Brown Brothers Harriman & Co. Takes Position in Fidelity National Financial, Inc. (NYSE:FNF)

Brown Brothers Harriman & Co. bought a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,270 shares of the financial services provider’s stock, valued at approximately $310,000.

Other hedge funds have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in Fidelity National Financial in the second quarter valued at about $26,000. V Square Quantitative Management LLC bought a new position in Fidelity National Financial in the fourth quarter valued at about $27,000. New Covenant Trust Company N.A. bought a new position in Fidelity National Financial in the first quarter valued at about $30,000. Mather Group LLC. bought a new position in Fidelity National Financial in the first quarter valued at about $31,000. Finally, Covestor Ltd boosted its holdings in Fidelity National Financial by 109.0% in the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 303 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on FNF. Keefe, Bruyette & Woods lifted their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Stephens reiterated an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a report on Thursday, August 15th. Finally, Truist Financial lifted their price objective on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Fidelity National Financial currently has a consensus rating of “Hold” and an average target price of $61.80.

Fidelity National Financial Stock Up 0.4 %

Shares of Fidelity National Financial stock opened at $60.99 on Thursday. The business’s 50 day simple moving average is $56.46 and its 200 day simple moving average is $52.49. Fidelity National Financial, Inc. has a 52-week low of $37.10 and a 52-week high of $61.71. The firm has a market cap of $16.66 billion, a PE ratio of 20.06 and a beta of 1.36. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the business posted $1.01 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, analysts predict that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Monday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is 63.16%.

Fidelity National Financial Company 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.