Osaic Holdings Inc. Increases Position in Fidelity National Financial, Inc. $FNF

Osaic Holdings Inc. increased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 141.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,747 shares of the financial services provider’s stock after purchasing an additional 41,999 shares during the quarter. Osaic Holdings Inc.’s holdings in Fidelity National Financial were worth $4,408,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in FNF. Nissay Asset Management Corp Japan ADV grew its stake in Fidelity National Financial by 0.6% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 31,651 shares of the financial services provider’s stock valued at $2,060,000 after purchasing an additional 197 shares during the last quarter. Islay Capital Management LLC boosted its holdings in shares of Fidelity National Financial by 2.3% in the 2nd quarter. Islay Capital Management LLC now owns 8,865 shares of the financial services provider’s stock valued at $497,000 after buying an additional 200 shares in the last quarter. PenderFund Capital Management Ltd. boosted its holdings in shares of Fidelity National Financial by 9.2% in the 1st quarter. PenderFund Capital Management Ltd. now owns 2,466 shares of the financial services provider’s stock valued at $160,000 after buying an additional 208 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Fidelity National Financial by 7.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,504 shares of the financial services provider’s stock worth $228,000 after buying an additional 249 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Fidelity National Financial by 7.7% during the 2nd quarter. Fisher Asset Management LLC now owns 3,633 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 260 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on FNF. Weiss Ratings restated a “buy (b)” rating on shares of Fidelity National Financial in a research note on Monday, December 15th. Keefe, Bruyette & Woods raised their price objective on Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. National Bankshares set a $72.00 target price on Fidelity National Financial in a research note on Thursday, December 18th. Wall Street Zen upgraded Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Finally, Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Daniel D. Lane sold 6,367 shares of Fidelity National Financial stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $57.63, for a total transaction of $366,930.21. Following the completion of the sale, the director directly owned 276,308 shares in the company, valued at approximately $15,923,630.04. The trade was a 2.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.50% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $54.98 on Thursday. The firm has a market capitalization of $15.46 billion, a price-to-earnings ratio of 13.26 and a beta of 1.01. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.25 and a quick ratio of 0.25. The business has a fifty day moving average of $57.03 and a 200 day moving average of $57.37. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72.

Fidelity National Financial (NYSE:FNF) last posted its quarterly 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 15.06% and a net margin of 8.34%.The business had revenue of $3.17 billion for the quarter. As a group, research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be issued a $0.52 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, December 17th. This represents a $2.08 annualized dividend and a yield of 3.8%. Fidelity National Financial’s dividend payout ratio is currently 50.12%.

Fidelity National Financial Company Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.