Maryland State Retirement & Pension System Has $789,000 Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Maryland State Retirement & Pension System cut its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 12.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,128 shares of the financial services provider’s stock after selling 1,726 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Fidelity National Financial were worth $789,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FNF. Gilbert & Cook Inc. lifted its holdings in shares of Fidelity National Financial by 3.0% during the 1st quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider’s stock valued at $378,000 after buying an additional 168 shares during the last quarter. Journey Strategic Wealth LLC lifted its holdings in shares of Fidelity National Financial by 1.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider’s stock valued at $943,000 after buying an additional 175 shares during the last quarter. Commerce Bank lifted its holdings in shares of Fidelity National Financial by 3.1% during the 1st quarter. Commerce Bank now owns 5,977 shares of the financial services provider’s stock valued at $389,000 after buying an additional 177 shares during the last quarter. Peddock Capital Advisors LLC lifted its holdings in shares of Fidelity National Financial by 3.2% during the 1st quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider’s stock valued at $369,000 after buying an additional 178 shares during the last quarter. Finally, Kaizen Financial Strategies lifted its holdings in shares of Fidelity National Financial by 4.8% during the 1st quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider’s stock valued at $269,000 after buying an additional 188 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Up 2.5%

Shares of FNF stock opened at $59.95 on Wednesday. The stock’s 50 day simple moving average is $55.82 and its 200 day simple moving average is $58.82. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72. The company has a market capitalization of $16.29 billion, a price-to-earnings ratio of 15.21 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.24). The business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 earnings per share. As a group, research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 16th. Fidelity National Financial’s payout ratio is currently 50.76%.

Analyst Upgrades and Downgrades

Separately, Barclays reduced their price target on Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.20.

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.