Charles Schwab Investment Management Inc. Increases Position in Fidelity National Financial, Inc. (NYSE:FNF)

Charles Schwab Investment Management Inc. raised its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,025,159 shares of the financial services provider’s stock after purchasing an additional 289,962 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Fidelity National Financial were worth $498,041,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Opal Wealth Advisors LLC acquired a new stake in Fidelity National Financial in the 2nd quarter valued at $26,000. New Covenant Trust Company N.A. acquired a new stake in shares of Fidelity National Financial in the first quarter valued at about $30,000. Covestor Ltd increased its stake in shares of Fidelity National Financial by 109.0% during the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 303 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Fidelity National Financial in the 3rd quarter valued at about $32,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Fidelity National Financial in the second quarter valued at approximately $35,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FNF. Stephens reiterated an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a report on Thursday, August 15th. Keefe, Bruyette & Woods raised their target price on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft increased their target price on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Truist Financial boosted their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Barclays upped their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $63.60.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the transaction, the director now owns 13,206 shares of the company’s stock, valued at $803,585.10. The trade was a 11.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.20% of the stock is owned by corporate insiders.

Fidelity National Financial Price Performance

FNF stock opened at $60.66 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $16.60 billion, a P/E ratio of 22.06 and a beta of 1.37. Fidelity National Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $62.97. The stock’s 50 day moving average price is $60.63 and its 200 day moving average price is $55.66.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the business earned $1.23 EPS. The firm’s revenue for the quarter was up 29.7% compared to the same quarter last year. On average, sell-side analysts expect that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.30%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial’s payout ratio is presently 69.82%.

Fidelity National Financial Company 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.