CIBC Asset Management Inc Buys 691 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

CIBC Asset Management Inc raised its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,713 shares of the financial services provider’s stock after acquiring an additional 691 shares during the quarter. CIBC Asset Management Inc’s holdings in Fidelity National Financial were worth $938,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Allworth Financial LP lifted its holdings in shares of Fidelity National Financial by 27.4% during the fourth quarter. Allworth Financial LP now owns 5,681 shares of the financial services provider’s stock valued at $332,000 after acquiring an additional 1,221 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Fidelity National Financial during the fourth quarter valued at $7,760,000. Rhumbline Advisers lifted its holdings in shares of Fidelity National Financial by 0.4% during the fourth quarter. Rhumbline Advisers now owns 761,883 shares of the financial services provider’s stock valued at $42,772,000 after acquiring an additional 3,071 shares during the period. AustralianSuper Pty Ltd lifted its holdings in shares of Fidelity National Financial by 0.9% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,849,429 shares of the financial services provider’s stock valued at $103,827,000 after acquiring an additional 15,664 shares during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Fidelity National Financial by 7.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 94,400 shares of the financial services provider’s stock valued at $5,317,000 after acquiring an additional 6,623 shares during the period. 81.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FNF. Keefe, Bruyette & Woods cut their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Truist Financial lifted their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.40.

Insider Buying and Selling

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the transaction, the director now directly owns 32,386 shares in the company, valued at approximately $1,824,303.38. The trade was a 6.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now owns 16,716 shares of the company’s stock, valued at $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial Price Performance

Shares of FNF stock opened at $59.50 on Friday. The stock has a 50-day moving average price of $57.25 and a 200 day moving average price of $59.00. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of 12.80 and a beta of 1.39. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $64.83.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same period last year, the company earned $0.75 earnings per share. Research analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.36%. Fidelity National Financial’s payout ratio is 43.01%.

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.