Fidelity National Financial, Inc. (NYSE:FNF) Stake Cut by First Eagle Investment Management LLC

First Eagle Investment Management LLC decreased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,073,101 shares of the financial services provider’s stock after selling 22,680 shares during the period. First Eagle Investment Management LLC owned about 2.22% of Fidelity National Financial worth $300,133,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. KBC Group NV grew its position in shares of Fidelity National Financial by 845.5% during the 4th quarter. KBC Group NV now owns 631,801 shares of the financial services provider’s stock valued at $32,234,000 after buying an additional 564,980 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Fidelity National Financial by 673.6% during the 1st quarter. BNP Paribas Financial Markets now owns 666,900 shares of the financial services provider’s stock worth $35,412,000 after purchasing an additional 580,694 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Fidelity National Financial by 7.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 327,206 shares of the financial services provider’s stock worth $17,375,000 after purchasing an additional 23,358 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Fidelity National Financial by 49.0% during the 1st quarter. Advisors Asset Management Inc. now owns 39,644 shares of the financial services provider’s stock valued at $2,105,000 after purchasing an additional 13,039 shares during the period. Finally, Lloyd Advisory Services LLC. bought a new position in Fidelity National Financial during the 1st quarter worth $1,010,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Up 0.4 %

Fidelity National Financial stock opened at $60.99 on Thursday. Fidelity National Financial, Inc. has a 52 week low of $37.10 and a 52 week high of $61.71. The stock has a market cap of $16.66 billion, a price-to-earnings ratio of 20.06 and a beta of 1.36. The company’s 50-day moving average price is $56.46 and its two-hundred day moving average price is $52.49. 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 company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. Fidelity National Financial’s revenue 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. On average, analysts expect that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 annualized dividend and a dividend yield of 3.15%. Fidelity National Financial’s dividend payout ratio (DPR) is 63.16%.

Wall Street Analysts Forecast Growth

FNF has been the topic of a number of recent research reports. Stephens reiterated an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday, August 15th. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods raised 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 research note on Wednesday, September 4th. Truist Financial lifted their price target on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Four 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, Fidelity National Financial currently has a consensus rating of “Hold” and a consensus target price of $61.80.

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.