M&G Plc Invests $629,000 in Fidelity National Financial, Inc. (NYSE:FNF)

M&G Plc bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,834 shares of the financial services provider’s stock, valued at approximately $629,000.

Several other large investors also recently modified their holdings of FNF. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Fidelity National Financial by 4.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,701 shares of the financial services provider’s stock worth $852,000 after purchasing an additional 684 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Fidelity National Financial in the fourth quarter valued at about $1,669,000. Stratos Wealth Partners LTD. acquired a new stake in Fidelity National Financial in the fourth quarter valued at about $219,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Fidelity National Financial by 39.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,400 shares of the financial services provider’s stock valued at $2,163,000 after buying an additional 11,908 shares in the last quarter. Finally, Cerity Partners LLC acquired a new stake in Fidelity National Financial in the fourth quarter valued at about $990,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Trading Up 1.8 %

Shares of FNF stock opened at $55.67 on Wednesday. The company has a market cap of $15.21 billion, a P/E ratio of 18.31 and a beta of 1.35. The stock has a 50 day simple moving average of $51.44 and a two-hundred day simple moving average of $51.08. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21. Fidelity National Financial, Inc. has a fifty-two week low of $37.10 and a fifty-two week high of $56.95.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.03). The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 EPS. Research analysts forecast that Fidelity National Financial, Inc. will post 4.58 earnings per share for the current 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 paid a $0.48 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 annualized dividend and a dividend yield of 3.45%. Fidelity National Financial’s payout ratio is presently 63.16%.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, CFO Anthony Park sold 85,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the sale, the chief financial officer now directly owns 99,049 shares in the company, valued at $5,033,670.18. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Truist Financial lifted their price target on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Stephens reissued an “overweight” rating and set a $60.00 price target on shares of Fidelity National Financial in a research note on Tuesday, August 6th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $53.00 price target on shares of Fidelity National Financial in a research note on Tuesday, August 6th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $59.20.

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.