Fidelity National Financial, Inc. (FNF) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 374.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,938 shares of the financial services provider’s stock after acquiring an additional 21,255 shares during the quarter. Teacher Retirement System of Texas’ holdings in Fidelity National Financial were worth $1,278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Chevy Chase Trust Holdings Inc. lifted its holdings in Fidelity National Financial by 0.7% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 7,143 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 53 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Fidelity National Financial by 0.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 6,051 shares of the financial services provider’s stock valued at $271,000 after acquiring an additional 56 shares during the last quarter. Bessemer Group Inc. lifted its stake in Fidelity National Financial by 0.3% during the second quarter. Bessemer Group Inc. now owns 23,419 shares of the financial services provider’s stock valued at $1,050,000 after buying an additional 67 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in Fidelity National Financial by 3.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,467 shares of the financial services provider’s stock valued at $155,000 after buying an additional 131 shares in the last quarter. Finally, Shell Asset Management Co. lifted its stake in Fidelity National Financial by 0.6% during the second quarter. Shell Asset Management Co. now owns 32,341 shares of the financial services provider’s stock valued at $1,450,000 after buying an additional 200 shares in the last quarter. 82.28% of the stock is owned by institutional investors.

Fidelity National Financial, Inc. (NYSE FNF) opened at $40.49 on Wednesday. The firm has a market capitalization of $10,865.89, a PE ratio of 15.33 and a beta of 0.93. Fidelity National Financial, Inc. has a twelve month low of $22.83 and a twelve month high of $40.50. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.17.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. Fidelity National Financial had a return on equity of 11.05% and a net margin of 7.77%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. sell-side analysts forecast that Fidelity National Financial, Inc. will post 2.41 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.27 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.25. The ex-dividend date is Thursday, December 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.67%. Fidelity National Financial’s dividend payout ratio is currently 55.79%.

A number of research firms have commented on FNF. Zacks Investment Research lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. ValuEngine raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $41.00 price objective on shares of Fidelity National Financial in a research note on Friday, October 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $37.00 price objective on shares of Fidelity National Financial in a research note on Sunday, October 29th. Finally, Barclays PLC upped their price objective on shares of Fidelity National Financial from $36.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $44.17.

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In related news, Director Janet Kerr sold 786 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $48.41, for a total value of $38,050.26. Following the transaction, the director now owns 11,817 shares in the company, valued at $572,060.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brent B. Bickett sold 80,000 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $48.21, for a total value of $3,856,800.00. Following the completion of the transaction, the insider now owns 584,367 shares in the company, valued at approximately $28,172,333.07. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.

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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