Neo Ivy Capital Management Takes Position in Fidelity National Financial, Inc. (NYSE:FNF)

Neo Ivy Capital Management bought a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,878 shares of the financial services provider’s stock, valued at approximately $178,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in shares of Fidelity National Financial by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider’s stock valued at $276,343,000 after acquiring an additional 69,643 shares during the last quarter. Barclays PLC lifted its holdings in shares of Fidelity National Financial by 4.4% during the third quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock valued at $13,451,000 after purchasing an additional 9,146 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Fidelity National Financial by 7.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 75,571 shares of the financial services provider’s stock valued at $4,690,000 after purchasing an additional 5,558 shares during the period. MML Investors Services LLC increased its stake in Fidelity National Financial by 2.2% in the 3rd quarter. MML Investors Services LLC now owns 63,657 shares of the financial services provider’s stock worth $3,951,000 after purchasing an additional 1,367 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its holdings in Fidelity National Financial by 30.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 11,780 shares of the financial services provider’s stock worth $731,000 after buying an additional 2,782 shares during the period. 81.17% of the stock is currently owned by institutional investors.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the firm’s 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 transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FNF has been the topic of several analyst reports. Stephens reissued an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Financial from $63.00 to $64.00 and gave the company a “market perform” rating in a research note on Tuesday. Barclays increased their target price on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Truist Financial upped their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $63.80.

Fidelity National Financial Trading Down 0.1 %

Fidelity National Financial stock opened at $60.00 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 12 month low of $46.55 and a 12 month high of $64.83. The company’s fifty day simple moving average is $61.04 and its 200-day simple moving average is $56.72. The stock has a market cap of $16.42 billion, a P/E ratio of 21.93 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). The firm had revenue of $3.60 billion during 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 revenue for the quarter was up 29.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 earnings per share. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.55 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.33%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial’s payout ratio is currently 69.82%.

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.