Mirae Asset Global Investments Co. Ltd. Increases Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 20.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 194,020 shares of the financial services provider’s stock after acquiring an additional 32,678 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Fidelity National Financial were worth $10,926,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of FNF. Cetera Investment Advisers lifted its stake in shares of Fidelity National Financial by 1.3% during the 2nd quarter. Cetera Investment Advisers now owns 45,001 shares of the financial services provider’s stock valued at $2,224,000 after buying an additional 584 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Fidelity National Financial by 132.4% during the 3rd quarter. GAMMA Investing LLC now owns 6,225 shares of the financial services provider’s stock valued at $386,000 after buying an additional 3,546 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in shares of Fidelity National Financial by 53.0% during the 3rd quarter. Atomi Financial Group Inc. now owns 6,237 shares of the financial services provider’s stock valued at $387,000 after buying an additional 2,161 shares in the last quarter. CWM LLC lifted its stake in shares of Fidelity National Financial by 101.7% during the 3rd quarter. CWM LLC now owns 11,729 shares of the financial services provider’s stock valued at $728,000 after buying an additional 5,913 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Fidelity National Financial by 280.6% during the 3rd quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 505 shares during the period. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $58.41 on Friday. The company’s fifty day moving average price is $58.15 and its 200-day moving average price is $58.74. The firm has a market capitalization of $15.98 billion, a price-to-earnings ratio of 21.24 and a beta of 1.39. Fidelity National Financial, Inc. has a one year low of $46.85 and a one 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.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. Fidelity National Financial’s quarterly revenue was up 29.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 EPS. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Insider Transactions at Fidelity National Financial

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

Wall Street Analysts Forecast Growth

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

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.