Schwab Charles Investment Management Inc. Boosts Stake in Fidelity National Financial, Inc. (FNF)

Schwab Charles Investment Management Inc. increased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 7.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 833,269 shares of the financial services provider’s stock after buying an additional 58,718 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Fidelity National Financial were worth $32,448,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Lincoln National Corp raised its position in shares of Fidelity National Financial by 0.6% in the first quarter. Lincoln National Corp now owns 6,951 shares of the financial services provider’s stock worth $271,000 after buying an additional 39 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Fidelity National Financial by 0.4% in the first quarter. First Citizens Bank & Trust Co. now owns 13,894 shares of the financial services provider’s stock worth $541,000 after buying an additional 55 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Fidelity National Financial by 3.1% in the first quarter. Pacer Advisors Inc. now owns 5,772 shares of the financial services provider’s stock worth $225,000 after buying an additional 174 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of Fidelity National Financial by 4.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,527 shares of the financial services provider’s stock worth $238,000 after buying an additional 292 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Fidelity National Financial by 14.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 8,704 shares of the financial services provider’s stock worth $339,000 after buying an additional 1,104 shares in the last quarter. Hedge funds and other institutional investors own 84.21% of the company’s stock.

Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

Shares of Fidelity National Financial, Inc. (NYSE:FNF) traded down 0.27% during midday trading on Tuesday, reaching $43.88. 394,868 shares of the company’s stock were exchanged. The company has a market capitalization of $11.95 billion, a PE ratio of 18.82 and a beta of 0.93. Fidelity National Financial, Inc. has a 1-year low of $31.64 and a 1-year high of $44.07. The firm has a 50-day moving average of $41.93 and a 200-day moving average of $37.97.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.05. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.74 billion. Fidelity National Financial had a return on equity of 10.51% and a net margin of 7.34%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share. Equities analysts expect that Fidelity National Financial, Inc. will post $2.52 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be given a $0.25 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.27%. Fidelity National Financial’s payout ratio is 42.92%.

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A number of brokerages recently issued reports on FNF. Zacks Investment Research upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Monday. Monness Crespi & Hardt increased their target price on shares of Fidelity National Financial from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, May 15th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $38.00 target price on shares of Fidelity National Financial in a research report on Wednesday, April 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Fidelity National Financial currently has an average rating of “Buy” and an average price target of $44.60.

In related news, EVP Peter T. Sadowski sold 17,288 shares of Fidelity National Financial stock in a transaction dated Thursday, March 23rd. The stock was sold at an average price of $38.75, for a total value of $669,910.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael Joseph Nolan sold 80,748 shares of Fidelity National Financial stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $43.52, for a total value of $3,514,152.96. Following the completion of the sale, the president now owns 176,062 shares of the company’s stock, valued at $7,662,218.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 264,074 shares of company stock valued at $10,963,053. Corporate insiders own 5.00% of the company’s stock.

About Fidelity National Financial

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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