Bridges Investment Management Inc. Buys New Position in Fidelity National Financial, Inc. (NYSE:FNF)

Bridges Investment Management Inc. purchased a new position in Fidelity National Financial, Inc. (NYSE:FNF) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 24,750 shares of the financial services provider’s stock, valued at approximately $1,223,000.

Several other large investors also recently bought and sold shares of FNF. Confluence Investment Management LLC purchased a new position in shares of Fidelity National Financial in the first quarter valued at $135,347,000. Windacre Partnership LLC boosted its position in Fidelity National Financial by 9.6% in the 1st quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock valued at $862,836,000 after buying an additional 1,424,767 shares during the last quarter. Norges Bank acquired a new stake in shares of Fidelity National Financial during the fourth quarter valued at about $41,212,000. Vanguard Group Inc. increased its position in shares of Fidelity National Financial by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock worth $1,427,102,000 after acquiring an additional 728,768 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of Fidelity National Financial by 1,029.1% in the fourth quarter. Schroder Investment Management Group now owns 716,554 shares of the financial services provider’s stock worth $36,559,000 after acquiring an additional 653,091 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is currently owned by insiders.

Fidelity National Financial Stock Performance

FNF stock opened at $60.94 on Friday. The stock’s 50 day simple moving average is $56.83 and its 200 day simple moving average is $52.61. Fidelity National Financial, Inc. has a 12-month low of $37.10 and a 12-month high of $62.00. The firm has a market cap of $16.65 billion, a P/E ratio of 20.05 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.

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). 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 last year, the company posted $1.01 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Announces Dividend

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

Analysts Set New Price Targets

FNF has been the subject of a number of recent analyst reports. Stephens restated an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Truist Financial raised their price target 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 upped their price target 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 objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. Finally, StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial presently has an average rating of “Hold” and a consensus price target of $61.80.

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.