Retirement Systems of Alabama Acquires 852 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Retirement Systems of Alabama lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 324,673 shares of the financial services provider’s stock after purchasing an additional 852 shares during the quarter. Retirement Systems of Alabama’s holdings in Fidelity National Financial were worth $17,240,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SWS Partners boosted its stake in Fidelity National Financial by 6.5% in the 1st quarter. SWS Partners now owns 74,132 shares of the financial services provider’s stock valued at $3,936,000 after purchasing an additional 4,553 shares during the period. Woodward Diversified Capital LLC raised its holdings in Fidelity National Financial by 6.4% in the 1st quarter. Woodward Diversified Capital LLC now owns 4,219 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 254 shares in the last quarter. Concord Wealth Partners raised its holdings in Fidelity National Financial by 16.5% in the 1st quarter. Concord Wealth Partners now owns 6,668 shares of the financial services provider’s stock valued at $354,000 after acquiring an additional 945 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Fidelity National Financial by 7.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 78,324 shares of the financial services provider’s stock valued at $4,159,000 after acquiring an additional 5,759 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Fidelity National Financial by 92.5% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 24,075 shares of the financial services provider’s stock valued at $1,278,000 after acquiring an additional 11,570 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the transaction, the director now owns 14,906 shares of the company’s stock, valued at approximately $754,839.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Fidelity National Financial news, CFO Anthony Park sold 85,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the sale, the chief financial officer now owns 99,049 shares in the company, valued at approximately $5,033,670.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the sale, the director now owns 14,906 shares in the company, valued at approximately $754,839.84. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FNF shares. Stephens lifted their price objective on Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Barclays lifted their price objective on Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods dropped their price objective on Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating for the company in a report on Tuesday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $55.40.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock traded down $0.67 during trading on Friday, reaching $48.10. 1,709,951 shares of the company’s stock were exchanged, compared to its average volume of 1,360,251. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21. Fidelity National Financial, Inc. has a 1-year low of $34.96 and a 1-year high of $53.96. The company has a market cap of $13.14 billion, a P/E ratio of 15.86 and a beta of 1.35. The firm’s 50-day moving average price is $50.28 and its 200 day moving average price is $50.33.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period last year, the firm posted $0.52 EPS. Fidelity National Financial’s quarterly revenue was up 33.3% on a year-over-year basis. As a group, research analysts anticipate that Fidelity National Financial, Inc. will post 4.67 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.48 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a yield of 3.99%. Fidelity National Financial’s payout ratio is presently 63.16%.

Fidelity National Financial Company Profile

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 products.