UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 57,316 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 3.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,530,424 shares of the financial services provider’s stock after buying an additional 57,316 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Fidelity National Financial were worth $94,978,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Fidelity National Financial by 28.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,467 shares of the financial services provider’s stock worth $3,318,000 after purchasing an additional 11,894 shares during the last quarter. CreativeOne Wealth LLC grew its holdings in Fidelity National Financial by 54.2% during the third quarter. CreativeOne Wealth LLC now owns 10,436 shares of the financial services provider’s stock worth $648,000 after purchasing an additional 3,668 shares during the period. Bridgewater Associates LP increased its position in Fidelity National Financial by 628.6% during the third quarter. Bridgewater Associates LP now owns 37,865 shares of the financial services provider’s stock worth $2,350,000 after buying an additional 32,668 shares during the last quarter. Brooklyn Investment Group bought a new stake in Fidelity National Financial in the third quarter valued at approximately $35,000. Finally, FMR LLC lifted its position in shares of Fidelity National Financial by 11.4% in the third quarter. FMR LLC now owns 872,017 shares of the financial services provider’s stock valued at $54,117,000 after buying an additional 89,031 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Buying and Selling

In other news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the sale, the director now directly owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. This represents a 11.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.20% of the stock is currently owned by company insiders.

Fidelity National Financial Trading Down 0.2 %

Shares of Fidelity National Financial stock opened at $63.39 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a 50-day moving average of $60.92 and a 200-day moving average of $56.19. Fidelity National Financial, Inc. has a 52-week low of $44.39 and a 52-week high of $64.83. The stock has a market cap of $17.35 billion, a PE ratio of 23.05 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the firm earned $1.23 EPS. Fidelity National Financial’s revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.50 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial’s payout ratio is 69.82%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FNF. Stephens reissued an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Barclays upped their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods raised their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Truist Financial raised their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Fidelity National Financial currently has an average rating of “Hold” and a consensus target price of $63.60.

Fidelity National Financial Profile

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.