Unigestion Holding SA lessened its holdings in Fidelity National Financial Inc (NYSE:FNF) by 4.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 404,296 shares of the financial services provider’s stock after selling 20,196 shares during the quarter. Unigestion Holding SA owned approximately 0.15% of Fidelity National Financial worth $17,955,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Rockefeller Capital Management L.P. increased its holdings in Fidelity National Financial by 1,534.8% in the second quarter. Rockefeller Capital Management L.P. now owns 752 shares of the financial services provider’s stock valued at $30,000 after buying an additional 706 shares during the last quarter. First Financial Corp IN purchased a new position in Fidelity National Financial in the third quarter valued at $36,000. Griffin Asset Management Inc. purchased a new position in Fidelity National Financial in the second quarter valued at $36,000. Cutler Group LP increased its holdings in Fidelity National Financial by 1,000.0% in the second quarter. Cutler Group LP now owns 1,100 shares of the financial services provider’s stock valued at $44,000 after buying an additional 1,000 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new position in Fidelity National Financial in the second quarter valued at $50,000. 83.01% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FNF stock traded up $0.20 during mid-day trading on Friday, hitting $47.00. 1,035,646 shares of the stock were exchanged, compared to its average volume of 1,208,142. The stock’s fifty day simple moving average is $44.98 and its two-hundred day simple moving average is $42.29. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 17.41 and a beta of 0.83. Fidelity National Financial Inc has a 12-month low of $29.50 and a 12-month high of $47.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.99 and a current ratio of 0.99.
Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.22. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.19 billion. Fidelity National Financial had a return on equity of 17.51% and a net margin of 9.82%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 earnings per share. On average, research analysts expect that Fidelity National Financial Inc will post 3.08 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.33 per share. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, December 16th. This represents a $1.32 annualized dividend and a dividend yield of 2.81%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 45.93%.
In related news, CEO Raymond R. Quirk sold 120,578 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $43.14, for a total transaction of $5,201,734.92. Following the transaction, the chief executive officer now owns 441,865 shares of the company’s stock, valued at $19,062,056.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Anthony Park sold 97,323 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $43.17, for a total value of $4,201,433.91. Following the transaction, the chief financial officer now directly owns 283,475 shares in the company, valued at approximately $12,237,615.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 648,213 shares of company stock worth $28,390,825. Corporate insiders own 6.20% of the company’s stock.
FNF has been the topic of several recent analyst reports. Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Tuesday, October 8th. ValuEngine lowered Fidelity National Financial from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Finally, Keefe, Bruyette & Woods lowered Fidelity National Financial from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $49.00 to $48.00 in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $46.54.
Fidelity National Financial Profile
Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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