244,659 Shares of Fidelity National Financial, Inc. $FNF Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the third quarter, HoldingsChannel reports. The fund bought 244,659 shares of the financial services provider’s stock, valued at approximately $9,456,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in Fidelity National Financial during the second quarter worth approximately $112,882,000. Dimensional Fund Advisors LP boosted its holdings in shares of Fidelity National Financial by 30.1% in the first quarter. Dimensional Fund Advisors LP now owns 4,210,824 shares of the financial services provider’s stock valued at $195,287,000 after acquiring an additional 973,891 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Fidelity National Financial by 70.3% in the first quarter. Hsbc Holdings PLC now owns 896,177 shares of the financial services provider’s stock valued at $41,524,000 after acquiring an additional 369,908 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of Fidelity National Financial by 74.4% in the second quarter. Squarepoint Ops LLC now owns 688,380 shares of the financial services provider’s stock valued at $32,464,000 after acquiring an additional 293,761 shares during the period. Finally, SEB Asset Management AB purchased a new position in shares of Fidelity National Financial during the first quarter worth approximately $13,359,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $43.22 on Thursday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50. The company has a market cap of $11.59 billion, a P/E ratio of 7.81 and a beta of 0.93. Fidelity National Financial, Inc. has a 52 week low of $37.88 and a 52 week high of $60.37. The company has a 50-day moving average price of $41.97 and a 200 day moving average price of $47.86.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.08. Fidelity National Financial had a return on equity of 16.07% and a net margin of 5.03%. The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the previous year, the firm posted $1.16 EPS. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. Research analysts predict that Fidelity National Financial, Inc. will post 5.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FNF shares. Stephens cut their target price on shares of Fidelity National Financial from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Truist Financial decreased their price target on shares of Fidelity National Financial from $70.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, October 15th. Barclays lowered their price objective on shares of Fidelity National Financial from $54.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Monday, October 5th. Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, October 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a report on Tuesday, September 8th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial has a consensus rating of “Hold” and a consensus price target of $54.20.

Fidelity National Financial Profile

Fidelity National Financial, Inc (NYSE:FNF) is a provider of title insurance and transaction services in the United States. Through its title insurance businesses, the company protects property buyers, lenders and other parties against certain risks associated with real estate ownership and transfers. Its services include title searches, title examinations, escrow and closing services, and related technology and transaction-support solutions.

FNF operates through a group of title insurance brands, including Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.