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:FNF) 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:FNF) 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.

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.