Mediolanum International Funds Ltd Has $859,000 Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Mediolanum International Funds Ltd cut its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 13.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,353 shares of the financial services provider’s stock after selling 2,433 shares during the period. Mediolanum International Funds Ltd’s holdings in Fidelity National Financial were worth $859,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of Fidelity National Financial during the third quarter worth $32,000. Brooklyn Investment Group acquired a new stake in shares of Fidelity National Financial during the third quarter worth $35,000. True Wealth Design LLC acquired a new stake in shares of Fidelity National Financial during the third quarter worth $41,000. UMB Bank n.a. grew its stake in shares of Fidelity National Financial by 280.6% during the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 505 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of Fidelity National Financial by 141.1% during the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 402 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

FNF opened at $58.20 on Monday. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $64.83. The firm has a market capitalization of $15.92 billion, a PE ratio of 21.16 and a beta of 1.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The business’s 50-day simple moving average is $58.49 and its 200 day simple moving average is $58.65.

Fidelity National Financial (NYSE:FNF) last announced 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%. Fidelity National Financial’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same period last year, the firm earned $1.23 EPS. As a group, sell-side analysts expect that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a $0.50 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.44%. Fidelity National Financial’s dividend payout ratio is presently 72.73%.

Analyst Ratings Changes

A number of equities research analysts recently commented on FNF shares. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Keefe, Bruyette & Woods reduced their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Barclays lifted their target price 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, Truist Financial lifted their target price on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.40.

Insider Activity

In other news, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the transaction, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. The trade was a 6.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

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.