Geode Capital Management LLC Raises Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Geode Capital Management LLC grew its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 1.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,462,837 shares of the financial services provider’s stock after buying an additional 69,643 shares during the quarter. Geode Capital Management LLC’s holdings in Fidelity National Financial were worth $276,343,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in FNF. Capital Performance Advisors LLP purchased a new position in Fidelity National Financial in the third quarter worth approximately $32,000. Brooklyn Investment Group purchased a new stake in shares of Fidelity National Financial during the 3rd quarter worth $35,000. True Wealth Design LLC acquired a new position in shares of Fidelity National Financial during the third quarter worth $41,000. UMB Bank n.a. increased its holdings in Fidelity National Financial by 280.6% in the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock valued at $43,000 after buying an additional 505 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in Fidelity National Financial by 141.1% in the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after buying an additional 402 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

FNF stock opened at $59.96 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $16.41 billion, a P/E ratio of 21.80 and a beta of 1.36. The business has a 50 day simple moving average of $61.02 and a 200-day simple moving average of $56.86. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The firm’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 EPS. As a group, equities analysts anticipate that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.34%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio (DPR) is currently 72.73%.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial 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 transaction, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays upped their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods increased their price target on shares of Fidelity National Financial from $63.00 to $64.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. Finally, Truist Financial upped their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $63.80.

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.