Engineers Gate Manager LP Acquires 39,888 Shares of Fidelity National Financial, Inc. $FNF

Engineers Gate Manager LP lifted its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 96.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 81,080 shares of the financial services provider’s stock after acquiring an additional 39,888 shares during the quarter. Engineers Gate Manager LP’s holdings in Fidelity National Financial were worth $3,824,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FNF. Commonwealth Retirement Investments LLC purchased a new stake in Fidelity National Financial during the fourth quarter worth $28,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Fidelity National Financial during the 2nd quarter worth $25,000. Headlands Technologies LLC purchased a new stake in shares of Fidelity National Financial during the 2nd quarter worth $32,000. Ancora Advisors LLC bought a new stake in Fidelity National Financial during the second quarter valued at about $43,000. Finally, Cary Street Partners Investment Advisory LLC boosted its position in Fidelity National Financial by 57.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 353 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fidelity National Financial

In other news, EVP Peter 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 value of $3,162,257.20. Following the completion of the transaction, the executive vice president directly owned 5,702 shares in the company, valued at $260,581.40. This trade represents a 92.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 5.70% of the company’s stock.

Fidelity National Financial Trading Up 0.5%

NYSE:FNF opened at $44.18 on Friday. Fidelity National Financial, Inc. has a 12 month low of $42.78 and a 12 month high of $60.97. The firm has a fifty day simple moving average of $48.92 and a 200-day simple moving average of $48.50. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $11.85 billion, a P/E ratio of 15.60, a PEG ratio of 0.65 and a beta of 0.93.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.08. The firm had revenue of $4.05 billion for 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%.The firm’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.16 EPS. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company 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. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.7%. Fidelity National Financial’s dividend payout ratio is currently 73.50%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. National Bank Financial set a $54.00 target price on Fidelity National Financial in a research note on Friday, August 7th. Stephens restated an “overweight” rating and issued a $55.00 price target on shares of Fidelity National Financial in a report on Monday, August 24th. Barclays lifted their price objective on shares of Fidelity National Financial from $51.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Fidelity National Financial in a research note on Tuesday. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Hold” and an average price target of $56.00.

About Fidelity National Financial

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.