Dimensional Fund Advisors LP Acquires 56,170 Shares of Fidelity National Financial, Inc. $FNF

Dimensional Fund Advisors LP grew its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,364,155 shares of the financial services provider’s stock after acquiring an additional 56,170 shares during the quarter. Dimensional Fund Advisors LP owned about 1.24% of Fidelity National Financial worth $203,481,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Fidelity National Financial by 2.1% in the second quarter. Vanguard Group Inc. now owns 27,755,047 shares of the financial services provider’s stock worth $1,555,948,000 after purchasing an additional 580,133 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Fidelity National Financial by 2.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 9,235,289 shares of the financial services provider’s stock valued at $517,730,000 after purchasing an additional 234,288 shares during the last quarter. Cooke & Bieler LP grew its stake in Fidelity National Financial by 12.3% in the 3rd quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock worth $318,081,000 after buying an additional 574,189 shares in the last quarter. Geode Capital Management LLC grew its stake in Fidelity National Financial by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,795,238 shares of the financial services provider’s stock worth $268,026,000 after buying an additional 37,473 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Fidelity National Financial in the 2nd quarter worth $189,685,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock opened at $50.11 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a 52-week low of $48.42 and a 52-week high of $66.72. The company has a fifty day moving average of $54.16 and a 200-day moving average of $56.58. The stock has a market capitalization of $13.59 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 0.64 and a beta of 0.99.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Thursday, February 19th. The financial services provider reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.10). Fidelity National Financial had a return on equity of 15.06% and a net margin of 4.17%.The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same quarter in the previous year, the business earned $1.34 EPS. Fidelity National Financial’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $0.52 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $2.08 annualized dividend and a dividend yield of 4.2%. Fidelity National Financial’s payout ratio is currently 97.65%.

Analyst Upgrades and Downgrades

FNF has been the topic of several research reports. Weiss Ratings cut shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. National Bank Financial set a $71.00 target price on Fidelity National Financial in a research note on Monday, February 23rd. Keefe, Bruyette & Woods raised their price target on Fidelity National Financial from $70.00 to $71.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Wall Street Zen lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Finally, Barclays cut their price objective on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a report on Tuesday, January 6th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.33.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 6,000 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $55.90, for a total value of $335,400.00. Following the completion of the sale, the director owned 13,186 shares of the company’s stock, valued at approximately $737,097.40. The trade was a 31.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.50% of the company’s stock.

About Fidelity National Financial

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.