Mutual of America Capital Management LLC Trims Position in Fidelity National Financial, Inc. (NYSE:FNF)

Mutual of America Capital Management LLC decreased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 3.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 154,057 shares of the financial services provider’s stock after selling 5,720 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of Fidelity National Financial worth $8,180,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FNF. First Eagle Investment Management LLC grew its position in shares of Fidelity National Financial by 2.9% during the fourth quarter. First Eagle Investment Management LLC now owns 6,113,602 shares of the financial services provider’s stock worth $311,916,000 after purchasing an additional 171,521 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Fidelity National Financial by 195.2% during the fourth quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock valued at $217,425,000 after buying an additional 2,818,001 shares during the last quarter. Confluence Investment Management LLC purchased a new position in shares of Fidelity National Financial in the first quarter worth $135,347,000. Legal & General Group Plc boosted its position in shares of Fidelity National Financial by 6.4% during the third quarter. Legal & General Group Plc now owns 1,930,540 shares of the financial services provider’s stock worth $79,731,000 after acquiring an additional 116,393 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its stake in Fidelity National Financial by 14.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,570,956 shares of the financial services provider’s stock valued at $80,150,000 after acquiring an additional 193,050 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

In other news, CFO Anthony Park sold 85,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the sale, the chief financial officer now directly owns 99,049 shares in the company, valued at $5,033,670.18. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Halim Dhanidina sold 3,000 shares of Fidelity National Financial stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the sale, the director now owns 14,906 shares of the company’s stock, valued at $754,839.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Anthony Park sold 85,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the transaction, the chief financial officer now directly owns 99,049 shares in the company, valued at approximately $5,033,670.18. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Stephens increased their price objective on shares of Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Keefe, Bruyette & Woods cut their price target on Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating for the company in a report on Tuesday, July 2nd. Finally, Barclays lifted their price objective on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Hold” and an average price target of $55.40.

Fidelity National Financial Trading Up 0.4 %

Shares of NYSE:FNF traded up $0.19 during trading on Monday, reaching $48.29. The company’s stock had a trading volume of 1,245,950 shares, compared to its average volume of 1,359,367. The firm’s 50 day simple moving average is $50.19 and its two-hundred day simple moving average is $50.34. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12 month low of $35.84 and a 12 month high of $53.96. The stock has a market capitalization of $13.19 billion, a PE ratio of 15.88 and a beta of 1.35.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter last year, the firm posted $0.52 EPS. Fidelity National Financial’s revenue for the quarter was up 33.3% compared to the same quarter last year. On average, research analysts predict that Fidelity National Financial, Inc. will post 4.67 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Friday, June 14th. Fidelity National Financial’s dividend payout ratio (DPR) is 63.16%.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.