Osaic Holdings Inc. Buys 41,999 Shares of Fidelity National Financial, Inc. $FNF

Osaic Holdings Inc. grew its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 141.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,747 shares of the financial services provider’s stock after purchasing an additional 41,999 shares during the period. Osaic Holdings Inc.’s holdings in Fidelity National Financial were worth $4,408,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV lifted its position 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 worth $2,060,000 after buying an additional 197 shares during the last quarter. Islay Capital Management LLC raised its stake 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 valued at $497,000 after acquiring an additional 200 shares during the period. PenderFund Capital Management Ltd. raised its stake in shares of Fidelity National Financial by 9.2% in the first quarter. PenderFund Capital Management Ltd. now owns 2,466 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 208 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Fidelity National Financial by 7.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,504 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 249 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Fidelity National Financial by 7.7% during the 2nd quarter. Fisher Asset Management LLC now owns 3,633 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 260 shares during the period. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Up 0.5%

FNF opened at $54.98 on Thursday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.47. The stock’s fifty day moving average is $57.03 and its two-hundred day moving average is $57.37. The company has a market capitalization of $15.46 billion, a P/E ratio of 13.26 and a beta of 1.01. Fidelity National Financial, Inc. has a 52 week low of $50.61 and a 52 week high of $66.72.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. The business had revenue of $3.17 billion for the quarter. Fidelity National Financial had a return on equity of 15.06% and a net margin of 8.34%. Analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be issued a $0.52 dividend. The ex-dividend date is Wednesday, December 17th. This represents a $2.08 annualized dividend and a dividend yield of 3.8%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s dividend payout ratio (DPR) is presently 50.12%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FNF. National Bankshares set a $72.00 price objective on shares of Fidelity National Financial in a research report on Thursday, December 18th. Barclays reiterated a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Fidelity National Financial in a research note on Monday, December 15th. Keefe, Bruyette & Woods upped their price objective on Fidelity National Financial from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Finally, Wall Street Zen upgraded Fidelity National Financial from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $72.00.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Daniel D. Lane sold 6,367 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $57.63, for a total transaction of $366,930.21. Following the transaction, the director directly owned 276,308 shares in the company, 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 is accessible through this link. Insiders own 5.50% of the company’s stock.

Fidelity National Financial Profile

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.