National Bank of Canada FI Grows Stake in Fidelity National Financial, Inc. (NYSE:FNF)

National Bank of Canada FI lifted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,178,828 shares of the financial services provider’s stock after purchasing an additional 176,257 shares during the quarter. National Bank of Canada FI owned 0.43% of Fidelity National Financial worth $58,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FNF. Commonwealth Equity Services LLC boosted its stake in Fidelity National Financial by 1.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 74,578 shares of the financial services provider’s stock valued at $3,080,000 after purchasing an additional 1,402 shares during the last quarter. Xponance Inc. boosted its position in shares of Fidelity National Financial by 239.8% during the third quarter. Xponance Inc. now owns 31,420 shares of the financial services provider’s stock valued at $1,298,000 after buying an additional 22,173 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Fidelity National Financial by 21.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 16,017 shares of the financial services provider’s stock worth $661,000 after buying an additional 2,791 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Fidelity National Financial by 62.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,061,024 shares of the financial services provider’s stock valued at $126,420,000 after purchasing an additional 1,179,506 shares during the period. Finally, New York State Teachers Retirement System increased its position in shares of Fidelity National Financial by 8,103.4% during the 3rd quarter. New York State Teachers Retirement System now owns 100,574 shares of the financial services provider’s stock valued at $4,154,000 after purchasing an additional 99,348 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

NYSE FNF traded up $0.51 on Friday, reaching $51.52. The company had a trading volume of 606,361 shares, compared to its average volume of 1,298,648. The firm’s 50 day moving average price is $50.57 and its 200 day moving average price is $48.31. 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 capitalization of $14.08 billion, a PE ratio of 26.97 and a beta of 1.33. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 previous year, the company earned $1.06 EPS. As a group, equities analysts predict that Fidelity National Financial, Inc. will post 4.83 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Thursday, March 14th. Fidelity National Financial’s payout ratio is 100.52%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FNF shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fidelity National Financial in a research note on Wednesday, January 10th. They set a “hold” rating on the stock. Barclays upped their price target on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Truist Financial lifted their price objective on Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Keefe, Bruyette & Woods increased 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 report on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $54.20.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the transaction, the director now owns 14,906 shares in the company, valued at $754,839.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the transaction, the director now owns 14,906 shares in the company, valued at $754,839.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cary H. Thompson sold 23,410 shares of the company’s stock in a transaction that occurred on 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 disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.

Fidelity National Financial 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.