Arrowstreet Capital Limited Partnership Has $62.42 Million Stock Position in Fidelity National Financial, Inc. $FNF

Arrowstreet Capital Limited Partnership grew its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 12.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,345,756 shares of the financial services provider’s stock after buying an additional 144,966 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Fidelity National Financial were worth $62,416,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Caxton Associates LLP bought a new position in Fidelity National Financial in the first quarter valued at about $259,000. MWA Asset Management bought a new stake in shares of Fidelity National Financial during the first quarter worth about $1,606,000. First Trust Advisors LP grew its holdings in shares of Fidelity National Financial by 20.2% during the first quarter. First Trust Advisors LP now owns 1,148,920 shares of the financial services provider’s stock worth $53,287,000 after purchasing an additional 192,854 shares during the last quarter. Oslo Pensjonsforsikring AS acquired a new position in shares of Fidelity National Financial in the first quarter valued at approximately $178,000. Finally, Commerzbank Aktiengesellschaft FI increased its stake in shares of Fidelity National Financial by 31.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 18,615 shares of the financial services provider’s stock valued at $863,000 after buying an additional 4,441 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. National Bank Financial set a $51.00 price objective on shares of Fidelity National Financial in a report on Tuesday, July 7th. Stephens decreased their price target on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Barclays raised their price target on shares of Fidelity National Financial from $50.00 to $51.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.00.

Fidelity National Financial Stock Performance

Shares of FNF opened at $51.64 on Monday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $13.90 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 0.77 and a beta of 0.96. The firm’s fifty day simple moving average is $48.36 and its two-hundred day simple moving average is $50.05. Fidelity National Financial, Inc. has a 12 month low of $42.78 and a 12 month high of $61.40.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates 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 was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 earnings per share. As a group, analysts predict that Fidelity National Financial, Inc. will post 5.14 EPS for the current year.

Fidelity National Financial Dividend Announcement

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

Insiders Place Their Bets

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of Fidelity National Financial stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of the sale, the executive vice president directly owned 5,702 shares in the company, valued at approximately $260,581.40. The trade was a 92.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.70% of the company’s stock.

Fidelity National Financial 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.