Keeley Teton Advisors LLC Decreases Position in FNF Group of Fidelity National Financial, Inc. (NYSE:FNF)

Keeley Teton Advisors LLC lessened its stake in shares of FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) by 3.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 142,769 shares of the financial services provider’s stock after selling 5,460 shares during the period. Keeley Teton Advisors LLC owned about 0.05% of FNF Group of Fidelity National Financial worth $6,776,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its stake in shares of FNF Group of Fidelity National Financial by 65.0% during the second quarter. Principal Financial Group Inc. now owns 17,770,127 shares of the financial services provider’s stock worth $796,636,000 after purchasing an additional 7,000,057 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of FNF Group of Fidelity National Financial by 1,675.0% in the 2nd quarter. Victory Capital Management Inc. now owns 4,323,096 shares of the financial services provider’s stock valued at $193,805,000 after purchasing an additional 4,079,547 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of FNF Group of Fidelity National Financial by 28.0% in the 2nd quarter. Alliancebernstein L.P. now owns 5,965,608 shares of the financial services provider’s stock valued at $267,438,000 after acquiring an additional 1,303,871 shares during the last quarter. PointState Capital LP bought a new position in shares of FNF Group of Fidelity National Financial in the 2nd quarter valued at $33,981,000. Finally, Kempen Capital Management N.V. bought a new position in shares of FNF Group of Fidelity National Financial in the 2nd quarter valued at $24,082,000. Institutional investors and hedge funds own 81.31% of the company’s stock.

Shares of FNF Group of Fidelity National Financial, Inc. (FNF) traded down $0.06 during mid-day trading on Friday, reaching $39.24. 727,407 shares of the company’s stock were exchanged, compared to its average volume of 1,546,093. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.85 and a quick ratio of 0.85. FNF Group of Fidelity National Financial, Inc. has a 1-year low of $24.18 and a 1-year high of $40.75. The company has a market cap of $10,756.41, a PE ratio of 16.84 and a beta of 0.97.

FNF Group of Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. FNF Group of Fidelity National Financial had a net margin of 7.77% and a return on equity of 11.05%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the business earned $0.69 EPS. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. analysts forecast that FNF Group of Fidelity National Financial, Inc. will post 2.47 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a $0.27 dividend. The ex-dividend date was Thursday, December 14th. This is a positive change from FNF Group of Fidelity National Financial’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 2.75%. FNF Group of Fidelity National Financial’s payout ratio is 56.65%.

FNF has been the subject of several analyst reports. Zacks Investment Research lowered FNF Group of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. ValuEngine upgraded FNF Group of Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Piper Jaffray Companies reiterated a “buy” rating and set a $44.00 price target on shares of FNF Group of Fidelity National Financial in a research note on Monday, December 18th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $42.00 price target on shares of FNF Group of Fidelity National Financial in a research note on Friday, December 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. FNF Group of Fidelity National Financial currently has a consensus rating of “Buy” and a consensus target price of $42.83.

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About FNF Group of Fidelity National Financial

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.

Institutional Ownership by Quarter for FNF Group of Fidelity National Financial (NYSE:FNF)

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