Banco Santander S.A. Purchases Shares of 11,611 Fidelity National Financial, Inc. (NYSE:FNF)

Banco Santander S.A. acquired a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,611 shares of the financial services provider’s stock, valued at approximately $617,000.

Several other large investors have also modified their holdings of the stock. Victory Capital Management Inc. boosted its holdings in shares of Fidelity National Financial by 195.2% in the fourth quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock worth $217,425,000 after buying an additional 2,818,001 shares during the period. Confluence Investment Management LLC acquired a new position in Fidelity National Financial in the 1st quarter worth approximately $135,347,000. Norges Bank purchased a new position in Fidelity National Financial during the 4th quarter worth approximately $41,212,000. Schroder Investment Management Group raised its stake in Fidelity National Financial by 1,029.1% during the 4th quarter. Schroder Investment Management Group now owns 716,554 shares of the financial services provider’s stock valued at $36,559,000 after purchasing an additional 653,091 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Fidelity National Financial by 673.6% during the 1st quarter. BNP Paribas Financial Markets now owns 666,900 shares of the financial services provider’s stock valued at $35,412,000 after purchasing an additional 580,694 shares during the period. 81.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FNF has been the subject of several recent analyst reports. Barclays raised their target price on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods lowered their target price on Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 2nd. Stephens increased their price target on shares of Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Finally, StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $55.40.

Fidelity National Financial Stock Up 0.2 %

Shares of NYSE FNF traded up $0.08 during mid-day trading on Friday, reaching $53.39. 747,942 shares of the company traded hands, compared to its average volume of 1,092,755. The company’s fifty day moving average is $50.32 and its two-hundred day moving average is $50.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21. Fidelity National Financial, Inc. has a fifty-two week low of $37.10 and a fifty-two week high of $55.37. The stock has a market cap of $14.59 billion, a PE ratio of 17.56 and a beta of 1.35.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the company earned $0.52 EPS. The firm’s revenue for the quarter was up 33.3% compared to the same quarter last year. On average, analysts expect that Fidelity National Financial, Inc. will post 4.67 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.48 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a yield of 3.60%. Fidelity National Financial’s payout ratio is presently 63.16%.

Insider Buying and Selling

In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the sale, the director now directly owns 14,906 shares in the company, valued at $754,839.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Anthony Park sold 85,000 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the sale, the chief financial officer now owns 99,049 shares in the company, valued at $5,033,670.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the transaction, the director now directly owns 14,906 shares of the company’s stock, valued at approximately $754,839.84. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.