The Manufacturers Life Insurance Company Sells 3,275 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

The Manufacturers Life Insurance Company lowered its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 202,941 shares of the financial services provider’s stock after selling 3,275 shares during the period. The Manufacturers Life Insurance Company’s holdings in Fidelity National Financial were worth $10,029,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. MBB Public Markets I LLC bought a new position in Fidelity National Financial during the 2nd quarter worth approximately $887,000. APG Asset Management N.V. boosted its position in shares of Fidelity National Financial by 499.4% during the second quarter. APG Asset Management N.V. now owns 53,050 shares of the financial services provider’s stock worth $2,446,000 after purchasing an additional 44,200 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Fidelity National Financial by 74.5% in the 2nd quarter. AQR Capital Management LLC now owns 246,918 shares of the financial services provider’s stock valued at $12,203,000 after buying an additional 105,444 shares during the period. Abich Financial Wealth Management LLC increased its position in shares of Fidelity National Financial by 1,852.3% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,089 shares of the financial services provider’s stock valued at $103,000 after buying an additional 1,982 shares in the last quarter. Finally, TPG GP A LLC bought a new position in Fidelity National Financial during the second quarter worth about $83,798,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions 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 on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the sale, the director now directly owns 13,206 shares of the company’s stock, valued at $803,585.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price target on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Truist Financial raised their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Stephens reaffirmed 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 given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $61.80.

Fidelity National Financial Stock Performance

Shares of FNF opened at $60.73 on Friday. The stock has a market capitalization of $16.59 billion, a price-to-earnings ratio of 19.98 and a beta of 1.36. Fidelity National Financial, Inc. has a 12 month low of $37.10 and a 12 month high of $62.11. The firm has a fifty day simple moving average of $58.12 and a 200 day simple moving average of $53.25. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last posted 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 business had revenue of $3.16 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 earnings per share. Research analysts forecast that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Monday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is 63.16%.

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.