37,358 Shares in Fidelity National Financial, Inc. (FNF) Purchased by BT Investment Management Ltd

BT Investment Management Ltd purchased a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 37,358 shares of the financial services provider’s stock, valued at approximately $1,690,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiduciary Trust Co. purchased a new stake in shares of Fidelity National Financial during the 2nd quarter valued at about $137,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Fidelity National Financial by 3,739.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,417 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 3,328 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Fidelity National Financial by 3.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,467 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 131 shares during the last quarter. Atria Investments LLC purchased a new stake in shares of Fidelity National Financial during the 2nd quarter valued at about $205,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Fidelity National Financial during the 2nd quarter valued at about $210,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $41.00 price objective on shares of Fidelity National Financial in a research note on Friday, October 20th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $37.00 price objective on shares of Fidelity National Financial in a research note on Sunday, October 29th. Finally, Barclays PLC increased their price objective on shares of Fidelity National Financial from $36.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.17.

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Shares of Fidelity National Financial, Inc. (NYSE:FNF) opened at $37.82 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.17. Fidelity National Financial, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $49.37. The stock has a market cap of $10,449.87, a P/E ratio of 14.74 and a beta of 0.93.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Fidelity National Financial had a net margin of 7.77% and a return on equity of 11.05%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the firm posted $0.69 EPS. The company’s revenue was up 2.0% on a year-over-year basis. equities research analysts anticipate that Fidelity National Financial, Inc. will post 2.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.27 per share. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Thursday, December 14th. Fidelity National Financial’s dividend payout ratio (DPR) is 55.79%.

In other Fidelity National Financial news, insider Brent B. Bickett sold 80,000 shares of Fidelity National Financial stock in a transaction on Monday, September 18th. The shares were sold at an average price of $48.21, for a total transaction of $3,856,800.00. Following the completion of the transaction, the insider now directly owns 584,367 shares of the company’s stock, valued at $28,172,333.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Janet Kerr sold 786 shares of Fidelity National Financial stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $48.41, for a total transaction of $38,050.26. Following the transaction, the director now directly owns 11,817 shares of the company’s stock, valued at $572,060.97. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

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.

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

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