New York State Teachers Retirement System Buys 7,508 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

New York State Teachers Retirement System boosted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,082 shares of the financial services provider’s stock after acquiring an additional 7,508 shares during the period. New York State Teachers Retirement System’s holdings in Fidelity National Financial were worth $5,514,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky bought a new stake in Fidelity National Financial in the third quarter valued at approximately $2,778,000. CENTRAL TRUST Co boosted its holdings in Fidelity National Financial by 30.0% in the fourth quarter. CENTRAL TRUST Co now owns 2,230 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 515 shares during the last quarter. AustralianSuper Pty Ltd boosted its holdings in Fidelity National Financial by 14.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,570,956 shares of the financial services provider’s stock valued at $80,150,000 after acquiring an additional 193,050 shares during the last quarter. FMR LLC boosted its holdings in Fidelity National Financial by 5.0% in the third quarter. FMR LLC now owns 513,836 shares of the financial services provider’s stock valued at $21,221,000 after acquiring an additional 24,469 shares during the last quarter. Finally, Pathstone Family Office LLC boosted its holdings in Fidelity National Financial by 172.4% in the third quarter. Pathstone Family Office LLC now owns 27,380 shares of the financial services provider’s stock valued at $1,131,000 after acquiring an additional 17,329 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Insider Activity at Fidelity National Financial

In related news, Director Daniel D. Lane sold 6,131 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $48.19, for a total value of $295,452.89. Following the completion of the sale, the director now directly owns 271,495 shares of the company’s stock, valued at approximately $13,083,344.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Daniel D. Lane sold 6,131 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $48.19, for a total value of $295,452.89. Following the completion of the sale, the director now directly owns 271,495 shares of the company’s stock, valued at approximately $13,083,344.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Cary H. Thompson sold 23,410 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $51.11, for a total value of $1,196,485.10. Following the sale, the director now directly owns 40,317 shares of the company’s stock, valued at $2,060,601.87. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on FNF shares. Keefe, Bruyette & Woods upped their target price on Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft initiated coverage on Fidelity National Financial in a report on Wednesday, January 10th. They set a “hold” rating on the stock. Barclays increased their price target on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Finally, Truist Financial increased their price target on Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $54.20.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $48.61 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.52. Fidelity National Financial, Inc. has a twelve month low of $32.02 and a twelve month high of $53.96. The stock’s 50 day moving average is $51.11 and its 200-day moving average is $47.23. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of 25.45 and a beta of 1.34.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.27). The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $2.80 billion. Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. During the same period in the previous year, the company earned $1.06 earnings per share. Sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.81 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Thursday, March 14th. Fidelity National Financial’s payout ratio is currently 100.52%.

About Fidelity National Financial

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.