Fidelity National Financial, Inc. (FNF) Shares Bought by Aperio Group LLC
Aperio Group LLC grew its position in Fidelity National Financial, Inc. (NYSE:FNF) by 28.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,614 shares of the financial services provider’s stock after acquiring an additional 15,475 shares during the period. Aperio Group LLC’s holdings in Fidelity National Financial were worth $3,351,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of FNF. Fiduciary Trust Co. acquired a new stake in shares of Fidelity National Financial in the second quarter valued at approximately $137,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Fidelity National Financial by 3,739.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,417 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 3,328 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Fidelity National Financial by 3.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,467 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 131 shares in the last quarter. Atria Investments LLC acquired a new stake in shares of Fidelity National Financial in the second quarter valued at approximately $205,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Fidelity National Financial in the second quarter valued at approximately $210,000. 81.99% of the stock is owned by institutional investors and hedge funds.
Shares of Fidelity National Financial, Inc. (NYSE:FNF) opened at $38.55 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.17. The firm has a market cap of $10,608.62, a P/E ratio of 14.97 and a beta of 0.93. Fidelity National Financial, Inc. has a fifty-two week low of $22.83 and a fifty-two week high of $38.76.
Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Fidelity National Financial had a net margin of 7.77% and a return on equity of 11.05%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business earned $0.69 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. research analysts expect that Fidelity National Financial, Inc. will post 2.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.25. Fidelity National Financial’s payout ratio is currently 55.79%.
In other Fidelity National Financial news, insider Brent B. Bickett sold 80,000 shares of Fidelity National Financial stock in a transaction on Monday, September 18th. The shares were sold at an average price of $48.21, for a total transaction of $3,856,800.00. Following the completion of the sale, the insider now owns 584,367 shares of the company’s stock, valued at approximately $28,172,333.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Janet Kerr sold 786 shares of Fidelity National Financial stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $48.41, for a total transaction of $38,050.26. Following the sale, the director now directly owns 11,817 shares of the company’s stock, valued at approximately $572,060.97. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.
A number of brokerages recently weighed in on FNF. Zacks Investment Research lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. ValuEngine raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $44.17.
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Fidelity National Financial Company Profile
Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.
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