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

Geode Capital Management LLC raised its position in Fidelity National Financial, Inc. (NYSE:FNF) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,462,837 shares of the financial services provider’s stock after buying an additional 69,643 shares during the period. Geode Capital Management LLC owned about 1.63% of Fidelity National Financial worth $276,343,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Swedbank AB lifted its stake in shares of Fidelity National Financial by 25.1% in the third quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock worth $2,630,000 after buying an additional 8,511 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Fidelity National Financial by 61.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,707 shares of the financial services provider’s stock valued at $2,457,000 after acquiring an additional 18,838 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its stake in Fidelity National Financial by 35.1% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock worth $3,604,000 after purchasing an additional 15,100 shares in the last quarter. Cyndeo Wealth Partners LLC boosted its holdings in shares of Fidelity National Financial by 8.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 116,894 shares of the financial services provider’s stock worth $7,254,000 after purchasing an additional 8,618 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Fidelity National Financial by 1,051.5% during the 2nd quarter. Sei Investments Co. now owns 131,186 shares of the financial services provider’s stock worth $6,483,000 after purchasing an additional 119,793 shares during the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the transaction, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. This represents a 11.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FNF shares. Truist Financial lifted their price objective 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. Barclays lifted their price target on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Financial from $63.00 to $64.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $63.80.

Fidelity National Financial Stock Performance

NYSE FNF opened at $59.96 on Friday. The stock has a fifty day simple moving average of $61.02 and a 200-day simple moving average of $56.86. 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 stock has a market cap of $16.41 billion, a PE ratio of 21.80 and a beta of 1.36. 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 announced its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The company’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same period last year, the business earned $1.23 EPS. Equities analysts anticipate that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The company also recently announced 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 positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.34%. Fidelity National Financial’s payout ratio is presently 72.73%.

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.