International Assets Investment Management LLC Has $26.92 Million Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

International Assets Investment Management LLC increased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 6,061.9% during the third quarter, HoldingsChannel.com reports. The firm owned 43,380 shares of the financial services provider’s stock after buying an additional 42,676 shares during the period. International Assets Investment Management LLC’s holdings in Fidelity National Financial were worth $26,920,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP increased its holdings in Fidelity National Financial by 45.3% in the 4th quarter. Wellington Management Group LLP now owns 38,396 shares of the financial services provider’s stock valued at $1,959,000 after buying an additional 11,978 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Fidelity National Financial by 3.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,819 shares of the financial services provider’s stock valued at $1,052,000 after acquiring an additional 625 shares during the period. State of Michigan Retirement System raised its position in Fidelity National Financial by 2.3% in the first quarter. State of Michigan Retirement System now owns 67,200 shares of the financial services provider’s stock worth $3,568,000 after purchasing an additional 1,500 shares in the last quarter. Tradewinds Capital Management LLC bought a new position in Fidelity National Financial during the first quarter worth about $106,000. Finally, Commonwealth Equity Services LLC boosted its holdings in Fidelity National Financial by 7.9% during the first quarter. Commonwealth Equity Services LLC now owns 78,324 shares of the financial services provider’s stock valued at $4,159,000 after purchasing an additional 5,759 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial 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 of the company’s stock, valued at approximately $803,585.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF opened at $60.63 on Tuesday. The business has a fifty day moving average of $60.02 and a 200-day moving average of $54.38. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. Fidelity National Financial, Inc. has a twelve month low of $38.51 and a twelve month high of $62.97. The firm has a market cap of $16.58 billion, a PE ratio of 18.10 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last posted 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). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the business posted $1.01 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts predict that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Monday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 57.31%.

Analyst Ratings Changes

Several research firms recently commented on FNF. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Truist Financial lifted their price objective on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped 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. Keefe, Bruyette & Woods lifted 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. Finally, Barclays boosted their price target on shares of 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.40.

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.