Fidelity National Financial, Inc. $FNF Stake Increased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 23.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 201,883 shares of the financial services provider’s stock after buying an additional 38,068 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Fidelity National Financial were worth $9,363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of FNF. Quantinno Capital Management LP lifted its stake in Fidelity National Financial by 29.1% in the 1st quarter. Quantinno Capital Management LP now owns 337,391 shares of the financial services provider’s stock worth $15,648,000 after acquiring an additional 76,031 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Fidelity National Financial in the 1st quarter valued at about $382,000. JCP Investment Management LLC increased its holdings in shares of Fidelity National Financial by 10.2% in 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 purchasing an additional 35,000 shares during the period. OMERS ADMINISTRATION Corp lifted its position in shares of Fidelity National Financial by 27.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 11,804 shares of the financial services provider’s stock worth $547,000 after purchasing an additional 2,568 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Fidelity National Financial in the first quarter worth approximately $3,520,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fidelity National Financial

In other news, EVP Peter T. Sadowski sold 69,196 shares of the firm’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the transaction, the executive vice president owned 5,702 shares in the company, valued at approximately $260,581.40. This trade represents a 92.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.70% of the company’s stock.

Fidelity National Financial Stock Up 0.1%

Shares of Fidelity National Financial stock opened at $51.65 on Tuesday. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 0.77 and a beta of 0.95. The stock has a 50-day simple moving average of $48.77 and a 200-day simple moving average of $49.96. Fidelity National Financial, Inc. has a 52-week low of $42.78 and a 52-week high of $61.40. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). The firm had revenue of $3.23 billion during 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 company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 EPS. On average, equities research analysts expect that Fidelity National Financial, Inc. will post 5.11 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on FNF shares. Stephens lowered their price objective on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. National Bank Financial set a $51.00 target price on shares of Fidelity National Financial in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods decreased their target price on shares of 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. Zacks Research cut shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $56.00.

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.