Cwm LLC Boosts Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Cwm LLC raised its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 101.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,729 shares of the financial services provider’s stock after purchasing an additional 5,913 shares during the quarter. Cwm LLC’s holdings in Fidelity National Financial were worth $728,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FNF. TPG GP A LLC purchased a new stake in Fidelity National Financial in the second quarter valued at $83,798,000. Windacre Partnership LLC raised its position in Fidelity National Financial by 9.6% in 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 during the period. Vanguard Group Inc. grew 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 in the last quarter. Victory Capital Management Inc. grew its stake in shares of Fidelity National Financial by 8.5% in the second 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 in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Fidelity National Financial by 673.6% in the first quarter. BNP Paribas Financial Markets now owns 666,900 shares of the financial services provider’s stock valued at $35,412,000 after buying an additional 580,694 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analysts Set New Price Targets

FNF has been the subject of a number of research reports. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Stephens reaffirmed an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Truist Financial lifted their price objective on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. 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 note on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods lifted their price objective 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. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $62.40.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the transaction, the director now directly owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Trading Down 0.8 %

FNF opened at $62.16 on Friday. Fidelity National Financial, Inc. has a 12 month low of $37.10 and a 12 month high of $62.97. The stock has a market capitalization of $16.98 billion, a price-to-earnings ratio of 20.45 and a beta of 1.36. 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 business has a fifty day moving average price of $59.50 and a 200 day moving average price of $53.96.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing the consensus estimate 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 company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the previous year, the firm earned $1.01 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.48 per share. The ex-dividend date was Monday, September 16th. This represents a $1.92 annualized dividend and a dividend yield of 3.09%. Fidelity National Financial’s dividend payout ratio 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.