Nisa Investment Advisors LLC Boosts Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Nisa Investment Advisors LLC boosted its position in Fidelity National Financial, Inc. (NYSE:FNF) by 17.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,685 shares of the financial services provider’s stock after acquiring an additional 5,410 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Fidelity National Financial were worth $1,764,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in Fidelity National Financial in the 2nd quarter worth approximately $26,000. V Square Quantitative Management LLC bought a new position in shares of Fidelity National Financial during the 4th quarter valued at $27,000. New Covenant Trust Company N.A. purchased a new position in Fidelity National Financial in the 1st quarter worth $30,000. Mather Group LLC. purchased a new stake in Fidelity National Financial during the first quarter valued at about $31,000. Finally, Covestor Ltd grew its stake in shares of Fidelity National Financial by 109.0% during the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after buying an additional 303 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 1.2 %

Shares of NYSE FNF opened at $57.39 on Thursday. The firm has a fifty day simple moving average of $52.34 and a two-hundred day simple moving average of $51.34. The firm has a market capitalization of $15.68 billion, a PE ratio of 18.88 and a beta of 1.35. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12 month low of $37.10 and a 12 month high of $57.66.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. Fidelity National Financial’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 earnings per share. Equities analysts expect that Fidelity National Financial, Inc. will post 4.58 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 annualized dividend and a yield of 3.35%. Fidelity National Financial’s payout ratio is 63.16%.

Insiders Place Their Bets

In other news, CFO Anthony Park sold 85,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the sale, the chief financial officer now owns 99,049 shares in the company, valued at approximately $5,033,670.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 5.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $53.00 target price on shares of Fidelity National Financial in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft increased 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. Truist Financial upped their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Stephens restated an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Fidelity National Financial presently has a consensus rating of “Hold” and an average price target of $59.80.

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.