Bridges Investment Management Inc. Acquires New Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Bridges Investment Management Inc. bought a new position in Fidelity National Financial, Inc. (NYSE:FNF) in the 2nd quarter, HoldingsChannel reports. The fund bought 24,750 shares of the financial services provider’s stock, valued at approximately $1,223,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Gilbert & Cook Inc. grew its holdings in Fidelity National Financial by 5.0% in the 4th quarter. Gilbert & Cook Inc. now owns 6,118 shares of the financial services provider’s stock worth $312,000 after buying an additional 293 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Fidelity National Financial in the fourth quarter worth $217,000. Janney Montgomery Scott LLC increased its holdings in shares of Fidelity National Financial by 16.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 32,575 shares of the financial services provider’s stock valued at $1,662,000 after purchasing an additional 4,489 shares during the period. Norges Bank bought a new stake in shares of Fidelity National Financial during the fourth quarter valued at about $41,212,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Fidelity National Financial by 128.3% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,446 shares of the financial services provider’s stock worth $482,000 after purchasing an additional 5,309 shares during the period. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 0.1 %

FNF stock opened at $60.94 on Friday. The firm has a market cap of $16.65 billion, a PE ratio of 20.05 and a beta of 1.36. Fidelity National Financial, Inc. has a 12 month low of $37.10 and a 12 month high of $62.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a 50 day simple moving average of $56.83 and a 200 day simple moving average of $52.61.

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

Fidelity National Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Truist Financial raised their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Stephens restated an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Keefe, Bruyette & Woods lifted their price target on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $61.80.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 13,206 shares in the company, valued at $803,585.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.20% of the company’s stock.

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.