Mutual of America Capital Management LLC Trims Holdings in Fidelity National Financial, Inc. $FNF

Mutual of America Capital Management LLC reduced its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 9.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,960 shares of the financial services provider’s stock after selling 11,790 shares during the period. Mutual of America Capital Management LLC’s holdings in Fidelity National Financial were worth $7,135,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. 1834 Investment Advisors Co. boosted its position in Fidelity National Financial by 3.5% during the third quarter. 1834 Investment Advisors Co. now owns 110,156 shares of the financial services provider’s stock worth $6,663,000 after acquiring an additional 3,706 shares during the last quarter. Sagespring Wealth Partners LLC lifted its stake in shares of Fidelity National Financial by 13.1% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 4,124 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 479 shares during the period. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Fidelity National Financial by 3.0% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 98,800 shares of the financial services provider’s stock worth $5,976,000 after purchasing an additional 2,900 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Fidelity National Financial by 6.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 122,387 shares of the financial services provider’s stock worth $7,403,000 after purchasing an additional 7,110 shares during the last quarter. Finally, Hudson Value Partners LLC grew its position in shares of Fidelity National Financial by 15.3% in the third quarter. Hudson Value Partners LLC now owns 104,306 shares of the financial services provider’s stock valued at $6,309,000 after purchasing an additional 13,876 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

FNF has been the topic of several recent analyst reports. Barclays reduced their target price on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 6th. National Bankshares set a $63.00 price objective on shares of Fidelity National Financial in a report on Tuesday, January 6th. Wall Street Zen cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday. Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Financial from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fidelity National Financial in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.25.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $54.52 on Wednesday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47. The company has a market cap of $15.33 billion, a PE ratio of 13.15, a P/E/G ratio of 0.69 and a beta of 1.00. The company’s fifty day simple moving average is $55.94 and its 200-day simple moving average is $57.16. Fidelity National Financial, Inc. has a 52 week low of $50.61 and a 52 week high of $66.72.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Monday, November 10th. The financial services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. The firm had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the prior year, the company earned $1.30 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. As a group, equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were given a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 3.8%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 50.12%.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 6,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director owned 13,186 shares in the company, valued at $737,097.40. This represents a 31.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel D. Lane sold 6,367 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $57.63, for a total transaction of $366,930.21. Following the completion of the sale, the director directly owned 276,308 shares of the company’s stock, valued at $15,923,630.04. This trade represents a 2.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.50% of the stock is currently owned by company insiders.

Fidelity National Financial Company 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.