Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by abrdn plc

abrdn plc grew its position in Fidelity National Financial, Inc. (NYSE:FNF) by 102.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,374 shares of the financial services provider’s stock after acquiring an additional 45,137 shares during the period. abrdn plc’s holdings in Fidelity National Financial were worth $4,560,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Fidelity National Financial in the third quarter worth about $2,778,000. Lecap Asset Management Ltd. acquired a new position in shares of Fidelity National Financial in the fourth quarter worth about $1,335,000. CENTRAL TRUST Co raised its position in shares of Fidelity National Financial by 30.0% in the fourth quarter. CENTRAL TRUST Co now owns 2,230 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 515 shares during the period. AustralianSuper Pty Ltd raised its position in shares of Fidelity National Financial by 14.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,570,956 shares of the financial services provider’s stock worth $80,150,000 after acquiring an additional 193,050 shares during the period. Finally, FMR LLC raised its position in shares of Fidelity National Financial by 5.0% in the third quarter. FMR LLC now owns 513,836 shares of the financial services provider’s stock worth $21,221,000 after acquiring an additional 24,469 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 1.0 %

Shares of NYSE FNF opened at $50.39 on Friday. Fidelity National Financial, Inc. has a 12-month low of $32.02 and a 12-month high of $53.96. The stock has a market cap of $13.77 billion, a PE ratio of 26.38 and a beta of 1.34. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average of $50.66 and a 200 day moving average of $47.87.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.27). Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the prior year, the company posted $1.06 EPS. As a group, sell-side analysts predict that Fidelity National Financial, Inc. will post 4.81 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.48 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.92 annualized dividend and a yield of 3.81%. Fidelity National Financial’s payout ratio is 100.52%.

Analysts Set New Price Targets

FNF has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fidelity National Financial in a research note on Wednesday, January 10th. They set a “hold” rating for the company. Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Truist Financial boosted their target price on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Barclays boosted their target price on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $54.20.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $51.11, for a total value of $1,196,485.10. Following the transaction, the director now directly owns 40,317 shares in the company, valued at approximately $2,060,601.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.40% of the stock is currently owned by company insiders.

Fidelity National Financial Company 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.