Mirae Asset Global Investments Co. Ltd. Buys 19,472 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 13.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,342 shares of the financial services provider's stock after buying an additional 19,472 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.06% of Fidelity National Financial worth $9,861,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. BNP Paribas Financial Markets boosted its holdings in 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 acquiring an additional 580,694 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake 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 buying an additional 23,358 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Fidelity National Financial by 49.0% during the 1st quarter. Advisors Asset Management Inc. now owns 39,644 shares of the financial services provider's stock worth $2,105,000 after acquiring an additional 13,039 shares during the period. Bayesian Capital Management LP acquired a new stake in Fidelity National Financial during the 1st quarter worth $1,494,000. Finally, Cetera Investment Advisers lifted its stake in shares of Fidelity National Financial by 117.9% in the 1st quarter. Cetera Investment Advisers now owns 44,417 shares of the financial services provider's stock valued at $2,359,000 after purchasing an additional 24,034 shares during the period. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Stock Up 1.1 %

Shares of FNF stock traded up $0.67 during trading hours on Monday, hitting $60.63. 664,097 shares of the company were exchanged, compared to its average volume of 1,215,925. The company has a market capitalization of $16.58 billion, a PE ratio of 18.10 and a beta of 1.36. Fidelity National Financial, Inc. has a 52 week low of $38.51 and a 52 week high of $62.97. The business has a 50 day moving average of $60.02 and a two-hundred day moving average of $54.38. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.03). The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The business's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.01 EPS. Analysts anticipate that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend was Monday, September 16th. Fidelity National Financial's dividend payout ratio (DPR) is currently 57.31%.

Analysts Set New Price Targets

FNF has been the topic of several analyst reports. StockNews.com lowered 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 target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a "market perform" rating in a research report on Wednesday, September 4th. Barclays increased 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 report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a "hold" rating in a report on Wednesday, August 7th. Finally, Truist Financial raised 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Financial presently has an average rating of "Hold" and an average price target of $62.40.

Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 1,700 shares of the business's stock in a transaction on Wednesday, September 18th. The shares were 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 of the company's stock, valued at $803,585.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 5.20% of the company's stock.

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.