Arthur M. Cohen & Associates LLC Raises Position in Fidelity National Financial, Inc. (NYSE:FNF)

Arthur M. Cohen & Associates LLC grew its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 21.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 9,190 shares of the financial services provider’s stock after acquiring an additional 1,600 shares during the period. Arthur M. Cohen & Associates LLC’s holdings in Fidelity National Financial were worth $562,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System grew its stake in Fidelity National Financial by 7.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 327,206 shares of the financial services provider’s stock worth $17,375,000 after purchasing an additional 23,358 shares during the period. Advisors Asset Management Inc. lifted its position in Fidelity National Financial by 49.0% during the 1st quarter. Advisors Asset Management Inc. now owns 39,644 shares of the financial services provider’s stock valued at $2,105,000 after acquiring an additional 13,039 shares during the period. Bayesian Capital Management LP bought a new stake in Fidelity National Financial during the first quarter worth about $1,494,000. Cetera Investment Advisers grew its holdings in Fidelity National Financial by 117.9% in the first quarter. Cetera Investment Advisers now owns 44,417 shares of the financial services provider’s stock worth $2,359,000 after purchasing an additional 24,034 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Fidelity National Financial by 85.1% during the first quarter. Russell Investments Group Ltd. now owns 131,200 shares of the financial services provider’s stock valued at $6,965,000 after purchasing an additional 60,306 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Up 0.3 %

Fidelity National Financial stock opened at $58.96 on Tuesday. Fidelity National Financial, Inc. has a one year low of $41.31 and a one year high of $62.97. The business’s fifty day moving average is $60.21 and its 200 day moving average is $54.80. The stock has a market capitalization of $16.12 billion, a PE ratio of 17.60 and a beta of 1.37. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the business earned $1.01 EPS. The business’s revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts predict that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Analyst Ratings Changes

FNF has been the topic of several recent research reports. Barclays upped their price target on 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. Keefe, Bruyette & Woods raised their price target on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. Truist Financial upped their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Stephens reiterated an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday, August 15th. 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.40.

Insider Buying and Selling

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the sale, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

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.