abrdn plc Raises Stake in Fidelity National Financial, Inc. (NYSE:FNF)

abrdn plc lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 28.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,950 shares of the financial services provider's stock after buying an additional 15,355 shares during the quarter. abrdn plc's holdings in Fidelity National Financial were worth $4,341,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FNF. ZWJ Investment Counsel Inc. increased its stake in Fidelity National Financial by 1.0% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider's stock worth $1,225,000 after buying an additional 195 shares in the last quarter. Chesley Taft & Associates LLC increased its position in shares of Fidelity National Financial by 1.9% during the second quarter. Chesley Taft & Associates LLC now owns 10,575 shares of the financial services provider's stock worth $523,000 after purchasing an additional 200 shares in the last quarter. Intech Investment Management LLC raised its stake in Fidelity National Financial by 1.3% in the 2nd quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider's stock valued at $758,000 after purchasing an additional 202 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Fidelity National Financial by 13.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 213 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its stake in Fidelity National Financial by 0.3% during the 2nd quarter. QRG Capital Management Inc. now owns 99,224 shares of the financial services provider's stock worth $4,904,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Trading Up 0.3 %

Shares of NYSE:FNF traded up $0.16 during mid-day trading on Monday, reaching $58.96. 1,043,617 shares of the company were exchanged, compared to its average volume of 1,208,173. The firm has a market cap of $16.12 billion, a price-to-earnings ratio of 17.55 and a beta of 1.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23. Fidelity National Financial, Inc. has a 1 year low of $41.31 and a 1 year high of $62.97. The firm's 50-day simple moving average is $60.21 and its 200 day simple moving average is $54.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. Fidelity National Financial's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. Equities research analysts forecast that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FNF. Truist Financial increased their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods raised their target price on shares of 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. Stephens restated an "overweight" rating and issued a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $62.40.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the sale, the director now directly owns 13,206 shares of the company's stock, valued at $803,585.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.