MBB Public Markets I LLC Purchases New Shares in Fidelity National Financial, Inc. (NYSE:FNF)

MBB Public Markets I LLC purchased a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 17,950 shares of the financial services provider’s stock, valued at approximately $887,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Opal Wealth Advisors LLC acquired a new position in Fidelity National Financial in the 2nd quarter valued at $26,000. V Square Quantitative Management LLC acquired a new position in Fidelity National Financial in the 4th quarter valued at $27,000. New Covenant Trust Company N.A. acquired a new position in Fidelity National Financial in the 1st quarter valued at $30,000. Mather Group LLC. acquired a new position in Fidelity National Financial in the 1st quarter valued at $31,000. Finally, Covestor Ltd increased its stake in Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after buying an additional 303 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the transaction, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Price Performance

NYSE:FNF opened at $62.05 on Tuesday. The firm has a market cap of $16.95 billion, a price-to-earnings ratio of 20.41 and a beta of 1.36. 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 company’s 50-day moving average is $57.69 and its two-hundred day moving average is $53.06. Fidelity National Financial, Inc. has a 12-month low of $37.10 and a 12-month high of $62.11.

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

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.48 per share. The ex-dividend date was Monday, September 16th. This represents a $1.92 annualized dividend and a dividend yield of 3.09%. Fidelity National Financial’s payout ratio is currently 63.16%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods boosted 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. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Stephens reaffirmed an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a research note on Thursday, August 15th. Finally, Truist Financial upped their price target 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $61.80.

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.