Bank of New York Mellon Corp Acquires 13,147 Shares of Fidelity National Financial, Inc. $FNF

Bank of New York Mellon Corp increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,529,383 shares of the financial services provider’s stock after purchasing an additional 13,147 shares during the period. Bank of New York Mellon Corp owned 0.94% of Fidelity National Financial worth $117,313,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Crossmark Global Holdings Inc. boosted its holdings in shares of Fidelity National Financial by 1.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 17,542 shares of the financial services provider’s stock valued at $958,000 after purchasing an additional 192 shares in the last quarter. Kera Capital Partners Inc. grew its position in shares of Fidelity National Financial by 6.1% during the 4th quarter. Kera Capital Partners Inc. now owns 3,946 shares of the financial services provider’s stock worth $215,000 after buying an additional 228 shares during the period. Fiduciary Trust Co raised its position in shares of Fidelity National Financial by 2.0% during the third quarter. Fiduciary Trust Co now owns 11,813 shares of the financial services provider’s stock worth $715,000 after purchasing an additional 228 shares during the period. Brooklyn Investment Group boosted its holdings in Fidelity National Financial by 2.1% during the 4th quarter. Brooklyn Investment Group now owns 11,272 shares of the financial services provider’s stock worth $621,000 after acquiring an additional 231 shares during the last quarter. Finally, Centennial Wealth Advisory LLC increased its holdings in Fidelity National Financial by 5.3% during the fourth quarter. Centennial Wealth Advisory LLC now owns 4,822 shares of the financial services provider’s stock worth $263,000 after buying an additional 243 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 2.0%

FNF opened at $50.84 on Tuesday. The firm has a market cap of $13.68 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 0.77 and a beta of 0.96. The stock has a fifty day moving average price of $48.15 and a 200-day moving average price of $50.17. Fidelity National Financial, Inc. has a 12 month low of $42.78 and a 12 month high of $61.40. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. As a group, equities research analysts anticipate that Fidelity National Financial, Inc. will post 5.19 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a dividend of $0.52 per share. The ex-dividend date was Tuesday, June 16th. This represents a $2.08 dividend on an annualized basis and a yield of 4.1%. Fidelity National Financial’s dividend payout ratio is presently 75.91%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FNF. National Bank Financial set a $51.00 price objective on shares of Fidelity National Financial in a research report on Tuesday, July 7th. Barclays raised their price target on Fidelity National Financial from $50.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a research report on Thursday, June 11th. Stephens decreased their target price on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods lowered their price objective on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Fidelity National Financial presently has a consensus rating of “Hold” and a consensus price target of $56.00.

Insider Buying and Selling

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the completion of the transaction, the executive vice president directly owned 5,702 shares of the company’s stock, valued at approximately $260,581.40. This trade represents a 92.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 5.70% of the company’s stock.

Fidelity National Financial Profile

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.