Dimensional Fund Advisors LP Grows Position in Fidelity National Financial, Inc. $FNF

Dimensional Fund Advisors LP lifted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 30.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,210,824 shares of the financial services provider’s stock after purchasing an additional 973,891 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Fidelity National Financial were worth $195,287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Windacre Partnership LLC raised its stake in Fidelity National Financial by 31.0% in the 3rd quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock worth $1,143,569,000 after acquiring an additional 4,477,900 shares during the last quarter. State Street Corp grew its stake in Fidelity National Financial by 0.3% during the 3rd quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock valued at $572,782,000 after purchasing an additional 31,318 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Fidelity National Financial by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,353,982 shares of the financial services provider’s stock valued at $510,634,000 after purchasing an additional 193,629 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Fidelity National Financial by 34.5% in the fourth quarter. AQR Capital Management LLC now owns 6,800,697 shares of the financial services provider’s stock valued at $371,250,000 after purchasing an additional 1,743,342 shares during the period. Finally, First Eagle Investment Management LLC increased its holdings in shares of Fidelity National Financial by 0.9% in the fourth quarter. First Eagle Investment Management LLC now owns 6,102,523 shares of the financial services provider’s stock valued at $333,137,000 after purchasing an additional 54,756 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Financial

In other news, EVP Peter T. Sadowski sold 69,196 shares of Fidelity National Financial stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the completion of the transaction, the executive vice president directly owned 5,702 shares of the company’s stock, valued at $260,581.40. The trade was a 92.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.70% of the stock is owned by insiders.

Fidelity National Financial Stock Up 6.2%

Shares of FNF opened at $51.64 on Friday. Fidelity National Financial, Inc. has a 52 week low of $42.78 and a 52 week high of $61.40. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 0.73 and a beta of 0.96. The stock’s 50-day moving average price is $48.36 and its 200-day moving average price is $50.08.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.16). The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The firm’s revenue was up 18.2% on a year-over-year basis. During the same period last year, the business earned $0.78 earnings per share. On average, sell-side analysts predict that Fidelity National Financial, Inc. will post 5.14 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.0%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 75.91%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. National Bank Financial set a $51.00 price target on shares of Fidelity National Financial in a report on Tuesday, July 7th. Barclays lifted their price objective on shares of Fidelity National Financial from $50.00 to $51.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Finally, Stephens reduced their target price on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $56.00.

Fidelity National Financial Company 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.