abrdn plc Grows Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

abrdn plc boosted its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 102.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 89,374 shares of the financial services provider’s stock after acquiring an additional 45,137 shares during the period. abrdn plc’s holdings in Fidelity National Financial were worth $4,560,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Hunter Associates Investment Management LLC grew its stake in Fidelity National Financial by 0.3% in the 4th quarter. Hunter Associates Investment Management LLC now owns 77,198 shares of the financial services provider’s stock valued at $3,940,000 after acquiring an additional 255 shares during the last quarter. Stephenson & Company Inc. acquired a new stake in shares of Fidelity National Financial during the 4th quarter worth about $277,000. Xponance Inc. boosted its stake in shares of Fidelity National Financial by 1.0% during the 4th quarter. Xponance Inc. now owns 31,735 shares of the financial services provider’s stock worth $1,619,000 after purchasing an additional 315 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Fidelity National Financial by 3.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 16,096 shares of the financial services provider’s stock worth $821,000 after purchasing an additional 600 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. boosted its stake in shares of Fidelity National Financial by 50.6% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 32,303 shares of the financial services provider’s stock worth $1,648,000 after purchasing an additional 10,851 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Financial

In related news, Director Cary H. Thompson sold 23,410 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $51.11, for a total value of $1,196,485.10. Following the transaction, the director now owns 40,317 shares in the company, valued at $2,060,601.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.40% of the stock is currently owned by insiders.

Fidelity National Financial Trading Up 1.0 %

Shares of FNF stock opened at $50.39 on Friday. The firm has a market cap of $13.77 billion, a P/E ratio of 26.38 and a beta of 1.34. Fidelity National Financial, Inc. has a 1-year low of $32.02 and a 1-year high of $53.96. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.21 and a quick ratio of 0.21. The firm’s 50-day simple moving average is $50.66 and its 200-day simple moving average is $47.87.

Fidelity National Financial (NYSE:FNF) last posted 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). Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the previous year, the business posted $1.06 EPS. As a group, equities analysts forecast 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. Investors of record on Friday, March 15th were issued a $0.48 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.92 annualized dividend and a yield of 3.81%. Fidelity National Financial’s payout ratio is 100.52%.

Analysts Set New Price Targets

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

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.