Allspring Global Investments Holdings LLC Boosts Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Allspring Global Investments Holdings LLC lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 257.4% during the third quarter, Holdings Channel.com reports. The fund owned 19,498 shares of the financial services provider’s stock after acquiring an additional 14,042 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Fidelity National Financial were worth $1,210,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in Fidelity National Financial during the second quarter valued at $26,000. New Covenant Trust Company N.A. purchased a new position in shares of Fidelity National Financial in the first quarter worth about $30,000. Covestor Ltd boosted its position in Fidelity National Financial by 109.0% during the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 303 shares during the last quarter. Salomon & Ludwin LLC grew its stake in Fidelity National Financial by 231.0% during the 1st quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 425 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in Fidelity National Financial by 280.6% during the 3rd quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 505 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Down 1.3 %

Shares of NYSE:FNF opened at $60.19 on Friday. Fidelity National Financial, Inc. has a fifty-two week low of $38.77 and a fifty-two week high of $62.97. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. The firm’s 50-day simple moving average is $60.21 and its 200-day simple moving average is $54.54. The company has a market cap of $16.46 billion, a price-to-earnings ratio of 19.80 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last announced its quarterly 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). The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 EPS. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FNF shares. Keefe, Bruyette & Woods upped 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. Stephens restated an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Truist Financial boosted their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $62.40.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 13,206 shares of the company’s stock, valued at $803,585.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.20% of the company’s stock.

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.