Arrowstreet Capital Limited Partnership Grows Stock Holdings in Fidelity National Financial, Inc. $FNF

Arrowstreet Capital Limited Partnership boosted its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 55.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 945,861 shares of the financial services provider’s stock after buying an additional 337,807 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.35% of Fidelity National Financial worth $53,025,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Commerce Bank increased its holdings in shares of Fidelity National Financial by 3.1% in the 1st quarter. Commerce Bank now owns 5,977 shares of the financial services provider’s stock valued at $389,000 after acquiring an additional 177 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in Fidelity National Financial by 80.0% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 208 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Fidelity National Financial by 0.4% in the first quarter. Vanguard Group Inc. now owns 27,174,914 shares of the financial services provider’s stock valued at $1,768,543,000 after purchasing an additional 120,595 shares in the last quarter. ASR Vermogensbeheer N.V. purchased a new position in Fidelity National Financial in the first quarter valued at approximately $495,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Fidelity National Financial by 7.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider’s stock valued at $585,785,000 after purchasing an additional 588,113 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Trading Up 0.2%

NYSE:FNF opened at $58.30 on Friday. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a fifty day moving average price of $57.40 and a two-hundred day moving average price of $57.15. The stock has a market capitalization of $15.81 billion, a price-to-earnings ratio of 13.56 and a beta of 1.01.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. The business had revenue of $3.17 billion for the quarter. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. As a group, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, December 17th. Fidelity National Financial’s dividend payout ratio is 46.51%.

Insider Activity

In other news, Director Daniel D. Lane sold 6,367 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $57.63, for a total transaction of $366,930.21. Following the sale, the director owned 276,308 shares of the company’s stock, valued at $15,923,630.04. The trade was a 2.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FNF. Weiss Ratings restated a “buy (b)” rating on shares of Fidelity National Financial in a report on Monday. National Bankshares set a $64.00 price target on shares of Fidelity National Financial in a research report on Monday, October 6th. Stephens started coverage on shares of Fidelity National Financial in a research note on Friday, November 14th. They issued an “overweight” rating for the company. Keefe, Bruyette & Woods raised their price objective on Fidelity National Financial from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, November 10th. Finally, Barclays reiterated a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

Fidelity National Financial Profile

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.