State of Alaska Department of Revenue Has $14.07 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

State of Alaska Department of Revenue cut its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 226,674 shares of the financial services provider’s stock after selling 17,055 shares during the period. State of Alaska Department of Revenue’s holdings in Fidelity National Financial were worth $14,066,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FNF. Wellington Management Group LLP raised its stake in shares of Fidelity National Financial by 45.3% during the fourth quarter. Wellington Management Group LLP now owns 38,396 shares of the financial services provider’s stock valued at $1,959,000 after acquiring an additional 11,978 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Fidelity National Financial by 3.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,819 shares of the financial services provider’s stock worth $1,052,000 after purchasing an additional 625 shares during the last quarter. MCF Advisors LLC lifted its holdings in Fidelity National Financial by 116.0% during the 1st quarter. MCF Advisors LLC now owns 674 shares of the financial services provider’s stock worth $36,000 after buying an additional 362 shares during the period. Applied Capital LLC FL lifted its holdings in Fidelity National Financial by 1.2% during the 1st quarter. Applied Capital LLC FL now owns 25,248 shares of the financial services provider’s stock worth $1,341,000 after buying an additional 289 shares during the period. Finally, State of Michigan Retirement System increased its stake in shares of Fidelity National Financial by 2.3% in the first quarter. State of Michigan Retirement System now owns 67,200 shares of the financial services provider’s stock valued at $3,568,000 after buying an additional 1,500 shares during the period. 81.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FNF. Stephens reaffirmed an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Barclays boosted their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $62.40.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Down 1.1 %

Fidelity National Financial stock opened at $59.96 on Friday. The company has a market capitalization of $16.40 billion, a PE ratio of 17.90 and a beta of 1.36. Fidelity National Financial, Inc. has a 12-month low of $37.48 and a 12-month high of $62.97. The firm’s fifty day moving average is $59.95 and its 200 day moving average is $54.25. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. Fidelity National Financial’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $1.01 EPS. As a group, sell-side analysts predict that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.48 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a yield of 3.20%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 57.31%.

Fidelity National Financial Company Profile

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.