Railway Pension Investments Ltd Purchases 182,600 Shares of Fidelity National Financial, Inc. $FNF

Railway Pension Investments Ltd raised its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 190.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 278,600 shares of the financial services provider’s stock after acquiring an additional 182,600 shares during the period. Railway Pension Investments Ltd’s holdings in Fidelity National Financial were worth $13,139,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. increased its stake in shares of Fidelity National Financial by 1.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 17,542 shares of the financial services provider’s stock worth $958,000 after purchasing an additional 192 shares during the last quarter. Kera Capital Partners Inc. raised its stake in Fidelity National Financial by 6.1% during the 4th quarter. Kera Capital Partners Inc. now owns 3,946 shares of the financial services provider’s stock valued at $215,000 after buying an additional 228 shares during the last quarter. Fiduciary Trust Co raised its position in shares of Fidelity National Financial by 2.0% during the 3rd quarter. Fiduciary Trust Co now owns 11,813 shares of the financial services provider’s stock valued at $715,000 after purchasing an additional 228 shares during the period. Brooklyn Investment Group grew its holdings in shares of Fidelity National Financial by 2.1% in the fourth quarter. Brooklyn Investment Group now owns 11,272 shares of the financial services provider’s stock valued at $621,000 after purchasing an additional 231 shares in the last quarter. Finally, 44 Wealth Management LLC boosted its holdings in Fidelity National Financial by 1.7% during the 4th quarter. 44 Wealth Management LLC now owns 15,090 shares of the financial services provider’s stock valued at $824,000 after acquiring an additional 255 shares during the period. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

FNF stock opened at $46.40 on Tuesday. The company has a market capitalization of $12.44 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 0.70 and a beta of 0.95. The firm has a 50 day moving average of $49.30 and a two-hundred day moving average of $49.12. Fidelity National Financial, Inc. has a 12 month low of $42.78 and a 12 month high of $61.40. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.31 by $0.08. The firm had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Fidelity National Financial had a return on equity of 16.07% and a net margin of 5.03%.The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 EPS. As a group, equities analysts anticipate that Fidelity National Financial, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared 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. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Wednesday, September 16th. Fidelity National Financial’s payout ratio is 73.50%.

Insider Transactions at Fidelity National Financial

In related news, EVP Peter T. Sadowski sold 69,196 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the sale, the executive vice president owned 5,702 shares in the company, valued at approximately $260,581.40. This trade represents a 92.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Barclays raised 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 note on Friday, August 7th. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Stephens reissued an “overweight” rating and issued a $55.00 price objective on shares of Fidelity National Financial in a research report on Monday, August 24th. Finally, National Bank Financial set a $54.00 price target on shares of Fidelity National Financial in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Hold” and a consensus price target of $56.00.

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.