Mirae Asset Global Investments Co. Ltd. Boosts Position in Fidelity National Financial, Inc. (NYSE:FNF)

Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 39.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,400 shares of the financial services provider’s stock after acquiring an additional 11,908 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Fidelity National Financial were worth $2,163,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its position in Fidelity National Financial by 11.8% in the first quarter. BlackRock Inc. now owns 39,705,332 shares of the financial services provider’s stock worth $1,386,907,000 after buying an additional 4,189,896 shares in the last quarter. Norges Bank purchased a new stake in Fidelity National Financial in the fourth quarter worth about $112,133,000. First Eagle Investment Management LLC increased its position in Fidelity National Financial by 34.8% in the third quarter. First Eagle Investment Management LLC now owns 5,942,081 shares of the financial services provider’s stock worth $245,408,000 after buying an additional 1,535,401 shares in the last quarter. Vanguard Group Inc. increased its position in Fidelity National Financial by 4.5% in the first quarter. Vanguard Group Inc. now owns 28,877,107 shares of the financial services provider’s stock worth $1,410,358,000 after buying an additional 1,250,233 shares in the last quarter. Finally, Morgan Stanley increased its position in Fidelity National Financial by 39.2% in the third quarter. Morgan Stanley now owns 4,275,375 shares of the financial services provider’s stock worth $176,573,000 after buying an additional 1,203,391 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the sale, the director now directly owns 40,317 shares in the company, valued at $2,060,601.87. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 5.40% of the stock is owned by corporate insiders.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock opened at $48.77 on Friday. The stock has a 50 day moving average of $50.84 and a 200 day moving average of $47.43. Fidelity National Financial, Inc. has a 12 month low of $32.02 and a 12 month high of $53.96. The firm has a market cap of $13.32 billion, a PE ratio of 25.53 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.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.75 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 firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the company posted $1.06 earnings per share. On average, research analysts expect that Fidelity National Financial, Inc. will post 4.81 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Thursday, March 14th. Fidelity National Financial’s payout ratio is presently 100.52%.

Wall Street Analyst Weigh In

A number of brokerages have commented on FNF. 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. Keefe, Bruyette & Woods upped their price objective on 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. Deutsche Bank Aktiengesellschaft assumed coverage on Fidelity National Financial in a research note on Wednesday, January 10th. They issued a “hold” rating for the company. Finally, Truist Financial upped their price objective on Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $54.20.

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.