Royal London Asset Management Ltd. Boosts Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Royal London Asset Management Ltd. grew its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 128,263 shares of the financial services provider’s stock after buying an additional 6,852 shares during the period. Royal London Asset Management Ltd.’s holdings in Fidelity National Financial were worth $7,960,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in Fidelity National Financial by 8.5% in the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after acquiring an additional 640,829 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Fidelity National Financial by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock valued at $498,041,000 after purchasing an additional 289,962 shares during the last quarter. Cooke & Bieler LP lifted its position in Fidelity National Financial by 3.2% during the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock worth $293,436,000 after buying an additional 184,078 shares during the period. Dimensional Fund Advisors LP boosted its stake in Fidelity National Financial by 2.3% in 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 buying an additional 77,118 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its holdings in Fidelity National Financial by 0.4% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,833,765 shares of the financial services provider’s stock valued at $113,803,000 after buying an additional 6,976 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $62.01 on Monday. 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 cap of $16.97 billion, a PE ratio of 22.55 and a beta of 1.36. The company’s fifty day simple moving average is $61.09 and its 200-day simple moving average is $56.55. Fidelity National Financial, Inc. has a 52 week low of $46.35 and a 52 week high of $64.83.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. The company’s revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Fidelity National Financial, Inc. will post 4.54 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.50 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio is presently 69.82%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FNF shares. Stephens restated an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Barclays boosted their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Truist Financial increased their target price on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods boosted their price target on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $63.60.

Insider Activity

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 transaction of $103,445.00. Following the sale, the director now directly owns 13,206 shares in the company, valued at $803,585.10. The trade was a 11.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.20% of the company’s stock.

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.