Fisher Funds Management LTD Makes New $8.18 Million Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Fisher Funds Management LTD bought a new position in Fidelity National Financial, Inc. (NYSE:FNF) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 146,196 shares of the financial services provider’s stock, valued at approximately $8,183,000. Fisher Funds Management LTD owned about 0.05% of Fidelity National Financial as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings 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 worth $498,041,000 after buying an additional 289,962 shares during the last quarter. Geode Capital Management LLC raised its holdings in Fidelity National Financial by 1.6% in the third quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider’s stock worth $276,343,000 after buying an additional 69,643 shares during the last quarter. AustralianSuper Pty Ltd raised its holdings in shares of Fidelity National Financial by 0.9% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,849,429 shares of the financial services provider’s stock valued at $103,827,000 after purchasing an additional 15,664 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Fidelity National Financial by 3.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,530,424 shares of the financial services provider’s stock valued at $94,978,000 after purchasing an additional 57,316 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Fidelity National Financial by 11.4% during the third quarter. FMR LLC now owns 872,017 shares of the financial services provider’s stock valued at $54,117,000 after purchasing an additional 89,031 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Up 3.4 %

Shares of FNF stock opened at $59.50 on Friday. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $64.83. The stock has a market cap of $16.28 billion, a P/E ratio of 12.80 and a beta of 1.39. 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 50 day simple moving average of $57.25 and a two-hundred day simple moving average of $59.04.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the prior year, the company earned $0.75 earnings per share. On average, research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.36%. Fidelity National Financial’s payout ratio is currently 43.01%.

Insiders Place Their Bets

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the transaction, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction 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 position. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

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

About Fidelity National Financial

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.