CIBC Asset Management Inc Has $994,000 Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

CIBC Asset Management Inc grew its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 3.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,022 shares of the financial services provider’s stock after buying an additional 499 shares during the quarter. CIBC Asset Management Inc’s holdings in Fidelity National Financial were worth $994,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Covestor Ltd increased its holdings in Fidelity National Financial by 109.0% during the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 303 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Fidelity National Financial by 8.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 18,827 shares of the financial services provider’s stock valued at $1,000,000 after buying an additional 1,470 shares during the last quarter. UniSuper Management Pty Ltd lifted its stake in Fidelity National Financial by 94.7% in the 1st quarter. UniSuper Management Pty Ltd now owns 3,700 shares of the financial services provider’s stock valued at $196,000 after acquiring an additional 1,800 shares in the last quarter. CreativeOne Wealth LLC boosted its position in Fidelity National Financial by 54.1% during the 1st quarter. CreativeOne Wealth LLC now owns 10,129 shares of the financial services provider’s stock worth $538,000 after acquiring an additional 3,557 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its stake in shares of Fidelity National Financial by 26.2% during the 1st quarter. EP Wealth Advisors LLC now owns 5,450 shares of the financial services provider’s stock worth $289,000 after acquiring an additional 1,133 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

NYSE:FNF opened at $60.08 on Thursday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 12-month low of $44.10 and a 12-month high of $62.97. The stock’s 50 day moving average price is $60.60 and its two-hundred day moving average price is $55.63. The firm has a market capitalization of $16.44 billion, a price-to-earnings ratio of 21.85 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the business earned $1.23 EPS. The company’s revenue for the quarter was up 29.7% compared to the same quarter last year. On average, analysts anticipate that Fidelity National Financial, Inc. will post 4.5 earnings per share 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. Shareholders of record on Tuesday, December 17th will be issued a $0.50 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio is currently 69.82%.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the business’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 completion of the sale, the director now directly owns 13,206 shares in the company, valued at $803,585.10. The trade was a 11.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

FNF has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Barclays lifted their target price on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods increased 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. Truist Financial upped their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Stephens reissued an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $63.60.

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.