Fidelity National Financial, Inc. (NYSE:FNF) Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System raised its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 445,924 shares of the financial services provider’s stock after buying an additional 10,997 shares during the period. California State Teachers Retirement System’s holdings in Fidelity National Financial were worth $23,679,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in Fidelity National Financial during the fourth quarter valued at approximately $27,000. Covestor Ltd raised its stake in shares of Fidelity National Financial by 109.0% during the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 303 shares during the period. Salomon & Ludwin LLC raised its stake in shares of Fidelity National Financial by 231.0% during the first quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 425 shares during the period. Mather Group LLC. purchased a new stake in shares of Fidelity National Financial during the first quarter valued at approximately $31,000. Finally, MCF Advisors LLC raised its stake in shares of Fidelity National Financial by 116.0% during the first quarter. MCF Advisors LLC now owns 674 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 362 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Down 0.6 %

Shares of NYSE FNF traded down $0.32 during mid-day trading on Thursday, reaching $55.09. The company had a trading volume of 82,059 shares, compared to its average volume of 1,310,952. The stock has a fifty day moving average of $50.69 and a two-hundred day moving average of $50.73. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market capitalization of $15.05 billion, a price-to-earnings ratio of 18.60 and a beta of 1.35. Fidelity National Financial, Inc. has a 12-month low of $37.10 and a 12-month high of $56.95.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.08). Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same quarter last year, the business earned $0.52 EPS. The company’s revenue for the quarter was up 33.3% on a year-over-year basis. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 4.67 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.49%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 63.16%.

Insider Buying and Selling

In related news, CFO Anthony Park sold 85,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the transaction, the chief financial officer now directly owns 99,049 shares of the company’s stock, valued at $5,033,670.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on FNF. Stephens lifted their price target on shares of Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating for the company in a research note on Tuesday, July 2nd. Barclays lifted their price target on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Finally, StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $55.40.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.