Elo Mutual Pension Insurance Co Has $1.07 Million Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Elo Mutual Pension Insurance Co trimmed its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 8.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,633 shares of the financial services provider’s stock after selling 1,991 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Fidelity National Financial were worth $1,069,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Fidelity National Financial by 5.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,579 shares of the financial services provider’s stock worth $1,016,000 after acquiring an additional 1,147 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Fidelity National Financial by 1.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 100,232 shares of the financial services provider’s stock worth $4,953,000 after acquiring an additional 1,380 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Fidelity National Financial in the 2nd quarter worth approximately $1,223,000. Edgestream Partners L.P. boosted its holdings in shares of Fidelity National Financial by 623.0% in the 2nd quarter. Edgestream Partners L.P. now owns 137,545 shares of the financial services provider’s stock worth $6,797,000 after acquiring an additional 118,522 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Fidelity National Financial in the 2nd quarter worth approximately $1,305,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on FNF. Keefe, Bruyette & Woods boosted their target price on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. Truist Financial boosted their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Stephens reiterated an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $61.80.

Fidelity National Financial Price Performance

FNF opened at $60.94 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. Fidelity National Financial, Inc. has a 12 month low of $37.10 and a 12 month high of $62.00. The company has a fifty day simple moving average of $56.83 and a 200 day simple moving average of $52.61. The stock has a market cap of $16.65 billion, a P/E ratio of 20.05 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last released 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). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the company earned $1.01 EPS. Fidelity National Financial’s quarterly revenue was up 2.9% on a year-over-year basis. On average, research analysts expect that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Monday, September 16th. Fidelity National Financial’s payout ratio is presently 63.16%.

Insider Buying and Selling

In related 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 value of $103,445.00. Following the completion of the transaction, the director now directly owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 5.20% of the company’s stock.

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.