Mirae Asset Global Investments Co. Ltd. Takes Position in Fidelity National Financial, Inc. $FNF

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 240,965 shares of the financial services provider’s stock, valued at approximately $14,576,000.

Several other hedge funds have also recently modified their holdings of the stock. Quent Capital LLC acquired a new position in Fidelity National Financial in the 3rd quarter valued at $26,000. Blue Trust Inc. increased its stake in shares of Fidelity National Financial by 4,545.5% during the second quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 500 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Fidelity National Financial during the second quarter worth about $29,000. Mather Group LLC. acquired a new stake in Fidelity National Financial in the third quarter valued at about $29,000. Finally, Headlands Technologies LLC purchased a new stake in Fidelity National Financial in the 2nd quarter valued at approximately $32,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Fidelity National Financial news, Director Halim Dhanidina sold 6,000 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $55.90, for a total transaction of $335,400.00. Following the sale, the director owned 13,186 shares in the company, valued at approximately $737,097.40. This represents a 31.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel D. Lane sold 6,367 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $57.63, for a total value of $366,930.21. Following the transaction, the director directly owned 276,308 shares of the company’s stock, valued at $15,923,630.04. The trade was a 2.25% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FNF has been the subject of a number of analyst reports. Wall Street Zen downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Fidelity National Financial in a report on Monday, December 29th. Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Barclays reduced their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 6th. Finally, Stephens initiated coverage on shares of Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating on the stock. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.25.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $54.37 on Friday. The firm has a market capitalization of $15.29 billion, a PE ratio of 13.11, a P/E/G ratio of 0.69 and a beta of 1.00. Fidelity National Financial, Inc. has a 52 week low of $50.61 and a 52 week high of $66.72. The firm’s 50-day simple moving average is $55.73 and its 200 day simple moving average is $57.13. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Monday, November 10th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.20. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. The firm had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period last year, the firm posted $1.30 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were given a dividend of $0.52 per share. The ex-dividend date was Wednesday, December 17th. This represents a $2.08 annualized dividend and a dividend yield of 3.8%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s payout ratio is presently 50.12%.

About Fidelity National Financial

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.