State Board of Administration of Florida Retirement System Purchases 23,358 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

State Board of Administration of Florida Retirement System increased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 7.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 327,206 shares of the financial services provider’s stock after acquiring an additional 23,358 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.12% of Fidelity National Financial worth $17,375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FNF. V Square Quantitative Management LLC bought a new position in shares of Fidelity National Financial in the fourth quarter worth $27,000. Mather Group LLC. purchased a new position in Fidelity National Financial during the first quarter worth about $31,000. Salomon & Ludwin LLC increased its stake in Fidelity National Financial by 231.0% in the 1st quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 425 shares during the last quarter. MCF Advisors LLC raised its holdings in shares of Fidelity National Financial by 116.0% in the 1st quarter. MCF Advisors LLC now owns 674 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 362 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Fidelity National Financial during the 4th quarter valued at about $44,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Anthony Park sold 85,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $5,033,670.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Anthony Park sold 85,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 99,049 shares of the company’s stock, valued at $5,033,670.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Halim Dhanidina sold 3,000 shares of Fidelity National Financial stock in a transaction 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 in the company, valued at approximately $754,839.84. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

Fidelity National Financial Trading Down 0.6 %

FNF traded down $0.30 on Friday, hitting $53.01. 121,620 shares of the company were exchanged, compared to its average volume of 1,331,394. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a fifty day simple moving average of $50.28 and a two-hundred day simple moving average of $50.41. The stock has a market capitalization of $14.48 billion, a PE ratio of 17.54 and a beta of 1.35. Fidelity National Financial, Inc. has a 12 month low of $37.10 and a 12 month high of $55.37.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the prior year, the business posted $0.52 EPS. The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. Sell-side analysts expect that Fidelity National Financial, Inc. will post 4.67 earnings per share for the current 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 $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Friday, June 14th. Fidelity National Financial’s payout ratio 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.