Fidelity National Financial Inc (FNF) Holdings Raised by GSA Capital Partners LLP

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GSA Capital Partners LLP raised its position in shares of Fidelity National Financial Inc (NYSE:FNF) by 110.4% in the second quarter, HoldingsChannel.com reports. The fund owned 33,810 shares of the financial services provider’s stock after buying an additional 17,740 shares during the quarter. GSA Capital Partners LLP’s holdings in Fidelity National Financial were worth $1,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings in Fidelity National Financial by 3.0% during the first quarter. Principal Financial Group Inc. now owns 17,034,893 shares of the financial services provider’s stock valued at $681,736,000 after acquiring an additional 500,930 shares during the period. Victory Capital Management Inc. boosted its holdings in Fidelity National Financial by 0.3% during the second quarter. Victory Capital Management Inc. now owns 4,792,452 shares of the financial services provider’s stock valued at $180,292,000 after acquiring an additional 16,420 shares during the period. Legal & General Group Plc boosted its holdings in Fidelity National Financial by 1.2% during the first quarter. Legal & General Group Plc now owns 1,511,563 shares of the financial services provider’s stock valued at $60,499,000 after acquiring an additional 18,640 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Fidelity National Financial by 9.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,414,209 shares of the financial services provider’s stock valued at $53,203,000 after acquiring an additional 116,732 shares during the period. Finally, Silvercrest Asset Management Group LLC boosted its holdings in Fidelity National Financial by 0.9% during the first quarter. Silvercrest Asset Management Group LLC now owns 1,090,335 shares of the financial services provider’s stock valued at $43,635,000 after acquiring an additional 9,445 shares during the period. Institutional investors own 82.48% of the company’s stock.

Several equities research analysts recently weighed in on FNF shares. Zacks Investment Research cut shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, May 16th. ValuEngine cut shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, May 22nd. Finally, Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $39.00 target price for the company in a research note on Monday, July 16th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Fidelity National Financial currently has a consensus rating of “Buy” and a consensus target price of $43.50.

NYSE FNF opened at $40.48 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. Fidelity National Financial Inc has a twelve month low of $32.67 and a twelve month high of $42.52. The stock has a market capitalization of $11.02 billion, a P/E ratio of 15.48 and a beta of 0.81.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Tuesday, July 17th. The financial services provider reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.04. Fidelity National Financial had a net margin of 9.82% and a return on equity of 15.29%. The business had revenue of $2.12 million during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter last year, the company earned $0.75 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. sell-side analysts anticipate that Fidelity National Financial Inc will post 2.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Thursday, September 13th. Fidelity National Financial’s payout ratio is presently 52.86%.

Fidelity National Financial declared that its Board of Directors has approved a share repurchase program on Tuesday, July 17th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

In other Fidelity National Financial news, insider Brent B. Bickett sold 50,000 shares of the firm’s stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $40.68, for a total transaction of $2,034,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Roger S. Jewkes sold 42,025 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $39.52, for a total transaction of $1,660,828.00. Following the transaction, the chief operating officer now owns 201,762 shares of the company’s stock, valued at approximately $7,973,634.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 191,688 shares of company stock valued at $7,505,007. 6.10% of the stock is owned by corporate insiders.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.

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Want to see what other hedge funds are holding FNF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Financial Inc (NYSE:FNF).

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

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