Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 3.7% in the third quarter, Holdings Channel.com reports. The firm owned 195,423 shares of the financial services provider’s stock after selling 7,518 shares during the period. The Manufacturers Life Insurance Company’s holdings in Fidelity National Financial were worth $12,128,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC increased its stake in shares of Fidelity National Financial by 37.0% in the first quarter. Tidal Investments LLC now owns 22,617 shares of the financial services provider’s stock worth $1,201,000 after buying an additional 6,105 shares during the last quarter. Atria Investments Inc increased its position in shares of Fidelity National Financial by 14.2% in the 1st quarter. Atria Investments Inc now owns 28,313 shares of the financial services provider’s stock worth $1,503,000 after purchasing an additional 3,519 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Fidelity National Financial by 117.9% in the 1st quarter. Cetera Investment Advisers now owns 44,417 shares of the financial services provider’s stock valued at $2,359,000 after purchasing an additional 24,034 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of Fidelity National Financial by 41.9% during the first quarter. Cetera Advisors LLC now owns 10,976 shares of the financial services provider’s stock worth $583,000 after purchasing an additional 3,241 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Fidelity National Financial by 24.3% in the second quarter. GAMMA Investing LLC now owns 2,679 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 524 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the business’s 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 sale, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. The trade was a 11.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Down 0.6 %

FNF stock opened at $63.03 on Tuesday. The stock has a market cap of $17.25 billion, a PE ratio of 22.92 and a beta of 1.37. The firm’s 50-day simple moving average is $60.96 and its 200 day simple moving average is $56.27. Fidelity National Financial, Inc. has a fifty-two week low of $44.80 and a fifty-two week high of $64.83. 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 (NYSE:FNF) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business’s quarterly revenue was up 29.7% on a year-over-year basis. During the same period last year, the firm posted $1.23 EPS. As a group, sell-side analysts predict that Fidelity National Financial, Inc. will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Tuesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is 69.82%.

Analyst Ratings Changes

A number of research analysts have commented on FNF shares. Truist Financial increased their target price on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Stephens reissued an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. 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 increased their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $63.60.

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.