Hsbc Holdings PLC Buys 121,933 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Hsbc Holdings PLC boosted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 18.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 774,931 shares of the financial services provider’s stock after buying an additional 121,933 shares during the quarter. Hsbc Holdings PLC owned approximately 0.28% of Fidelity National Financial worth $38,334,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial during the second quarter valued at $26,000. V Square Quantitative Management LLC bought a new stake in Fidelity National Financial during the 4th quarter worth about $27,000. New Covenant Trust Company N.A. acquired a new position in Fidelity National Financial during the 1st quarter valued at about $30,000. Mather Group LLC. bought a new position in shares of Fidelity National Financial in the 1st quarter valued at about $31,000. Finally, Covestor Ltd grew its position in shares of Fidelity National Financial by 109.0% during the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after buying an additional 303 shares during the period. 81.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Fidelity National Financial Stock Performance

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

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

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders 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 of this dividend is Monday, September 16th. Fidelity National Financial’s payout ratio is currently 63.16%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the 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 completion of the sale, the director now owns 13,206 shares of the company’s stock, valued at $803,585.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.20% of the company’s stock.

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.