Charles Schwab Investment Management Inc. Has $472.30 Million Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Charles Schwab Investment Management Inc. boosted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,412,888 shares of the financial services provider’s stock after purchasing an additional 387,729 shares during the quarter. Charles Schwab Investment Management Inc. owned about 3.07% of Fidelity National Financial worth $472,300,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Capital Performance Advisors LLP bought a new position in Fidelity National Financial in the 3rd quarter valued at about $32,000. Brooklyn Investment Group acquired a new stake in shares of Fidelity National Financial during the 3rd quarter worth approximately $35,000. Parkside Financial Bank & Trust increased its stake in Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 209 shares during the last quarter. Kestra Investment Management LLC acquired a new position in Fidelity National Financial during the fourth quarter valued at approximately $37,000. Finally, True Wealth Design LLC bought a new stake in Fidelity National Financial during the third quarter worth $41,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analyst Ratings Changes

FNF has been the topic of several recent analyst reports. Barclays lifted their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods decreased their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday. Truist Financial lifted their price target on shares of 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 shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.40.

Insiders Place Their Bets

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the firm’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 $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the firm’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. This trade represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $62.82 on Wednesday. The business’s 50-day moving average price is $58.04 and its 200-day moving average price is $59.41. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $65.65. The firm has a market capitalization of $17.19 billion, a price-to-earnings ratio of 13.51 and a beta of 1.31. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

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

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Monday, March 17th. 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.