International Assets Investment Management LLC Has $26.92 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

International Assets Investment Management LLC boosted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 6,061.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,380 shares of the financial services provider’s stock after purchasing an additional 42,676 shares during the period. International Assets Investment Management LLC’s holdings in Fidelity National Financial were worth $26,920,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in shares of Fidelity National Financial during the 2nd quarter valued at $26,000. New Covenant Trust Company N.A. purchased a new position in Fidelity National Financial in the first quarter valued at about $30,000. Covestor Ltd increased its position in 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 last quarter. Salomon & Ludwin LLC raised its stake in shares of Fidelity National Financial by 231.0% during the 1st quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 425 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Fidelity National Financial during the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FNF shares. Deutsche Bank Aktiengesellschaft increased their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Truist Financial increased 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 note on Wednesday, August 7th. Barclays lifted their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods upped 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, Stephens restated an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. 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, Fidelity National Financial presently has an average rating of “Hold” and an average target price of $62.40.

Fidelity National Financial Price Performance

NYSE FNF opened at $60.63 on Tuesday. The company has a market cap of $16.58 billion, a P/E ratio of 18.10 and a beta of 1.36. Fidelity National Financial, Inc. has a 1 year low of $38.51 and a 1 year high of $62.97. 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 has a fifty day simple moving average of $60.02 and a 200 day simple moving average of $54.38.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the business posted $1.01 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, sell-side 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 declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.17%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 57.31%.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were 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 in the company, valued at $803,585.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.20% of the stock is owned by company insiders.

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.