Todays Report: The Fidelity National Financial Inc. (FNF) Stake Boosted by Capstone Asset Management Co.

The Fidelity National Financial Inc. (FNF) Stake Boosted by Capstone Asset Management Co.

Capstone Asset Management Co. boosted its position in Fidelity National Financial Inc. (NYSE:FNF) by 0.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,443 shares of the company’s stock after buying an additional 10 shares during the period. Capstone Asset Management Co.’s holdings in Fidelity National Financial were worth $201,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FNF. Creative Planning boosted its position in Fidelity National Financial by 0.3% in the second quarter. Creative Planning now owns 14,035 shares of the company’s stock worth $526,000 after buying an additional 47 shares in the last quarter. Stifel Financial Corp boosted its position in Fidelity National Financial by 0.6% in the second quarter. Stifel Financial Corp now owns 15,826 shares of the company’s stock worth $594,000 after buying an additional 101 shares in the last quarter. CIBC Asset Management Inc boosted its position in Fidelity National Financial by 1.3% in the second quarter. CIBC Asset Management Inc now owns 14,437 shares of the company’s stock worth $541,000 after buying an additional 184 shares in the last quarter. Usca Ria LLC boosted its position in Fidelity National Financial by 1.5% in the second quarter. Usca Ria LLC now owns 13,400 shares of the company’s stock worth $503,000 after buying an additional 192 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in Fidelity National Financial by 1.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 16,733 shares of the company’s stock worth $627,000 after buying an additional 230 shares in the last quarter. 85.54% of the stock is owned by hedge funds and other institutional investors.

Shares of Fidelity National Financial Inc. (NYSE:FNF) opened at 36.57 on Thursday. Fidelity National Financial Inc. has a one year low of $28.24 and a one year high of $38.50. The company’s 50-day moving average is $37.22 and its 200-day moving average is $35.58. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 18.65 and a beta of 0.76.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.08. The company earned $2.10 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Fidelity National Financial had a net margin of 6.69% and a return on equity of 9.47%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. On average, equities analysts predict that Fidelity National Financial Inc. will post $2.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Wednesday, September 14th. Fidelity National Financial’s dividend payout ratio is presently 42.64%.

A number of research firms recently commented on FNF. Zacks Investment Research cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Barclays PLC reaffirmed an “overweight” rating and set a $48.00 price target on shares of Fidelity National Financial in a research note on Monday, July 25th. Keefe, Bruyette & Woods cut shares of Fidelity National Financial from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $38.00 to $39.00 in a research note on Monday, July 18th. Finally, Piper Jaffray Cos. lifted their price target on shares of Fidelity National Financial from $38.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 5th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $42.33.

In other news, Director Daniel D. Lane sold 13,380 shares of the stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $36.90, for a total value of $493,722.00. Following the completion of the sale, the director now directly owns 257,176 shares in the company, valued at $9,489,794.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Peter T. Sadowski sold 15,809 shares of the stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $37.55, for a total transaction of $593,627.95. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.

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