Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC grew its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,327 shares of the financial services provider’s stock after acquiring an additional 373 shares during the period. Mayflower Financial Advisors LLC’s holdings in Fidelity National Financial were worth $807,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FNF. Confluence Investment Management LLC acquired a new position in Fidelity National Financial during the 1st quarter worth $135,347,000. Windacre Partnership LLC lifted its position in shares of Fidelity National Financial by 9.6% in the 1st quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock worth $862,836,000 after buying an additional 1,424,767 shares during the last quarter. Norges Bank bought a new position in shares of Fidelity National Financial in the 4th quarter worth about $41,212,000. Vanguard Group Inc. lifted its position in shares of Fidelity National Financial by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock worth $1,427,102,000 after buying an additional 728,768 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of Fidelity National Financial by 1,029.1% in the 4th quarter. Schroder Investment Management Group now owns 716,554 shares of the financial services provider’s stock worth $36,559,000 after buying an additional 653,091 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FNF. Stephens restated an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods raised their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Truist Financial lifted their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial currently has an average rating of “Hold” and a consensus price target of $61.80.

Fidelity National Financial Stock Down 0.3 %

Fidelity National Financial stock opened at $58.99 on Friday. The stock has a market cap of $16.12 billion, a price-to-earnings ratio of 19.40 and a beta of 1.36. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average price is $54.48 and its two-hundred day moving average price is $51.92. Fidelity National Financial, Inc. has a 52 week low of $37.10 and a 52 week high of $60.19.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.03). The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 EPS. On average, analysts expect that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Monday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 63.16%.

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.