Fidelity National Financial, Inc. $FNF Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 7.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,035 shares of the financial services provider’s stock after acquiring an additional 4,895 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Fidelity National Financial were worth $3,758,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FNF. Gilbert & Cook Inc. increased its holdings in shares of Fidelity National Financial by 3.0% during the 1st quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 168 shares in the last quarter. Journey Strategic Wealth LLC grew its position in Fidelity National Financial by 1.2% during the first quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider’s stock valued at $943,000 after buying an additional 175 shares during the period. Commerce Bank grew its position in Fidelity National Financial by 3.1% during the first quarter. Commerce Bank now owns 5,977 shares of the financial services provider’s stock valued at $389,000 after buying an additional 177 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in Fidelity National Financial by 0.6% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 31,651 shares of the financial services provider’s stock valued at $2,060,000 after buying an additional 197 shares in the last quarter. Finally, Islay Capital Management LLC raised its position in shares of Fidelity National Financial by 2.3% in the second quarter. Islay Capital Management LLC now owns 8,865 shares of the financial services provider’s stock worth $497,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling at Fidelity National Financial

In related news, Director Daniel D. Lane sold 6,367 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $57.63, for a total value of $366,930.21. Following the completion of the sale, the director owned 276,308 shares of the company’s stock, valued at approximately $15,923,630.04. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FNF has been the topic of several recent analyst reports. National Bankshares set a $64.00 target price on shares of Fidelity National Financial in a research note on Monday, October 6th. Keefe, Bruyette & Woods increased their price target on Fidelity National Financial from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, November 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Thursday, November 13th. Stephens assumed coverage on Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating on the stock. Finally, Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Fidelity National Financial currently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

Fidelity National Financial Trading Up 1.0%

Shares of Fidelity National Financial stock opened at $57.76 on Wednesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72. The firm has a market capitalization of $15.66 billion, a PE ratio of 14.66 and a beta of 1.05. The firm’s 50-day moving average price is $57.58 and its 200 day moving average price is $57.22.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS 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%. On average, sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be paid a $0.52 dividend. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. Fidelity National Financial’s dividend payout ratio is 48.37%.

Fidelity National Financial 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.