River Road Asset Management LLC Grows Stock Position in Fidelity National Financial, Inc. $FNF

River Road Asset Management LLC boosted its position in Fidelity National Financial, Inc. (NYSE:FNF) by 1.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,365 shares of the financial services provider’s stock after buying an additional 1,425 shares during the period. River Road Asset Management LLC’s holdings in Fidelity National Financial were worth $5,325,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FNF. Vanguard Group Inc. lifted its stake in shares of Fidelity National Financial by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 27,755,047 shares of the financial services provider’s stock worth $1,555,948,000 after acquiring an additional 580,133 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Fidelity National Financial by 2.6% in 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 period. Geode Capital Management LLC boosted its stake in shares of Fidelity National Financial by 0.8% in the second quarter. Geode Capital Management LLC now owns 4,795,238 shares of the financial services provider’s stock valued at $268,026,000 after buying an additional 37,473 shares in the last quarter. Millennium Management LLC grew its holdings in Fidelity National Financial by 93.3% during the first quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock worth $244,967,000 after acquiring an additional 1,817,124 shares during the period. Finally, Norges Bank purchased a new position in Fidelity National Financial in the second quarter worth $189,685,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FNF has been the topic of several research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Fidelity National Financial in a research report on Tuesday, November 25th. National Bankshares set a $64.00 price objective on shares of Fidelity National Financial in a research note on Monday, October 6th. Stephens began coverage on shares of Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Financial from $69.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, November 10th. Finally, Barclays reaffirmed a “cautious” rating on shares of Fidelity National Financial in a research note on Monday, October 6th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Fidelity National Financial presently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $59.50 on Tuesday. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a 50 day moving average price of $57.47 and a 200 day moving average price of $57.14. The company has a market cap of $16.13 billion, a price-to-earnings ratio of 15.10 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. The company had revenue of $3.17 billion for the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. Sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be issued a $0.52 dividend. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, December 17th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.5%. Fidelity National Financial’s dividend payout ratio (DPR) is 48.37%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Daniel D. Lane sold 6,367 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $57.63, for a total transaction of $366,930.21. Following the completion of the sale, the director owned 276,308 shares in the company, valued at approximately $15,923,630.04. The trade was a 2.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.50% of the stock is owned by corporate insiders.

About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.