Point72 Asia Singapore Pte. Ltd. Purchases Shares of 4,509 Fidelity National Financial, Inc. (NYSE:FNF)

Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Fidelity National Financial, Inc. (NYSE:FNFFree Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,509 shares of the financial services provider’s stock, valued at approximately $280,000.

Other large investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its holdings in Fidelity National Financial by 117.9% in the 1st quarter. Cetera Investment Advisers now owns 44,417 shares of the financial services provider’s stock worth $2,359,000 after acquiring an additional 24,034 shares during the period. M&G Plc acquired a new stake in shares of Fidelity National Financial during the 2nd quarter worth approximately $629,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Fidelity National Financial by 61.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,707 shares of the financial services provider’s stock worth $2,457,000 after purchasing an additional 18,838 shares during the last quarter. Swedbank AB boosted its position in Fidelity National Financial by 25.1% during the 3rd quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock valued at $2,630,000 after purchasing an additional 8,511 shares during the period. Finally, Wedge Capital Management L L P NC grew its stake in Fidelity National Financial by 10.8% during the 2nd quarter. Wedge Capital Management L L P NC now owns 851,810 shares of the financial services provider’s stock worth $42,096,000 after buying an additional 82,982 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares in the company, valued at $803,585.10. This represents a 11.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is owned by corporate insiders.

Fidelity National Financial Trading Down 0.4 %

Shares of NYSE FNF opened at $62.78 on Wednesday. The business has a fifty day simple moving average of $61.00 and a 200-day simple moving average of $56.34. The company has a market cap of $17.18 billion, a price-to-earnings ratio of 22.83 and a beta of 1.36. Fidelity National Financial, Inc. has a 12 month low of $44.80 and a 12 month high of $64.83. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNFGet Free Report) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS 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 firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the business earned $1.23 earnings per share. The business’s quarterly revenue was up 29.7% compared to the same quarter last year. Sell-side analysts predict that Fidelity National Financial, Inc. will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.19%. The ex-dividend date is Tuesday, December 17th. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is 69.82%.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on FNF

Fidelity National Financial Profile

(Free Report)

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.

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

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