Mutual of America Capital Management LLC Has $8.71 Million Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Mutual of America Capital Management LLC lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,403 shares of the financial services provider's stock after selling 8,217 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of Fidelity National Financial worth $8,713,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Natixis Advisors LLC increased its holdings in shares of Fidelity National Financial by 9.2% during the third quarter. Natixis Advisors LLC now owns 320,560 shares of the financial services provider's stock worth $19,894,000 after buying an additional 27,135 shares in the last quarter. Empowered Funds LLC boosted its stake in Fidelity National Financial by 3.6% in the third quarter. Empowered Funds LLC now owns 42,127 shares of the financial services provider's stock worth $2,614,000 after purchasing an additional 1,465 shares in the last quarter. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Fidelity National Financial in the third quarter valued at $218,000. CIBC Asset Management Inc lifted its position in Fidelity National Financial by 3.2% during the 3rd quarter. CIBC Asset Management Inc now owns 16,022 shares of the financial services provider's stock worth $994,000 after buying an additional 499 shares in the last quarter. Finally, Metis Global Partners LLC bought a new stake in Fidelity National Financial during the 3rd quarter worth about $205,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Insider Activity

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the sale, the director now owns 13,206 shares in the company, valued at $803,585.10. This represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.20% of the stock is owned by insiders.

Fidelity National Financial Price Performance

FNF remained flat at $61.04 during trading on Tuesday. 242,296 shares of the company traded hands, compared to its average volume of 1,202,916. The stock has a market capitalization of $16.70 billion, a P/E ratio of 22.20 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 has a 50 day moving average of $60.52 and a 200-day moving average of $55.53. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $3.32 billion. During the same period in the prior year, the firm posted $1.23 earnings per share. The company's revenue was up 29.7% compared to the same quarter last year. Sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.28%. Fidelity National Financial's payout ratio is currently 69.82%.

Wall Street Analyst Weigh In

FNF has been the topic of several research analyst reports. Stephens reissued an "overweight" rating and set a $63.00 price target on shares of Fidelity National Financial in a research note on Thursday, August 15th. Truist Financial lifted their target price on Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods upped their price target on 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. Deutsche Bank Aktiengesellschaft boosted their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the stock a "hold" rating in a report on Wednesday, August 7th. Finally, Barclays lifted their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of "Hold" and an average price target of $63.60.

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.