Fidelity National Financial, Inc. $FNF Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 41.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 545,505 shares of the financial services provider’s stock after acquiring an additional 160,790 shares during the quarter. Teacher Retirement System of Texas owned 0.20% of Fidelity National Financial worth $30,581,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its position in Fidelity National Financial by 38.7% in the 1st quarter. Private Trust Co. NA now owns 738 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 206 shares during the period. Stephens Inc. AR increased its position in shares of Fidelity National Financial by 29.3% during the 2nd quarter. Stephens Inc. AR now owns 180,087 shares of the financial services provider’s stock valued at $10,096,000 after purchasing an additional 40,835 shares during the period. Cerity Partners LLC increased its position in shares of Fidelity National Financial by 39.0% during the 1st quarter. Cerity Partners LLC now owns 51,647 shares of the financial services provider’s stock valued at $3,361,000 after purchasing an additional 14,485 shares during the period. OLD National Bancorp IN increased its position in shares of Fidelity National Financial by 2.5% during the 2nd quarter. OLD National Bancorp IN now owns 171,145 shares of the financial services provider’s stock valued at $9,594,000 after purchasing an additional 4,204 shares during the period. Finally, Focus Partners Advisor Solutions LLC acquired a new position in shares of Fidelity National Financial during the 1st quarter valued at $509,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays reiterated a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Fidelity National Financial in a research report on Wednesday, October 8th. Finally, National Bankshares set a $64.00 price target on Fidelity National Financial in a research report on Monday, October 6th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.83.

Fidelity National Financial Stock Performance

FNF opened at $56.97 on Tuesday. The firm has a market cap of $15.48 billion, a PE ratio of 14.46 and a beta of 1.05. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $58.67 and a 200-day simple moving average of $57.88. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. The business had revenue of $3.17 billion during the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%. As a group, equities analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 50.76%.

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.