Principal Financial Group Inc. Has $163.88 Million Position in Fidelity National Financial, Inc. $FNF

Principal Financial Group Inc. cut its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 3.6% in the first quarter, Holdings Channel reports. The institutional investor owned 3,533,508 shares of the financial services provider’s stock after selling 130,408 shares during the period. Principal Financial Group Inc.’s holdings in Fidelity National Financial were worth $163,884,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FNF. Goldman Sachs Group Inc. grew its stake in shares of Fidelity National Financial by 8.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock worth $40,975,000 after acquiring an additional 47,267 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Fidelity National Financial by 141.9% in the first quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock valued at $941,000 after purchasing an additional 8,494 shares during the last quarter. Invesco Ltd. lifted its position in shares of Fidelity National Financial by 2.0% in the second quarter. Invesco Ltd. now owns 820,180 shares of the financial services provider’s stock worth $45,979,000 after purchasing an additional 16,440 shares in the last quarter. Brown Advisory Inc. bought a new stake in shares of Fidelity National Financial in the second quarter worth $339,000. Finally, Daiwa Securities Group Inc. lifted its position in shares of Fidelity National Financial by 2.4% in the second quarter. Daiwa Securities Group Inc. now owns 21,396 shares of the financial services provider’s stock worth $1,199,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Activity at Fidelity National Financial

In other news, EVP Peter T. Sadowski sold 69,196 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the transaction, the executive vice president directly owned 5,702 shares in the company, valued at $260,581.40. The trade was a 92.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on FNF shares. Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, June 25th. National Bank Financial set a $51.00 price target on shares of Fidelity National Financial in a research report on Tuesday, July 7th. Stephens reduced their price objective on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Barclays raised their price objective on Fidelity National Financial from $50.00 to $51.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Finally, Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $56.00.

Fidelity National Financial Trading Down 0.4%

NYSE FNF opened at $49.86 on Wednesday. The company has a market cap of $13.42 billion, a PE ratio of 18.22, a PEG ratio of 0.73 and a beta of 0.96. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12 month low of $42.78 and a 12 month high of $61.40. The stock has a 50 day moving average of $48.06 and a 200-day moving average of $50.28.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). The firm had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.Fidelity National Financial’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 5.24 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is 75.91%.

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.