Nissay Asset Management Corp Japan ADV boosted its holdings in Fidelity National Financial Inc (NYSE:FNF) by 4.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 27,895 shares of the financial services provider’s stock after acquiring an additional 1,181 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Fidelity National Financial were worth $855,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in FNF. Sawgrass Asset Management LLC bought a new position in Fidelity National Financial in the second quarter valued at about $339,000. Cubic Asset Management LLC bought a new position in Fidelity National Financial in the second quarter valued at about $253,000. Dupont Capital Management Corp raised its position in Fidelity National Financial by 23.0% in the second quarter. Dupont Capital Management Corp now owns 443,380 shares of the financial services provider’s stock valued at $13,594,000 after purchasing an additional 82,762 shares during the last quarter. World Asset Management Inc raised its position in shares of Fidelity National Financial by 6.5% during the second quarter. World Asset Management Inc now owns 8,999 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 547 shares during the last quarter. Finally, XTX Markets LLC bought a new position in shares of Fidelity National Financial during the second quarter worth about $229,000. 73.34% of the stock is currently owned by institutional investors and hedge funds.
Shares of FNF stock opened at $32.36 on Friday. The company has a market cap of $9.68 billion, a P/E ratio of 8.75 and a beta of 1.28. The stock has a 50 day simple moving average of $31.52 and a two-hundred day simple moving average of $33.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.04 and a current ratio of 1.04. Fidelity National Financial Inc has a fifty-two week low of $19.00 and a fifty-two week high of $49.28.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.32 dividend on an annualized basis and a yield of 4.08%. Fidelity National Financial’s payout ratio is currently 38.94%.
In other Fidelity National Financial news, COO Roger S. Jewkes sold 1,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $33.92, for a total transaction of $33,920.00. Following the transaction, the chief operating officer now owns 133,026 shares in the company, valued at $4,512,241.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Peter T. Sadowski sold 25,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $33.80, for a total transaction of $845,000.00. Following the transaction, the executive vice president now owns 605,536 shares in the company, valued at approximately $20,467,116.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 282,181 shares of company stock valued at $9,230,421. 5.80% of the stock is currently owned by corporate insiders.
A number of brokerages have recently issued reports on FNF. Compass Point downgraded Fidelity National Financial from a “buy” rating to a “neutral” rating and set a $29.00 price objective for the company. in a research report on Monday, April 20th. SunTrust Banks raised their price objective on Fidelity National Financial from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Zacks Investment Research upgraded Fidelity National Financial from a “hold” rating to a “strong-buy” rating and set a $35.00 target price for the company in a report on Wednesday, July 1st. Finally, Keefe, Bruyette & Woods lifted their target price on Fidelity National Financial from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $35.00.
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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