report on Tuesday, July 7th. Stephens dropped their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods dropped their target price on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $56.00.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the sale, the executive vice president directly owned 5,702 shares of the company’s stock, valued at $260,581.40. This trade represents a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.70% of the company’s stock.

Fidelity National Financial Trading Down 0.2%

Fidelity National Financial stock opened at $51.87 on Friday. Fidelity National Financial, Inc. has a 12-month low of $42.78 and a 12-month high of $61.40. The firm has a market capitalization of $13.96 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 0.76 and a beta of 0.96. The firm has a 50 day moving average of $48.10 and a 200 day moving average of $50.24. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.16). The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. Fidelity National Financial’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. As a group, research analysts predict that Fidelity National Financial, Inc. will post 5.24 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $2.08 annualized dividend and a yield of 4.0%. Fidelity National Financial’s dividend payout ratio is currently 75.91%.

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.