Swiss National Bank Has $34.49 Million Position in Fidelity National Financial Inc (FNF)

Swiss National Bank lessened its stake in shares of Fidelity National Financial Inc (NYSE:FNF) by 3.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 876,457 shares of the financial services provider’s stock after selling 30,400 shares during the period. Swiss National Bank’s holdings in Fidelity National Financial were worth $34,489,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FNF. NumerixS Investment Technologies Inc bought a new position in Fidelity National Financial in the 2nd quarter valued at $168,000. Cerebellum GP LLC raised its position in Fidelity National Financial by 100.1% in the 3rd quarter. Cerebellum GP LLC now owns 4,514 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 2,258 shares during the last quarter. Zacks Investment Management bought a new position in Fidelity National Financial in the 2nd quarter valued at $200,000. Park National Corp OH bought a new position in Fidelity National Financial in the 3rd quarter valued at $206,000. Finally, Twin Capital Management Inc. bought a new position in Fidelity National Financial in the 2nd quarter valued at $279,000. Institutional investors and hedge funds own 84.23% of the company’s stock.

FNF stock opened at $32.32 on Friday. The firm has a market cap of $8.90 billion, a PE ratio of 14.24 and a beta of 0.92. Fidelity National Financial Inc has a twelve month low of $31.14 and a twelve month high of $42.52. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, October 24th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. Fidelity National Financial had a return on equity of 16.32% and a net margin of 10.54%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. On average, equities research analysts predict that Fidelity National Financial Inc will post 2.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.71%. Fidelity National Financial’s payout ratio is currently 52.86%.

In other news, Director Cary H. Thompson sold 85,639 shares of the business’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $40.10, for a total transaction of $3,434,123.90. Following the completion of the sale, the director now owns 74,000 shares in the company, valued at $2,967,400. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John D. Rood bought 31,200 shares of the company’s stock in a transaction dated Friday, October 26th. The shares were purchased at an average price of $32.51 per share, with a total value of $1,014,312.00. Following the transaction, the director now owns 43,681 shares of the company’s stock, valued at $1,420,069.31. The disclosure for this purchase can be found here. Insiders own 6.10% of the company’s stock.

Several equities analysts have issued reports on FNF shares. Barclays set a $43.00 price objective on Fidelity National Financial and gave the company a “buy” rating in a research report on Friday, October 26th. Zacks Investment Research upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Monday, August 6th. Finally, ValuEngine upgraded Fidelity National Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $43.40.

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Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries 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 collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.

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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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