Kempen Capital Management N.V. Acquires New Holdings in Fidelity National Financial, Inc. (FNF)

Kempen Capital Management N.V. acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 537,200 shares of the financial services provider’s stock, valued at approximately $24,082,000. Fidelity National Financial accounts for approximately 2.3% of Kempen Capital Management N.V.’s portfolio, making the stock its 10th biggest holding. Kempen Capital Management N.V. owned about 0.20% of Fidelity National Financial at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Fidelity National Financial by 4.3% during the first quarter. Vanguard Group Inc. now owns 21,623,652 shares of the financial services provider’s stock worth $842,024,000 after purchasing an additional 884,191 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares 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 last quarter. BlackRock Inc. raised its stake in shares of Fidelity National Financial by 4,066.1% during the first quarter. BlackRock Inc. now owns 14,703,507 shares of the financial services provider’s stock worth $572,554,000 after purchasing an additional 14,350,573 shares during the last quarter. Edge Asset Management Inc. raised its stake in shares of Fidelity National Financial by 0.8% during the first quarter. Edge Asset Management Inc. now owns 7,519,623 shares of the financial services provider’s stock worth $292,814,000 after purchasing an additional 59,689 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Fidelity National Financial by 28.0% during the second quarter. Alliancebernstein L.P. now owns 5,965,608 shares of the financial services provider’s stock worth $267,438,000 after purchasing an additional 1,303,871 shares during the last quarter. 84.89% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on FNF shares. Zacks Investment Research cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Piper Jaffray Companies restated a “buy” rating and set a $48.00 price target on shares of Fidelity National Financial in a research note on Friday, July 14th. ValuEngine upgraded Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Barclays PLC upped their price target on Fidelity National Financial from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Monday, July 3rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $46.60.

ILLEGAL ACTIVITY NOTICE: “Kempen Capital Management N.V. Acquires New Holdings in Fidelity National Financial, Inc. (FNF)” was first published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.truebluetribune.com/2017/09/17/kempen-capital-management-n-v-acquires-new-holdings-in-fidelity-national-financial-inc-fnf.html.

In related news, EVP Peter T. Sadowski sold 133,215 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $47.53, for a total transaction of $6,331,708.95. 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brent B. Bickett sold 58,896 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $44.77, for a total value of $2,636,773.92. Following the transaction, the insider now owns 562,658 shares of the company’s stock, valued at approximately $25,190,198.66. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.

Fidelity National Financial, Inc. (NYSE FNF) traded up 1.50% during midday trading on Friday, hitting $47.99. The stock had a trading volume of 1,298,506 shares. The firm has a market cap of $13.09 billion, a PE ratio of 20.93 and a beta of 0.96. The stock has a 50-day moving average price of $47.72 and a 200 day moving average price of $43.03. Fidelity National Financial, Inc. has a one year low of $31.64 and a one year high of $49.37.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.03. Fidelity National Financial had a return on equity of 10.41% and a net margin of 7.49%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts predict that Fidelity National Financial, Inc. will post $2.55 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.08%. Fidelity National Financial’s dividend payout ratio is currently 43.67%.

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.

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

Receive News & Ratings for Fidelity National Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply