Legal & General Group Plc boosted its stake in shares of Fidelity National Financial Inc. (NYSE:FNF) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,128,730 shares of the company’s stock after buying an additional 17,564 shares during the period. Legal & General Group Plc owned about 0.41% of Fidelity National Financial worth $38,262,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. National Pension Service raised its position in Fidelity National Financial by 4.4% in the first quarter. National Pension Service now owns 188,568 shares of the company’s stock valued at $6,392,000 after buying an additional 8,013 shares during the period. Bloom Tree Partners LLC raised its position in Fidelity National Financial by 68.7% in the first quarter. Bloom Tree Partners LLC now owns 2,175,501 shares of the company’s stock valued at $73,749,000 after buying an additional 886,298 shares during the period. AMP Capital Investors Ltd raised its position in Fidelity National Financial by 21.9% in the first quarter. AMP Capital Investors Ltd now owns 383,001 shares of the company’s stock valued at $13,014,000 after buying an additional 68,725 shares during the period. Renaissance Technologies LLC raised its position in Fidelity National Financial by 93.5% in the first quarter. Renaissance Technologies LLC now owns 2,123,715 shares of the company’s stock valued at $71,994,000 after buying an additional 1,026,100 shares during the period. Finally, Bogle Investment Management L P DE purchased a new position in Fidelity National Financial during the first quarter valued at $1,545,000.
Fidelity National Financial Inc. (NYSE:FNF) traded up 0.16% during midday trading on Thursday, hitting $37.77. 590,165 shares of the stock were exchanged. The firm has a 50-day moving average price of $36.29 and a 200-day moving average price of $33.64. The stock has a market cap of $10.27 billion and a P/E ratio of 19.26. Fidelity National Financial Inc. has a one year low of $28.24 and a one year high of $40.25.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.22%.
Several research firms have recently weighed in on FNF. Zacks Investment Research lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday. Barclays PLC reissued an “overweight” rating and issued a $48.00 price target on shares of Fidelity National Financial in a report on Monday. Keefe, Bruyette & Woods lowered shares of Fidelity National Financial from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $38.00 to $39.00 in a report on Monday, July 18th. Finally, Piper Jaffray Cos. boosted their price target on shares of Fidelity National Financial from $38.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, July 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Fidelity National Financial currently has an average rating of “Buy” and a consensus target price of $42.50.
In other news, President Michael Joseph Nolan sold 9,978 shares of the stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $11.34, for a total value of $113,150.52. Following the completion of the sale, the president now directly owns 280 shares of the company’s stock, valued at $3,175.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William P. Foley II sold 461,474 shares of the stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $34.90, for a total value of $16,105,442.60. Following the completion of the sale, the director now directly owns 3,692,310 shares of the company’s stock, valued at $128,861,619. The disclosure for this sale can be found here.
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.
