193,604 Shares in Fidelity National Financial, Inc. $FNF Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the second quarter, Holdings Channel.com reports. The fund purchased 193,604 shares of the financial services provider’s stock, valued at approximately $9,130,000.

Other institutional investors have also recently bought and sold shares of the company. Ancora Advisors LLC acquired a new position in Fidelity National Financial in the second quarter worth $43,000. Paradigm Capital Management Inc. NY acquired a new stake in shares of Fidelity National Financial in the second quarter valued at $278,000. Foster & Motley Inc. bought a new position in shares of Fidelity National Financial in the second quarter valued at about $1,649,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of Fidelity National Financial in the second quarter valued at about $878,000. Finally, Bank of New York Mellon Corp acquired a new position in Fidelity National Financial during the 2nd quarter worth about $112,882,000. Institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Stephens reissued an “overweight” rating and set a $55.00 price objective on shares of Fidelity National Financial in a report on Monday, August 24th. Zacks Research upgraded shares of Fidelity National Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Barclays increased their price target on shares of Fidelity National Financial from $51.00 to $54.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Finally, National Bank Financial set a $54.00 price objective on shares of Fidelity National Financial in a research report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $56.00.

Fidelity National Financial Stock Down 2.4%

Shares of NYSE FNF opened at $46.40 on Tuesday. The firm has a market capitalization of $12.44 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 0.70 and a beta of 0.95. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 1 year low of $42.78 and a 1 year high of $61.40. The firm’s 50-day moving average is $49.30 and its 200-day moving average is $49.12.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the firm posted $1.16 earnings per share. Fidelity National Financial’s revenue for the quarter was up 11.4% compared to the same quarter last year. Equities analysts expect that Fidelity National Financial, Inc. will post 5.18 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.5%. Fidelity National Financial’s dividend payout ratio is 73.50%.

Insider Buying and Selling at Fidelity National Financial

In other news, EVP Peter T. Sadowski sold 69,196 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $45.70, for a total value 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. This trade represents 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.

About Fidelity National Financial

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.