FNF Group of Fidelity National Financial, Inc. (FNF) Stake Maintained by USS Investment Management Ltd

USS Investment Management Ltd held its position in FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 510,700 shares of the financial services provider’s stock at the end of the first quarter. USS Investment Management Ltd’s holdings in FNF Group of Fidelity National Financial were worth $19,884,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FNF. Israel Discount Bank of New York GFN bought a new position in FNF Group of Fidelity National Financial during the fourth quarter worth $107,000. Salem Investment Counselors Inc. bought a new position in FNF Group of Fidelity National Financial during the third quarter worth $125,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its position in FNF Group of Fidelity National Financial by 3,296.0% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 129,591 shares of the financial services provider’s stock worth $130,000 after buying an additional 125,775 shares in the last quarter. FTB Advisors Inc. raised its position in FNF Group of Fidelity National Financial by 234.3% in the first quarter. FTB Advisors Inc. now owns 3,891 shares of the financial services provider’s stock worth $159,000 after buying an additional 2,727 shares in the last quarter. Finally, Two Sigma Securities LLC bought a new position in FNF Group of Fidelity National Financial during the third quarter worth $208,000. Institutional investors own 86.50% of the company’s stock.

Institutional Ownership by Quarter for FNF Group of Fidelity National Financial (NYSE:FNF)

Shares of FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) traded down 0.53% during mid-day trading on Friday, reaching $41.18. The company had a trading volume of 1,430,953 shares. FNF Group of Fidelity National Financial, Inc. has a one year low of $31.64 and a one year high of $42.00. The company has a market capitalization of $11.21 billion, a price-to-earnings ratio of 17.66 and a beta of 0.80. The company has a 50 day moving average price of $39.98 and a 200 day moving average price of $36.54.

FNF Group of Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.05. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.74 billion. FNF Group of Fidelity National Financial had a return on equity of 10.61% and a net margin of 7.51%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 EPS. On average, analysts anticipate that FNF Group of Fidelity National Financial, Inc. will post $2.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.42%. FNF Group of Fidelity National Financial’s payout ratio is presently 42.74%.

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FNF has been the topic of a number of recent research reports. Monness Crespi & Hardt raised their target price on FNF Group of Fidelity National Financial from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday, April 10th. Zacks Investment Research upgraded FNF Group of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Monday, May 8th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $38.00 target price on shares of FNF Group of Fidelity National Financial in a report on Wednesday, April 19th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $44.20.

In other news, Director Daniel D. Lane sold 27,097 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $38.51, for a total transaction of $1,043,505.47. Following the completion of the transaction, the director now owns 256,766 shares in the company, valued at $9,888,058.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Peter T. Sadowski sold 17,288 shares of the firm’s stock in a transaction dated Thursday, March 23rd. The shares were sold at an average price of $38.75, for a total value of $669,910.00. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.

About FNF Group of Fidelity National Financial

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.

12 Month Chart for NYSE:FNF

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