Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 29.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,585 shares of the financial services provider’s stock after acquiring an additional 5,879 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Fidelity National Financial were worth $1,588,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial in the 2nd quarter valued at $26,000. New Covenant Trust Company N.A. purchased a new stake in Fidelity National Financial during the first quarter valued at about $30,000. Mather Group LLC. acquired a new stake in Fidelity National Financial during the first quarter worth about $31,000. Covestor Ltd raised its holdings in shares of Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 303 shares during the period. Finally, Salomon & Ludwin LLC lifted its stake in shares of Fidelity National Financial by 231.0% in the 1st quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 425 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Truist Financial increased their target price 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. Deutsche Bank Aktiengesellschaft raised 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 note 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 issued a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Finally, Keefe, Bruyette & Woods boosted their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $62.40.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial 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 sale, the director now owns 13,206 shares in the company, valued at approximately $803,585.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $60.74 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23. The company’s fifty day moving average price is $59.62 and its two-hundred day moving average price is $54.05. The firm has a market capitalization of $16.60 billion, a P/E ratio of 19.98 and a beta of 1.36. Fidelity National Financial, Inc. has a 12 month low of $37.10 and a 12 month high of $62.97.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 earnings per share. On average, research analysts anticipate that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Monday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 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.