Fidelity National Financial, Inc. (NYSE:FNF) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 3.9% in the fourth quarter, HoldingsChannel reports. The fund owned 16,096 shares of the financial services provider’s stock after buying an additional 600 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Fidelity National Financial were worth $821,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FNF. First Eagle Investment Management LLC boosted its position in Fidelity National Financial by 34.8% during the 3rd quarter. First Eagle Investment Management LLC now owns 5,942,081 shares of the financial services provider’s stock worth $245,408,000 after acquiring an additional 1,535,401 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Fidelity National Financial by 62.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,061,024 shares of the financial services provider’s stock worth $126,420,000 after purchasing an additional 1,179,506 shares in the last quarter. Bank of Nova Scotia raised its stake in shares of Fidelity National Financial by 12,859.1% during the 3rd quarter. Bank of Nova Scotia now owns 875,775 shares of the financial services provider’s stock worth $36,170,000 after purchasing an additional 869,017 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Fidelity National Financial during the 3rd quarter worth about $33,040,000. Finally, Northern Trust Corp raised its stake in shares of Fidelity National Financial by 41.9% during the 3rd quarter. Northern Trust Corp now owns 2,364,867 shares of the financial services provider’s stock worth $97,669,000 after purchasing an additional 698,322 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of Fidelity National Financial stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $51.11, for a total value of $1,196,485.10. Following the transaction, the director now directly owns 40,317 shares of the company’s stock, valued at approximately $2,060,601.87. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 5.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FNF shares. Deutsche Bank Aktiengesellschaft started coverage on Fidelity National Financial in a research note on Wednesday, January 10th. They set a “hold” rating for the company. Barclays raised their price objective on Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Truist Financial raised their price objective on Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $54.20.

Fidelity National Financial Stock Performance

Shares of NYSE FNF opened at $49.88 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $50.70 and its two-hundred day moving average is $47.73. The company has a market cap of $13.63 billion, a P/E ratio of 26.12 and a beta of 1.34. Fidelity National Financial, Inc. has a 12 month low of $32.02 and a 12 month high of $53.96.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.27). The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $2.80 billion. Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. During the same period in the prior year, the firm earned $1.06 earnings per share. On average, equities analysts expect that Fidelity National Financial, Inc. will post 4.81 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.85%. The ex-dividend date was Thursday, March 14th. Fidelity National Financial’s dividend payout ratio is currently 100.52%.

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.