Fidelity National Financial, Inc. $FNF Shares Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. lifted its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 119.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,028 shares of the financial services provider’s stock after acquiring an additional 14,709 shares during the period. Machina Capital S.A.S.’s holdings in Fidelity National Financial were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Fidelity National Financial during the second quarter worth approximately $25,000. TD Waterhouse Canada Inc. boosted its holdings in shares of Fidelity National Financial by 183.3% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 850 shares of the financial services provider’s stock worth $33,000 after buying an additional 550 shares in the last quarter. Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Fidelity National Financial during the 3rd quarter worth approximately $37,000. Root Financial Partners LLC acquired a new stake in shares of Fidelity National Financial during the 3rd quarter worth approximately $38,000. Finally, Reyes Financial Architecture Inc. grew its position in shares of Fidelity National Financial by 1,080.7% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,039 shares of the financial services provider’s stock worth $40,000 after buying an additional 951 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

Shares of FNF opened at $43.04 on Friday. Fidelity National Financial, Inc. has a 12-month low of $37.88 and a 12-month high of $59.99. The business’s fifty day moving average is $41.61 and its 200 day moving average is $47.56. The company has a quick ratio of 0.26, a current ratio of 0.27 and a debt-to-equity ratio of 0.51. The stock has a market cap of $11.54 billion, a P/E ratio of 8.74 and a beta of 0.93.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Thursday, November 5th. The financial services provider reported $1.32 EPS for the quarter, meeting analysts’ consensus estimates of $1.32. Fidelity National Financial had a net margin of 7.02% and a return on equity of 15.39%. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the business posted $1.63 EPS. Sell-side analysts anticipate that Fidelity National Financial, Inc. will post 5.02 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 17th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, December 17th. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.52. This represents a $2.16 annualized dividend and a dividend yield of 5.0%. Fidelity National Financial’s payout ratio is presently 53.06%.

Wall Street Analysts Forecast Growth

FNF has been the topic of several research analyst reports. Keefe, Bruyette & Woods increased their target price on shares of Fidelity National Financial from $53.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday. Stephens reduced their price target on shares of Fidelity National Financial from $55.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, October 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a research note on Tuesday, September 8th. Barclays upped their price objective on shares of Fidelity National Financial from $47.00 to $49.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Truist Financial cut their price objective on shares of Fidelity National Financial from $70.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, October 15th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $53.40.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc. (NYSE: FNF) is a provider of title insurance and related services for real estate transactions. Through its title operations, the company offers title searches and insurance, escrow and closing services, and other support for buyers, sellers, lenders, and real estate professionals. FNF also provides annuity and life insurance products through its F&G business. These offerings include fixed and fixed-indexed annuities and life insurance designed to help individuals and institutions address retirement and financial-protection needs.