Mutual of America Capital Management LLC Has $7.35 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

Mutual of America Capital Management LLC decreased its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,620 shares of the financial services provider’s stock after selling 5,437 shares during the period. Mutual of America Capital Management LLC’s holdings in Fidelity National Financial were worth $7,345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. boosted its holdings in Fidelity National Financial by 0.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 66,445 shares of the financial services provider’s stock valued at $3,390,000 after acquiring an additional 196 shares during the last quarter. Chesley Taft & Associates LLC increased its position in shares of Fidelity National Financial by 1.9% during the second quarter. Chesley Taft & Associates LLC now owns 10,575 shares of the financial services provider’s stock worth $523,000 after buying an additional 200 shares during the period. GAMMA Investing LLC raised its stake in Fidelity National Financial by 10.6% during the first quarter. GAMMA Investing LLC now owns 2,155 shares of the financial services provider’s stock worth $114,000 after buying an additional 207 shares during the last quarter. Woodward Diversified Capital LLC lifted its holdings in Fidelity National Financial by 6.4% in the first quarter. Woodward Diversified Capital LLC now owns 4,219 shares of the financial services provider’s stock valued at $224,000 after buying an additional 254 shares during the period. Finally, Davis Capital Management boosted its position in Fidelity National Financial by 5.0% during the first quarter. Davis Capital Management now owns 5,821 shares of the financial services provider’s stock valued at $308,000 after acquiring an additional 279 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FNF. Stephens reissued an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Truist Financial increased their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods lifted their price target 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. 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.com, the stock currently has a consensus rating of “Hold” and an average price target of $61.80.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $60.87 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. The firm has a fifty day simple moving average of $56.65 and a two-hundred day simple moving average of $52.54. Fidelity National Financial, Inc. has a 12 month low of $37.10 and a 12 month high of $61.71. The firm has a market capitalization of $16.63 billion, a PE ratio of 20.02 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.03). Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the firm earned $1.01 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. Analysts forecast that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.15%. Fidelity National Financial’s dividend payout ratio is presently 63.16%.

Insider Activity at Fidelity National Financial

In related 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 value of $103,445.00. Following the completion of the sale, the director now directly owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.20% of the stock is owned by insiders.

About Fidelity National Financial

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.