Thrivent Financial for Lutherans Has $3.10 Million Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Thrivent Financial for Lutherans lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 3.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,719 shares of the financial services provider’s stock after selling 2,073 shares during the period. Thrivent Financial for Lutherans’ holdings in Fidelity National Financial were worth $3,100,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FNF. Vanguard Group Inc. grew its stake in Fidelity National Financial by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock valued at $1,427,102,000 after acquiring an additional 728,768 shares in the last quarter. Windacre Partnership LLC grew its position in Fidelity National Financial by 9.6% during the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock valued at $862,836,000 after purchasing an additional 1,424,767 shares in the last quarter. Victory Capital Management Inc. increased its stake in Fidelity National Financial by 8.5% in the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after buying an additional 640,829 shares during the period. Cooke & Bieler LP lifted its position in Fidelity National Financial by 3.2% in the 2nd quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock worth $293,436,000 after buying an additional 184,078 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Fidelity National Financial by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider’s stock valued at $169,421,000 after buying an additional 77,118 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FNF shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods boosted their price target on 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 raised their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Stephens reissued an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $61.80.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.20% of the stock is currently owned by insiders.

Fidelity National Financial Stock Up 1.3 %

Fidelity National Financial stock opened at $61.12 on Monday. The firm has a market capitalization of $16.70 billion, a price-to-earnings ratio of 20.11 and a beta of 1.36. The company’s 50 day simple moving average is $57.53 and its 200 day simple moving average is $52.97. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23. Fidelity National Financial, Inc. has a fifty-two week low of $37.10 and a fifty-two week high of $62.00.

Fidelity National Financial (NYSE:FNF) last issued 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 return on equity of 14.48% and a net margin of 7.19%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 earnings per share. As a group, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Announces Dividend

The business 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. This represents a $1.92 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Monday, September 16th. Fidelity National Financial’s payout ratio is presently 63.16%.

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.