Janet Kerr Sells 786 Shares of Fidelity National Financial, Inc. (NYSE:FNF) Stock

Cornelia Mascio
Ottobre 1, 2017

California Public Employees Retirement System increased its holdings in shares of Fidelity National Financial, Inc. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The firm owned 38,832 shares of the financial services provider's stock after selling 8,787 shares during the period. Fidelity National Financial now has $1.14 billion valuation.

Other hedge funds and other institutional investors have also bought and sold shares of the company. More interesting news about FNF Group of Fidelity National Financial, Inc. Northwestern Mutual Wealth Management Co. lifted its position in shares of Fidelity National Financial by 3,739.3% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 19,900 shares of the insurance provider's stock worth $264,000 after acquiring an additional 2,800 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Fidelity National Financial by 3.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,467 shares of the financial services provider's stock valued at $155,000 after buying an additional 131 shares in the last quarter. It also reduced its holding in First Horizon Natl Corp (NYSE:FHN) by 276,000 shares in the quarter, leaving it with 254,000 shares, and cut its stake in Seacoast Bkg Corp Fla (NASDAQ:SBCF). Finally, Atria Investments LLC bought a new position in Fidelity National Financial in the 2nd quarter valued at about $205,000. The institutional investor held 52,412 shares of the automotive aftermarket company at the end of 2017Q2, valued at $1.89 million, up from 43,608 at the end of the previous reported quarter.

Shares of Fidelity National Financial, Inc. (FNF) traded up 0.89% during mid-day trading on Friday, hitting $47.46. The company's 50-day moving average price is $47.70 and its 200-day moving average price is $43.24. Ghp Investment Advisors Inc who had been investing in Cooper Tire & Rubr Co for a number of months, seems to be bullish on the $1.97 billion market cap company. Fidelity National Financial, Inc. has a 12 month low of $11.00 and a 12 month high of $17.90.

Analysts expect Fidelity National Financial Inc (NYSE:FNFV) to report $-0.07 EPS on November, 1.They anticipate $0.06 EPS change or 600.00 % from last quarter's $-0.01 EPS. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.72 by $0.03. Fidelity National Financial had a net margin of 7.49% and a return on equity of 10.41%. The business had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.14 billion. During the same period past year, the business posted $0.74 earnings per share. Fidelity National Financial's quarterly revenue was up 7.2% on a year-over-year basis. Fidelity National Financial had 5 analyst reports since October 1, 2015 according to SRatingsIntel.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Angulo Gonzalez David had bought 15,000 shares worth $25,500 on Friday, May 12. This represents a $1.00 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Financial's dividend payout ratio (DPR) is now 43.67%.

COPYRIGHT VIOLATION NOTICE: "Rafferty Asset Management LLC Sells 8,787 Shares of Fidelity National Financial, Inc. (NYSE:FNF)" was originally published by Equities Focus and is the sole property of of Equities Focus. The stock of FNF Group of Fidelity National Financial, Inc.

In related news, insider Brent B. Bickett sold 80,000 shares of the business's stock in a transaction that occurred on Monday, September 18th. Following the completion of the transaction, the executive vice president now owns 89,575 shares in the company, valued at approximately $4,257,499.75. (NYSE:FNF) Director Janet Kerr sold 786 shares of the firm's stock in a transaction dated Tuesday, September 19th. Following the sale, the director now owns 11,817 shares of the company's stock, valued at $572,060.97. The disclosure for this sale can be found here.

FNF has been the subject of several recent research reports. If the $18.44 price target is reached, the company will be worth $68.40M more.

Among 7 analysts covering Scynexis Inc (NASDAQ:SCYX), 6 have Buy rating, 0 Sell and 1 Hold. Piper Jaffray Companies reiterated a "buy" rating and issued a $48.00 price target on shares of Fidelity National Financial in a research report on Friday, July 14th. Keefe Bruyette & Woods maintained Fidelity National Financial Inc (NYSE:FNFV) rating on Monday, July 24. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of "Buy" and an average target price of $46.60. Fuller And Thaler Asset Management holds 0% of its portfolio in FNF Group of Fidelity National Financial, Inc. The Company is a provider of title insurance, technology and transaction services to the real estate and mortgage industries.

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