QRG Capital Management Inc. Grows Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

QRG Capital Management Inc. grew its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,081 shares of the financial services provider’s stock after buying an additional 3,857 shares during the quarter. QRG Capital Management Inc.’s holdings in Fidelity National Financial were worth $6,397,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FNF. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Fidelity National Financial by 134.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 99,388 shares of the financial services provider’s stock valued at $5,278,000 after purchasing an additional 56,988 shares during the period. Capstone Investment Advisors LLC purchased a new position in shares of Fidelity National Financial in the first quarter valued at $288,000. Daiwa Securities Group Inc. raised its holdings in Fidelity National Financial by 5.6% in the first quarter. Daiwa Securities Group Inc. now owns 16,996 shares of the financial services provider’s stock valued at $902,000 after acquiring an additional 900 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in Fidelity National Financial during the 1st quarter valued at $1,033,000. Finally, Csenge Advisory Group boosted its stake in Fidelity National Financial by 8.7% during the 1st quarter. Csenge Advisory Group now owns 5,777 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 464 shares during the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. Truist Financial increased their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Stephens reiterated an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.40.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the transaction, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Trading Up 0.9 %

Fidelity National Financial stock opened at $59.50 on Wednesday. The firm’s 50-day moving average is $60.23 and its 200-day moving average is $54.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. Fidelity National Financial, Inc. has a 1 year low of $41.31 and a 1 year high of $62.97. The company has a market cap of $16.27 billion, a P/E ratio of 17.76 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the business posted $1.01 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities analysts expect that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current year.

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.