Teacher Retirement System of Texas Has $30.58 Million Stock Holdings in Fidelity National Financial, Inc. $FNF

Teacher Retirement System of Texas lifted its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 41.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 545,505 shares of the financial services provider’s stock after acquiring an additional 160,790 shares during the quarter. Teacher Retirement System of Texas’ holdings in Fidelity National Financial were worth $30,581,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Y Intercept Hong Kong Ltd acquired a new stake in shares of Fidelity National Financial in the second quarter worth $3,683,000. Transcend Capital Advisors LLC acquired a new stake in shares of Fidelity National Financial in the second quarter worth $367,000. Envestnet Asset Management Inc. boosted its position in shares of Fidelity National Financial by 14.4% in the second quarter. Envestnet Asset Management Inc. now owns 827,024 shares of the financial services provider’s stock worth $46,363,000 after buying an additional 104,024 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Fidelity National Financial by 5.4% in the second quarter. Nisa Investment Advisors LLC now owns 31,059 shares of the financial services provider’s stock worth $1,741,000 after buying an additional 1,588 shares during the period. Finally, Wealthfront Advisers LLC boosted its position in shares of Fidelity National Financial by 22.6% in the second quarter. Wealthfront Advisers LLC now owns 79,759 shares of the financial services provider’s stock worth $4,471,000 after buying an additional 14,682 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

NYSE FNF opened at $56.97 on Tuesday. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72. The stock’s 50-day moving average is $58.67 and its two-hundred day moving average is $57.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market cap of $15.48 billion, a P/E ratio of 14.46 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The company had revenue of $3.17 billion for the quarter. On average, analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.5%. The ex-dividend date was Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is 50.76%.

Wall Street Analyst Weigh In

FNF has been the subject of a number of research reports. National Bankshares set a $64.00 price objective on Fidelity National Financial in a research report on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Fidelity National Financial in a research report on Wednesday, October 8th. Finally, Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.83.

About Fidelity National Financial

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.