Mirae Asset Global Investments Co. Ltd. Purchases 56,988 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Mirae Asset Global Investments Co. Ltd. increased its position in Fidelity National Financial, Inc. (NYSE:FNFFree Report) by 134.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,388 shares of the financial services provider’s stock after acquiring an additional 56,988 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Fidelity National Financial were worth $5,278,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Retirement Systems of Alabama boosted its position in shares of Fidelity National Financial by 0.3% in the first quarter. Retirement Systems of Alabama now owns 324,673 shares of the financial services provider’s stock valued at $17,240,000 after acquiring an additional 852 shares during the period. SWS Partners lifted its position in Fidelity National Financial by 6.5% during the first 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 last quarter. Woodward Diversified Capital LLC lifted its position in Fidelity National Financial by 6.4% during the first quarter. Woodward Diversified Capital LLC now owns 4,219 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 254 shares during the last quarter. Concord Wealth Partners lifted its position in Fidelity National Financial by 16.5% during the first quarter. Concord Wealth Partners now owns 6,668 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 945 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Fidelity National Financial by 7.9% during the first quarter. Commonwealth Equity Services LLC now owns 78,324 shares of the financial services provider’s stock valued at $4,159,000 after purchasing an additional 5,759 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FNF has been the subject of several research analyst reports. StockNews.com upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research report on Tuesday. Keefe, Bruyette & Woods dropped their target price on shares of Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating for the company in a research report on Tuesday, July 2nd. Barclays lifted their target price on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Stephens lifted their price target on shares of Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.40.

Get Our Latest Analysis on FNF

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 3,000 shares of Fidelity National Financial stock in a transaction on Friday, April 26th. The shares were sold at an average price of $50.64, for a total value of $151,920.00. Following the transaction, the director now directly owns 14,906 shares of the company’s stock, valued at $754,839.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Anthony Park sold 85,000 shares of Fidelity National Financial stock in a transaction on Tuesday, June 4th. The shares were 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 $5,033,670.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Halim Dhanidina sold 3,000 shares of Fidelity National Financial stock in a transaction on Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction 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. 5.20% of the stock is owned by insiders.

Fidelity National Financial Trading Up 1.9 %

FNF stock opened at $49.01 on Thursday. The company has a market capitalization of $13.39 billion, a PE ratio of 16.12 and a beta of 1.35. Fidelity National Financial, Inc. has a one year low of $36.24 and a one year high of $53.96. The company’s 50 day moving average price is $50.14 and its two-hundred day moving average price is $50.31. 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 (NYSE:FNFGet Free Report) last issued its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the previous year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 33.3% compared to the same quarter last year. As a group, analysts predict that Fidelity National Financial, Inc. will post 4.67 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Friday, June 14th. Fidelity National Financial’s payout ratio is 63.16%.

Fidelity National Financial Company Profile

(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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