Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 74.2% during the third quarter, HoldingsChannel reports. The firm owned 147,141 shares of the financial services provider’s stock after selling 423,822 shares during the period. BNP Paribas Financial Markets’ holdings in Fidelity National Financial were worth $9,132,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FNF. Cetera Investment Advisers increased its stake in Fidelity National Financial by 117.9% during the 1st quarter. Cetera Investment Advisers now owns 44,417 shares of the financial services provider’s stock worth $2,359,000 after buying an additional 24,034 shares during the period. M&G Plc acquired a new position in shares of Fidelity National Financial in the second quarter worth about $629,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Fidelity National Financial by 61.0% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,707 shares of the financial services provider’s stock valued at $2,457,000 after purchasing an additional 18,838 shares during the last quarter. 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 valued at $42,096,000 after purchasing an additional 82,982 shares in the last quarter. Finally, Swedbank AB increased its holdings 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 worth $2,630,000 after purchasing an additional 8,511 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Down 0.6 %

Shares of NYSE:FNF opened at $63.03 on Tuesday. The company’s fifty day moving average is $60.96 and its two-hundred day moving average is $56.27. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a 1-year low of $44.80 and a 1-year high of $64.83. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of 22.92 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last released 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 for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the company earned $1.23 EPS. Fidelity National Financial’s revenue was up 29.7% compared to the same quarter last year. Equities analysts anticipate 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 issued a $0.50 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.17%. Fidelity National Financial’s dividend payout ratio (DPR) is 69.82%.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the firm’s 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 sale, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. This trade represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

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