Keybank National Association OH Buys New Position in Fidelity National Financial, Inc. (NYSE:FNF)

Keybank National Association OH acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNFGet Rating) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,129 shares of the financial services provider’s stock, valued at approximately $227,000.

Other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP grew its stake in Fidelity National Financial by 109.5% in the first quarter. First Trust Advisors LP now owns 8,590,814 shares of the financial services provider’s stock valued at $419,575,000 after acquiring an additional 4,489,781 shares during the period. Vanguard Group Inc. grew its position in shares of Fidelity National Financial by 4.5% in the first quarter. Vanguard Group Inc. now owns 28,877,107 shares of the financial services provider’s stock valued at $1,410,358,000 after purchasing an additional 1,250,233 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Fidelity National Financial by 53.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,124,162 shares of the financial services provider’s stock valued at $103,744,000 after purchasing an additional 738,910 shares during the last quarter. Invesco Ltd. grew its position in shares of Fidelity National Financial by 150.1% in the first quarter. Invesco Ltd. now owns 821,910 shares of the financial services provider’s stock valued at $40,142,000 after purchasing an additional 493,265 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its position in Fidelity National Financial by 956.5% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 534,032 shares of the financial services provider’s stock worth $26,082,000 after buying an additional 483,485 shares in the last quarter. Institutional investors own 78.12% of the company’s stock.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $42.53 on Monday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.46. The stock has a market cap of $11.57 billion, a P/E ratio of 7.47 and a beta of 1.32. The company’s 50 day moving average price is $38.77 and its two-hundred day moving average price is $39.08. Fidelity National Financial, Inc. has a 52 week low of $34.51 and a 52 week high of $56.44.

Fidelity National Financial (NYSE:FNFGet Rating) last issued its quarterly earnings data on Tuesday, November 8th. The financial services provider reported $1.07 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.47). The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.22 billion. Fidelity National Financial had a net margin of 11.60% and a return on equity of 22.56%. The business’s revenue was down 17.6% on a year-over-year basis. During the same period last year, the company posted $2.12 earnings per share. On average, equities analysts predict that Fidelity National Financial, Inc. will post 5.74 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be paid a $0.45 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.44. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Thursday, December 15th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 30.93%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on FNF shares. StockNews.com started coverage on Fidelity National Financial in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Barclays reduced their price target on Fidelity National Financial from $68.00 to $51.00 and set an “overweight” rating on the stock in a research report on Monday, October 17th. Truist Financial cut their target price on Fidelity National Financial from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, October 17th. Finally, Stephens cut their target price on Fidelity National Financial from $52.00 to $49.00 and set an “overweight” rating for the company in a research note on Monday, September 26th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Fidelity National Financial currently has an average rating of “Moderate Buy” and an average target price of $56.20.

Insider Buying and Selling

In other news, Director Peter O. Shea, Jr. sold 13,389 shares of the business’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $40.83, for a total value of $546,672.87. Following the completion of the sale, the director now owns 200,642 shares in the company, valued at approximately $8,192,212.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Peter O. Shea, Jr. sold 13,389 shares of the stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $40.83, for a total value of $546,672.87. Following the completion of the sale, the director now directly owns 200,642 shares in the company, valued at $8,192,212.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Peter T. Sadowski sold 22,500 shares of the stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $40.85, for a total transaction of $919,125.00. Following the transaction, the executive vice president now directly owns 105,898 shares of the company’s stock, valued at approximately $4,325,933.30. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.

About Fidelity National Financial

(Get Rating)

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 insurance.

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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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