Allspring Global Investments Holdings LLC Has $1.21 Million Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Allspring Global Investments Holdings LLC grew its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 257.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,498 shares of the financial services provider’s stock after purchasing an additional 14,042 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Fidelity National Financial were worth $1,210,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FNF. Cyndeo Wealth Partners LLC increased its position in shares of Fidelity National Financial by 8.0% in the third quarter. Cyndeo Wealth Partners LLC now owns 116,894 shares of the financial services provider’s stock valued at $7,254,000 after acquiring an additional 8,618 shares during the last quarter. Embree Financial Group grew its holdings in shares of Fidelity National Financial by 5.7% during the 3rd quarter. Embree Financial Group now owns 6,438 shares of the financial services provider’s stock worth $400,000 after purchasing an additional 345 shares in the last quarter. Net Worth Advisory Group bought a new position in Fidelity National Financial in the third quarter valued at approximately $365,000. Stonegate Investment Group LLC boosted its stake in Fidelity National Financial by 5.9% in the third quarter. Stonegate Investment Group LLC now owns 45,125 shares of the financial services provider’s stock valued at $2,800,000 after buying an additional 2,532 shares in the last quarter. Finally, Claro Advisors LLC bought a new position in Fidelity National Financial in the 3rd quarter valued at approximately $1,117,000. 81.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Truist Financial increased their price target 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. Keefe, Bruyette & Woods upped their target price on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Stephens reaffirmed an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft raised 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. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $62.40.

Fidelity National Financial Stock Down 1.3 %

Shares of NYSE FNF opened at $60.19 on Friday. The stock has a market capitalization of $16.46 billion, a P/E ratio of 19.80 and a beta of 1.36. Fidelity National Financial, Inc. has a one year low of $38.77 and a one year high of $62.97. The firm’s 50 day simple moving average is $60.21 and its two-hundred day simple moving average is $54.54. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23.

Fidelity National Financial (NYSE:FNF) last posted 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). The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations 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 previous year, the company earned $1.01 earnings per share. As a group, analysts expect that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction 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 sale, the director now directly owns 13,206 shares of the company’s stock, valued at $803,585.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.20% of the company’s stock.

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.