Nomura Asset Management Co. Ltd. Purchases 5,558 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Nomura Asset Management Co. Ltd. grew its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 7.9% during the 3rd quarter, Holdings Channel reports. The firm owned 75,571 shares of the financial services provider’s stock after purchasing an additional 5,558 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Fidelity National Financial were worth $4,690,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Capital Performance Advisors LLP bought a new position in Fidelity National Financial in the third quarter valued at approximately $32,000. International Assets Investment Management LLC acquired a new position in shares of Fidelity National Financial in the 2nd quarter valued at $35,000. Brooklyn Investment Group bought a new position in shares of Fidelity National Financial in the 3rd quarter worth $35,000. True Wealth Design LLC acquired a new stake in shares of Fidelity National Financial during the third quarter worth $41,000. Finally, Innealta Capital LLC acquired a new stake in shares of Fidelity National Financial during the second quarter worth $43,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FNF. Keefe, Bruyette & Woods increased their target price on Fidelity National Financial from $63.00 to $64.00 and gave the company a “market perform” rating in a research note on Tuesday. Truist Financial increased their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Barclays lifted their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $63.80.

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial 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 of the company’s stock, valued at approximately $803,585.10. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Down 0.1 %

Shares of Fidelity National Financial stock opened at $59.92 on Friday. Fidelity National Financial, Inc. has a 1 year low of $46.85 and a 1 year high of $64.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $16.40 billion, a P/E ratio of 21.79 and a beta of 1.36. The business has a 50-day moving average of $61.02 and a two-hundred day moving average of $56.81.

Fidelity National Financial (NYSE:FNF) last announced its earnings results 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). The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The business’s quarterly revenue was up 29.7% on a year-over-year basis. During the same quarter last year, the business posted $1.23 earnings per share. As a group, equities analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a $0.50 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.34%. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial’s payout ratio is currently 72.73%.

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.