Marshall Wace LLP Has $37.43 Million Holdings in Fidelity National Financial Inc (FNF)

Marshall Wace LLP raised its position in shares of Fidelity National Financial Inc (NYSE:FNF) by 225.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 951,156 shares of the financial services provider’s stock after purchasing an additional 658,528 shares during the quarter. Marshall Wace LLP owned 0.35% of Fidelity National Financial worth $37,428,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FNF. Janney Montgomery Scott LLC increased its stake in Fidelity National Financial by 8.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 18,650 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 1,409 shares in the last quarter. Aperio Group LLC boosted its holdings in shares of Fidelity National Financial by 46.1% during the 2nd quarter. Aperio Group LLC now owns 245,162 shares of the financial services provider’s stock valued at $9,223,000 after acquiring an additional 77,331 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Fidelity National Financial by 129.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 23,874 shares of the financial services provider’s stock valued at $898,000 after acquiring an additional 13,467 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Fidelity National Financial by 8.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 949,136 shares of the financial services provider’s stock valued at $35,706,000 after acquiring an additional 72,065 shares during the last quarter. Finally, Boston Partners boosted its holdings in shares of Fidelity National Financial by 21.0% during the 2nd quarter. Boston Partners now owns 122,290 shares of the financial services provider’s stock valued at $4,601,000 after acquiring an additional 21,229 shares during the last quarter. Institutional investors and hedge funds own 82.60% of the company’s stock.

Shares of NYSE FNF traded down $0.62 during trading on Friday, reaching $32.51. 15,569 shares of the company traded hands, compared to its average volume of 1,102,203. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18. The company has a market cap of $9.00 billion, a PE ratio of 14.56 and a beta of 0.91. Fidelity National Financial Inc has a 52-week low of $31.14 and a 52-week high of $42.52.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Fidelity National Financial had a return on equity of 16.32% and a net margin of 10.54%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS. As a group, equities research analysts anticipate that Fidelity National Financial Inc will post 2.74 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Thursday, December 13th. Fidelity National Financial’s payout ratio is 52.86%.

A number of analysts have recently issued reports on the stock. Barclays set a $43.00 price target on shares of Fidelity National Financial and gave the company a “buy” rating in a report on Friday, October 26th. ValuEngine raised shares of Fidelity National Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Finally, Zacks Investment Research downgraded shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a report on Monday, October 15th. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $43.40.

In other Fidelity National Financial news, Director John D. Rood acquired 31,200 shares of the company’s stock in a transaction that occurred on Friday, October 26th. The shares were bought at an average price of $32.51 per share, with a total value of $1,014,312.00. Following the completion of the acquisition, the director now owns 43,681 shares in the company, valued at approximately $1,420,069.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.10% of the company’s stock.

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Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.

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

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