MWA Asset Management Purchases Shares of 34,629 Fidelity National Financial, Inc. $FNF

MWA Asset Management purchased a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 34,629 shares of the financial services provider’s stock, valued at approximately $1,606,000.

Other large investors have also recently made changes to their positions in the company. First Trust Advisors LP increased its position in Fidelity National Financial by 20.2% during the first quarter. First Trust Advisors LP now owns 1,148,920 shares of the financial services provider’s stock worth $53,287,000 after buying an additional 192,854 shares during the period. Oslo Pensjonsforsikring AS purchased a new stake in Fidelity National Financial in the first quarter valued at approximately $178,000. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Fidelity National Financial by 31.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 18,615 shares of the financial services provider’s stock valued at $863,000 after acquiring an additional 4,441 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Fidelity National Financial by 30.1% in the first quarter. Dimensional Fund Advisors LP now owns 4,210,824 shares of the financial services provider’s stock valued at $195,287,000 after acquiring an additional 973,891 shares during the period. Finally, SEB Asset Management AB purchased a new position in shares of Fidelity National Financial during the first quarter worth approximately $13,359,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FNF has been the topic of a number of recent research reports. Barclays lifted their target price on shares of Fidelity National Financial from $50.00 to $51.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Zacks Research cut shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. National Bank Financial set a $51.00 price objective on shares of Fidelity National Financial in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods dropped their price objective on shares of Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Financial has an average rating of “Hold” and an average target price of $56.00.

Fidelity National Financial Trading Down 1.1%

Shares of FNF stock opened at $50.22 on Thursday. The business’s 50 day moving average is $48.27 and its two-hundred day moving average is $50.11. Fidelity National Financial, Inc. has a twelve month low of $42.78 and a twelve month high of $61.40. The company has a market capitalization of $13.52 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 0.75 and a beta of 0.96. 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 results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.16). The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.Fidelity National Financial’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 earnings per share. Equities analysts forecast that Fidelity National Financial, Inc. will post 5.19 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were given a $0.52 dividend. 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 (DPR) is presently 75.91%.

Insider Buying and Selling

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the transaction, the executive vice president owned 5,702 shares in the company, valued at approximately $260,581.40. The trade was a 92.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.70% of the stock is currently owned by insiders.

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.