Texas Permanent School Fund Corp Sells 32,762 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Texas Permanent School Fund Corp lessened its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 14.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 193,518 shares of the financial services provider’s stock after selling 32,762 shares during the period. Texas Permanent School Fund Corp’s holdings in Fidelity National Financial were worth $9,564,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Fidelity National Financial in the 2nd quarter valued at about $26,000. V Square Quantitative Management LLC bought a new stake in shares of Fidelity National Financial in the 4th quarter valued at about $27,000. New Covenant Trust Company N.A. bought a new stake in shares of Fidelity National Financial in the 1st quarter valued at about $30,000. Mather Group LLC. bought a new stake in shares of Fidelity National Financial in the 1st quarter valued at about $31,000. Finally, Covestor Ltd grew its position in shares of Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after buying an additional 303 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 0.1 %

FNF stock opened at $58.89 on Tuesday. The stock’s 50 day simple moving average is $54.87 and its 200 day simple moving average is $52.02. Fidelity National Financial, Inc. has a fifty-two week low of $37.10 and a fifty-two week high of $60.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market cap of $16.10 billion, a P/E ratio of 19.37 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the company posted $1.01 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, research analysts expect that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Monday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FNF shares. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Truist Financial boosted their price objective on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods boosted their price objective on 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. Finally, Stephens reissued an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $61.80.

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.