Fidelity National Financial, Inc. (FNF) Position Maintained by Employees Retirement System of Texas

Employees Retirement System of Texas continued to hold its stake in Fidelity National Financial, Inc. (NYSE:FNF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,000 shares of the financial services provider’s stock at the close of the 2nd quarter. Employees Retirement System of Texas’ holdings in Fidelity National Financial were worth $2,421,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Fidelity National Financial by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 22,037,492 shares of the financial services provider’s stock worth $987,941,000 after purchasing an additional 413,840 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Fidelity National Financial by 65.0% during the 2nd quarter. Principal Financial Group Inc. now owns 17,770,127 shares of the financial services provider’s stock worth $796,636,000 after purchasing an additional 7,000,057 shares during the period. BlackRock Inc. grew its holdings in shares of Fidelity National Financial by 4,066.1% during the 1st quarter. BlackRock Inc. now owns 14,703,507 shares of the financial services provider’s stock worth $572,554,000 after purchasing an additional 14,350,573 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Fidelity National Financial by 28.0% during the 2nd quarter. Alliancebernstein L.P. now owns 5,965,608 shares of the financial services provider’s stock worth $267,438,000 after purchasing an additional 1,303,871 shares during the period. Finally, State Street Corp grew its holdings in shares of Fidelity National Financial by 3.5% during the 1st quarter. State Street Corp now owns 5,895,407 shares of the financial services provider’s stock worth $229,573,000 after purchasing an additional 198,219 shares during the period. Institutional investors and hedge funds own 82.09% of the company’s stock.

Shares of Fidelity National Financial, Inc. (NYSE FNF) opened at 34.44 on Wednesday. The stock has a market cap of $9.40 billion, a PE ratio of 15.02 and a beta of 0.91. The stock’s 50 day moving average price is $34.33 and its 200-day moving average price is $31.98. Fidelity National Financial, Inc. has a one year low of $22.84 and a one year high of $35.65.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.03. Fidelity National Financial had a return on equity of 10.41% and a net margin of 7.49%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the business earned $0.74 EPS. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts predict that Fidelity National Financial, Inc. will post $2.47 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which was paid on Monday, October 2nd. Investors of record on Monday, October 2nd were paid a $30.66 dividend. The ex-dividend date of this dividend was Monday, October 2nd. Fidelity National Financial’s payout ratio is 56.77%.

In related news, EVP Peter T. Sadowski sold 133,215 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $47.53, for a total value of $6,331,708.95. Following the transaction, the executive vice president now directly owns 89,575 shares of the company’s stock, valued at approximately $4,257,499.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Janet Kerr sold 786 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $48.41, for a total value of $38,050.26. Following the completion of the transaction, the director now directly owns 11,817 shares in the company, valued at $572,060.97. The disclosure for this sale can be found here. Insiders sold a total of 214,001 shares of company stock worth $10,226,559 over the last three months. 5.00% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on FNF. Zacks Investment Research cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Barclays PLC boosted their target price on Fidelity National Financial from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Monday, July 3rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $46.60.

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Fidelity National Financial 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.

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

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