Fidelity National Financial, Inc. $FNF Stock Holdings Lessened by California State Teachers Retirement System

California State Teachers Retirement System reduced its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 446,705 shares of the financial services provider’s stock after selling 14,431 shares during the quarter. California State Teachers Retirement System’s holdings in Fidelity National Financial were worth $20,718,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Empowered Funds LLC increased its stake in Fidelity National Financial by 261.4% in the 1st quarter. Empowered Funds LLC now owns 244,586 shares of the financial services provider’s stock valued at $11,344,000 after buying an additional 176,915 shares during the period. The Manufacturers Life Insurance Company lifted its position in Fidelity National Financial by 23.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 201,883 shares of the financial services provider’s stock worth $9,363,000 after buying an additional 38,068 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of Fidelity National Financial by 29.1% during the 1st quarter. Quantinno Capital Management LP now owns 337,391 shares of the financial services provider’s stock valued at $15,648,000 after buying an additional 76,031 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Fidelity National Financial during the 1st quarter valued at $382,000. Finally, JCP Investment Management LLC grew its holdings in shares of Fidelity National Financial by 10.2% during the 1st quarter. JCP Investment Management LLC now owns 376,527 shares of the financial services provider’s stock valued at $17,463,000 after acquiring an additional 35,000 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

FNF stock opened at $51.67 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 0.77 and a beta of 0.96. Fidelity National Financial, Inc. has a 12 month low of $42.78 and a 12 month high of $61.40. The firm has a 50 day moving average of $48.71 and a two-hundred day moving average of $49.98.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.16). The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. As a group, equities analysts anticipate that Fidelity National Financial, Inc. will post 5.11 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio is presently 75.91%.

Analysts Set New Price Targets

FNF has been the topic of a number of research reports. Stephens dropped their price target on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a research report on Thursday, June 11th. Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. National Bank Financial set a $51.00 target price on Fidelity National Financial in a research report on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods cut their price target on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $56.00.

Insider Buying and Selling

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the transaction, the executive vice president directly owned 5,702 shares in the company, valued at $260,581.40. This trade represents a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.70% of the stock is owned by insiders.

Fidelity National Financial Company Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.