Daiwa Securities Group Inc. Has $902,000 Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Daiwa Securities Group Inc. raised its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNFFree Report) by 5.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,996 shares of the financial services provider’s stock after purchasing an additional 900 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Fidelity National Financial were worth $902,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in FNF. Victory Capital Management Inc. lifted its holdings in Fidelity National Financial by 195.2% during the 4th quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock valued at $217,425,000 after purchasing an additional 2,818,001 shares during the last quarter. Confluence Investment Management LLC acquired a new stake in Fidelity National Financial during the 1st quarter valued at $135,347,000. Norges Bank acquired a new stake in Fidelity National Financial during the 4th quarter valued at $41,212,000. Schroder Investment Management Group lifted its holdings in Fidelity National Financial by 1,029.1% during the 4th quarter. Schroder Investment Management Group now owns 716,554 shares of the financial services provider’s stock valued at $36,559,000 after purchasing an additional 653,091 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in Fidelity National Financial by 182.5% during the 3rd quarter. Citigroup Inc. now owns 926,963 shares of the financial services provider’s stock valued at $38,284,000 after purchasing an additional 598,847 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following 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 Securities & Exchange Commission, which can be accessed through this link. In related news, Director Halim Dhanidina sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the transaction, the director now directly owns 14,906 shares in the company, valued at approximately $754,839.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Anthony Park sold 85,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now owns 99,049 shares of the company’s stock, valued at approximately $5,033,670.18. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Price Performance

Shares of FNF opened at $49.01 on Thursday. Fidelity National Financial, Inc. has a 52-week low of $36.24 and a 52-week high of $53.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21. The business’s 50 day moving average price is $50.14 and its two-hundred day moving average price is $50.31. The firm has a market cap of $13.39 billion, a PE ratio of 16.12 and a beta of 1.35.

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

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.48 per share. The ex-dividend date was Friday, June 14th. This represents a $1.92 annualized dividend and a yield of 3.92%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays lifted their target price 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. StockNews.com raised Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Tuesday. Stephens lifted their price target on Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Finally, Keefe, Bruyette & Woods cut their price objective on Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Fidelity National Financial currently has an average rating of “Moderate Buy” and an average target price of $55.40.

Check Out Our Latest Stock Report on Fidelity National Financial

About Fidelity National Financial

(Free Report)

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.

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

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