Grimes & Company Inc. boosted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) by 7.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 87,086 shares of the financial services provider's stock after purchasing an additional 6,280 shares during the period. Grimes & Company Inc.'s holdings in Fidelity National Financial were worth $3,219,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in shares of Fidelity National Financial by 16.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,385,252 shares of the financial services provider's stock valued at $72,283,000 after buying an additional 200,056 shares during the last quarter. LPL Financial LLC lifted its position in shares of Fidelity National Financial by 7.8% in the fourth quarter. LPL Financial LLC now owns 98,895 shares of the financial services provider's stock valued at $5,160,000 after buying an additional 7,127 shares during the last quarter. Credit Suisse AG lifted its position in shares of Fidelity National Financial by 29.6% in the fourth quarter. Credit Suisse AG now owns 411,298 shares of the financial services provider's stock valued at $21,461,000 after buying an additional 93,836 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Fidelity National Financial by 4.3% in the fourth quarter. Alliancebernstein L.P. now owns 480,533 shares of the financial services provider's stock valued at $25,074,000 after buying an additional 19,907 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its position in shares of Fidelity National Financial by 29.0% in the fourth quarter. Guggenheim Capital LLC now owns 56,257 shares of the financial services provider's stock valued at $2,936,000 after buying an additional 12,650 shares during the last quarter. 78.12% of the stock is owned by institutional investors and hedge funds.
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Fidelity National Financial Price Performance
Fidelity National Financial stock traded up $0.84 during mid-day trading on Monday, reaching $37.04. 17,124 shares of the company were exchanged, compared to its average volume of 1,973,832. The company has a fifty day simple moving average of $39.29 and a 200-day simple moving average of $40.50. Fidelity National Financial, Inc. has a 12 month low of $34.51 and a 12 month high of $56.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a market cap of $10.23 billion, a PE ratio of 5.02 and a beta of 1.32.
Fidelity National Financial (NYSE:FNF – Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The financial services provider reported $1.90 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.27. Fidelity National Financial had a return on equity of 25.38% and a net
margin of 14.11%. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $3.30 billion. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 6.15 earnings per share for the current fiscal year.
Fidelity National Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, September 15th. This represents a $1.76 dividend on an annualized basis and a yield of 4.75%. Fidelity National Financial's dividend payout ratio (DPR) is presently 24.41%.
Insiders Place Their Bets
In other news, EVP Peter T. Sadowski sold 22,500 shares of Fidelity National Financial stock in a transaction on Friday, August 19th. The stock was sold at an average price of $40.85, for a total value of $919,125.00. Following the transaction, the executive vice president now owns 105,898 shares in the company, valued at approximately $4,325,933.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Peter T. Sadowski sold 22,500 shares of Fidelity National Financial stock in a transaction on Friday, August 19th. The stock was sold at an average price of $40.85, for a total value of $919,125.00. Following the transaction, the executive vice president now owns 105,898 shares in the company, valued at approximately $4,325,933.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Peter O. Shea, Jr. sold 13,389 shares of Fidelity National Financial stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $40.83, for a total value of $546,672.87. Following the completion of the transaction, the director now owns 200,642 shares in the company, valued at approximately $8,192,212.86. The disclosure for this sale can be found here. Insiders have sold a total of 49,552 shares of company stock worth $2,012,455 in the last 90 days. Company insiders own 5.10% of the company's stock.
Analysts Set New Price Targets
Several analysts recently weighed in on FNF shares. Barclays lifted their price target on Fidelity National Financial from $66.00 to $68.00 and gave the stock an "overweight" rating in a report on Thursday, August 4th. Stephens dropped their price target on Fidelity National Financial from $52.00 to $49.00 and set an "overweight" rating for the company in a report on Monday, September 26th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $59.50.
Fidelity National Financial Profile
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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 insurance.
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