M&G Plc Takes $629,000 Position in Fidelity National Financial, Inc. (NYSE:FNF)

M&G Plc bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 12,834 shares of the financial services provider's stock, valued at approximately $629,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FNF. KBC Group NV grew its stake in shares of Fidelity National Financial by 845.5% in the fourth quarter. KBC Group NV now owns 631,801 shares of the financial services provider's stock worth $32,234,000 after purchasing an additional 564,980 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Fidelity National Financial in the 4th quarter valued at about $1,669,000. BNP Paribas Financial Markets increased its stake in shares of Fidelity National Financial by 673.6% in the first quarter. BNP Paribas Financial Markets now owns 666,900 shares of the financial services provider's stock valued at $35,412,000 after buying an additional 580,694 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Fidelity National Financial by 7.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 327,206 shares of the financial services provider's stock worth $17,375,000 after acquiring an additional 23,358 shares during the last quarter. Finally, Principal Securities Inc. acquired a new position in shares of Fidelity National Financial in the fourth quarter worth approximately $872,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, CFO Anthony Park sold 85,000 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the completion of the transaction, the chief financial officer now owns 99,049 shares in the company, valued at $5,033,670.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is currently owned by company insiders.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock traded up $0.24 during mid-day trading on Wednesday, hitting $55.91. 523,924 shares of the stock were exchanged, compared to its average volume of 1,308,871. Fidelity National Financial, Inc. has a 12 month low of $37.10 and a 12 month high of $56.95. The company has a 50-day simple moving average of $51.56 and a 200 day simple moving average of $51.12. The company has a market capitalization of $15.28 billion, a P/E ratio of 18.39 and a beta of 1.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.03). Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the firm posted $1.01 EPS. The business's revenue was up 2.9% on a year-over-year basis. Sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.58 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Monday, September 16th. Fidelity National Financial's dividend payout ratio (DPR) is currently 63.16%.

Analysts Set New Price Targets

FNF has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a "hold" rating in a research report on Wednesday, August 7th. Stephens reissued an "overweight" rating and set a $60.00 target price on shares of Fidelity National Financial in a research report on Tuesday, August 6th. StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, July 17th. Truist Financial increased their price objective on Fidelity National Financial from $62.00 to $64.00 and gave the stock a "buy" rating in a research note on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $53.00 target price on shares of Fidelity National Financial in a research report on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Fidelity National Financial currently has a consensus rating of "Hold" and an average price target of $59.20.

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.