TPG Group Holdings SBS Advisors Inc. Acquires 253,079 Shares of Fidelity National Financial, Inc. (FNF)

TPG Group Holdings SBS Advisors Inc. raised its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 13.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,131,584 shares of the financial services provider’s stock after buying an additional 253,079 shares during the period. Fidelity National Financial makes up 1.0% of TPG Group Holdings SBS Advisors Inc.’s portfolio, making the stock its 14th largest position. TPG Group Holdings SBS Advisors Inc. owned approximately 0.78% of Fidelity National Financial worth $83,004,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Lincoln National Corp increased its stake in shares of Fidelity National Financial by 0.6% in the first quarter. Lincoln National Corp now owns 6,951 shares of the financial services provider’s stock valued at $271,000 after buying an additional 39 shares during the period. First Citizens Bank & Trust Co. increased its stake in shares of Fidelity National Financial by 0.4% in the first quarter. First Citizens Bank & Trust Co. now owns 13,894 shares of the financial services provider’s stock valued at $541,000 after buying an additional 55 shares during the period. Gotham Asset Management LLC increased its stake in shares of Fidelity National Financial by 1.6% in the first quarter. Gotham Asset Management LLC now owns 9,599 shares of the financial services provider’s stock valued at $374,000 after buying an additional 155 shares during the period. Pacer Advisors Inc. increased its stake in shares of Fidelity National Financial by 3.1% in the first quarter. Pacer Advisors Inc. now owns 5,772 shares of the financial services provider’s stock valued at $225,000 after buying an additional 174 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of Fidelity National Financial by 4.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,527 shares of the financial services provider’s stock valued at $238,000 after buying an additional 292 shares during the period. Institutional investors and hedge funds own 84.21% of the company’s stock.

Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

Shares of Fidelity National Financial, Inc. (FNF) traded down 0.36% during midday trading on Tuesday, reaching $43.84. 679,677 shares of the company were exchanged. The company’s 50-day moving average price is $41.93 and its 200 day moving average price is $37.97. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 18.80 and a beta of 0.93. Fidelity National Financial, Inc. has a 52-week low of $31.64 and a 52-week high of $44.07.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, May 3rd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.74 billion. Fidelity National Financial had a net margin of 7.34% and a return on equity of 10.51%. Fidelity National Financial’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. On average, equities analysts predict that Fidelity National Financial, Inc. will post $2.52 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Wednesday, June 14th. Fidelity National Financial’s payout ratio is 42.92%.

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Several brokerages have recently weighed in on FNF. Monness Crespi & Hardt increased their target price on shares of Fidelity National Financial from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, May 15th. Zacks Investment Research upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Monday, May 29th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $38.00 price objective on shares of Fidelity National Financial in a research report on Wednesday, April 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $44.60.

In other news, CFO Anthony Park sold 138,941 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $41.28, for a total value of $5,735,484.48. Following the completion of the sale, the chief financial officer now directly owns 228,280 shares of the company’s stock, valued at approximately $9,423,398.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Michael Joseph Nolan sold 80,748 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $43.52, for a total transaction of $3,514,152.96. Following the completion of the sale, the president now directly owns 176,062 shares of the company’s stock, valued at $7,662,218.24. The disclosure for this sale can be found here. Insiders have sold a total of 264,074 shares of company stock valued at $10,963,053 over the last three months. 5.00% of the stock is currently owned by company insiders.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.

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