Fidelity National Financial Inc (NYSE:FNF) Shares Sold by AlphaCrest Capital Management LLC

frank lamjus

AlphaCrest Capital Management LLC decreased its position in shares of Fidelity National Financial Inc (NYSE:FNF) by 67.8{d05f388fa08f4d675a822acf1486e94712302178bac778b4b99d28e44a90be3a} during the 2nd quarter, Holdings Channel.com reports. The fund owned 27,672 shares of the financial services provider’s stock after selling 58,259 shares during the period. AlphaCrest Capital Management LLC’s holdings in Fidelity National […]

AlphaCrest Capital Management LLC decreased its position in shares of Fidelity National Financial Inc (NYSE:FNF) by 67.8{d05f388fa08f4d675a822acf1486e94712302178bac778b4b99d28e44a90be3a} during the 2nd quarter, Holdings Channel.com reports. The fund owned 27,672 shares of the financial services provider’s stock after selling 58,259 shares during the period. AlphaCrest Capital Management LLC’s holdings in Fidelity National Financial were worth $848,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Synovus Financial Corp increased its position in shares of Fidelity National Financial by 1,809.3{d05f388fa08f4d675a822acf1486e94712302178bac778b4b99d28e44a90be3a} in the 1st quarter. Synovus Financial Corp now owns 4,296 shares of the financial services provider’s stock valued at $107,000 after buying an additional 4,071 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Fidelity National Financial by 45.1{d05f388fa08f4d675a822acf1486e94712302178bac778b4b99d28e44a90be3a} during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,785,035 shares of the financial services provider’s stock valued at $44,411,000 after purchasing an additional 554,697 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Fidelity National Financial by 2,968.4{d05f388fa08f4d675a822acf1486e94712302178bac778b4b99d28e44a90be3a} during the 1st quarter. Steward Partners Investment Advisory LLC now owns 33,845 shares of the financial services provider’s stock valued at $842,000 after purchasing an additional 32,742 shares during the last quarter. Brinker Capital Inc. grew its holdings in shares of Fidelity National Financial by 20.4{d05f388fa08f4d675a822acf1486e94712302178bac778b4b99d28e44a90be3a} during the 1st quarter. Brinker Capital Inc. now owns 17,559 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 2,979 shares during the last quarter. Finally, Unigestion Holding SA bought a new position in shares of Fidelity National Financial during the 1st quarter valued at $30,644,000. 79.00{d05f388fa08f4d675a822acf1486e94712302178bac778b4b99d28e44a90be3a} of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Peter T. Sadowski sold 25,000 shares of Fidelity National Financial stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $33.80, for a total transaction of $845,000.00. Following the completion of the transaction, the executive vice president now directly owns 605,536 shares of the company’s stock, valued at approximately $20,467,116.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Roger S. Jewkes sold 20,000 shares of Fidelity National Financial stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $34.27, for a total transaction of $685,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 327,181 shares of company stock valued at $10,771,071. Corporate insiders own 5.80{d05f388fa08f4d675a822acf1486e94712302178bac778b4b99d28e44a90be3a} of the company’s stock.

Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a report on Wednesday, July 1st. Keefe, Bruyette & Woods increased their target price on shares of Fidelity National Financial from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $35.00.

FNF traded down $0.43 during trading on Monday, hitting $33.02. 16,824 shares of the stock traded hands, compared to its average volume of 2,787,294. The firm has a market capitalization of $9.76 billion, a P/E ratio of 11.11 and a beta of 1.27. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a 50-day moving average of $32.87 and a 200 day moving average of $31.88. Fidelity National Financial Inc has a 12-month low of $19.00 and a 12-month high of $49.28.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.38. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Fidelity National Financial had a net margin of 9.70{d05f388fa08f4d675a822acf1486e94712302178bac778b4b99d28e44a90be3a} and a return on equity of 19.57{d05f388fa08f4d675a822acf1486e94712302178bac778b4b99d28e44a90be3a}. The firm’s revenue for the quarter was up 12.9{d05f388fa08f4d675a822acf1486e94712302178bac778b4b99d28e44a90be3a} compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 EPS. As a group, equities analysts predict that Fidelity National Financial Inc will post 3.25 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.32 annualized dividend and a dividend yield of 4.00{d05f388fa08f4d675a822acf1486e94712302178bac778b4b99d28e44a90be3a}. Fidelity National Financial’s dividend payout ratio is 38.94{d05f388fa08f4d675a822acf1486e94712302178bac778b4b99d28e44a90be3a}.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products 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 trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.

Read More: What is a back-end load?

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)

Receive News & Ratings for Fidelity National Financial Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Fidelity National Financial and related companies with MarketBeat.com’s FREE daily email newsletter.

Source Article

Next Post

Givex Announces a Special Small Business Gift Card Program with TD Merchant Solutions

Interested merchants can learn more about this gift card program at http://info.givex.com/td-giftcard. The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (“TD” or the “Bank”). TD is the sixth largest bank in North America by branches and serves over 26 million customers in three key businesses […]