Mutual of America Capital Management LLC Has $7.35 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

Mutual of America Capital Management LLC trimmed its position in Fidelity National Financial, Inc. (NYSE:FNF) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,620 shares of the financial services provider’s stock after selling 5,437 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of Fidelity National Financial worth $7,345,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Confluence Investment Management LLC acquired a new position in shares of Fidelity National Financial in the first quarter valued at about $135,347,000. Windacre Partnership LLC increased its holdings in shares of 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 worth $862,836,000 after purchasing an additional 1,424,767 shares during the period. Norges Bank acquired a new stake in shares of Fidelity National Financial in the fourth quarter valued at approximately $41,212,000. Vanguard Group Inc. boosted its stake in shares of Fidelity National Financial by 2.8% in the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock valued at $1,427,102,000 after buying an additional 728,768 shares during the period. Finally, Schroder Investment Management Group grew its position in Fidelity National Financial by 1,029.1% during the fourth quarter. Schroder Investment Management Group now owns 716,554 shares of the financial services provider’s stock worth $36,559,000 after buying an additional 653,091 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 0.2 %

FNF opened at $60.87 on Friday. The company has a market cap of $16.63 billion, a P/E ratio of 20.02 and a beta of 1.36. 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’s 50 day moving average is $56.65 and its 200-day moving average is $52.54. Fidelity National Financial, Inc. has a 1-year low of $37.10 and a 1-year high of $61.71.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). The company had revenue of $3.16 billion during 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%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.01 EPS. Equities research analysts predict that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

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

Insider Activity

In other news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was 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 owns 13,206 shares of the company’s stock, valued at $803,585.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

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

Fidelity National Financial Company 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.