BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $2.46 Million Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 61.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,707 shares of the financial services provider’s stock after buying an additional 18,838 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Fidelity National Financial were worth $2,457,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Fidelity National Financial by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock worth $1,427,102,000 after acquiring an additional 728,768 shares during the period. Windacre Partnership LLC increased its holdings in shares of Fidelity National Financial by 9.6% during the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock worth $862,836,000 after purchasing an additional 1,424,767 shares during the period. Victory Capital Management Inc. raised its position in shares of Fidelity National Financial by 8.5% in the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after buying an additional 640,829 shares in the last quarter. Cooke & Bieler LP boosted its stake in shares of Fidelity National Financial by 3.2% in the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock valued at $293,436,000 after buying an additional 184,078 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Fidelity National Financial by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider’s stock worth $169,421,000 after acquiring an additional 77,118 shares during the period. Institutional investors own 81.17% of the company’s stock.

Analysts Set New Price Targets

FNF has been the subject of a number of recent analyst reports. Truist Financial upped their target price on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 4th. Stephens restated an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $61.80.

Insider Activity

In other news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 13,206 shares of the company’s stock, valued at $803,585.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Trading Up 1.3 %

FNF opened at $61.12 on Friday. The company has a market cap of $16.70 billion, a P/E ratio of 20.11 and a beta of 1.36. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. The company’s 50 day moving average is $57.53 and its 200-day moving average is $52.94. Fidelity National Financial, Inc. has a 1-year low of $37.10 and a 1-year high of $62.00.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the firm posted $1.01 EPS. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities research analysts predict that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given 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 3.14%. Fidelity National Financial’s dividend payout ratio is presently 63.16%.

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.