Fidelity National Financial, Inc. (NYSE:FNF) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 28.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,467 shares of the financial services provider’s stock after purchasing an additional 11,894 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Fidelity National Financial were worth $3,318,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. CreativeOne Wealth LLC lifted its stake in Fidelity National Financial by 54.2% during the 3rd quarter. CreativeOne Wealth LLC now owns 10,436 shares of the financial services provider’s stock worth $648,000 after acquiring an additional 3,668 shares in the last quarter. Bridgewater Associates LP lifted its stake in Fidelity National Financial by 628.6% during the 3rd quarter. Bridgewater Associates LP now owns 37,865 shares of the financial services provider’s stock worth $2,350,000 after acquiring an additional 32,668 shares in the last quarter. Brooklyn Investment Group acquired a new position in Fidelity National Financial during the 3rd quarter worth about $35,000. FMR LLC lifted its stake in Fidelity National Financial by 11.4% during the 3rd quarter. FMR LLC now owns 872,017 shares of the financial services provider’s stock worth $54,117,000 after acquiring an additional 89,031 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in Fidelity National Financial by 4.7% during the 3rd quarter. Bank of Montreal Can now owns 184,207 shares of the financial services provider’s stock worth $11,259,000 after acquiring an additional 8,298 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on FNF. Deutsche Bank Aktiengesellschaft increased their target price on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Stephens reaffirmed an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. Truist Financial increased 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. Barclays increased their price target on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods increased their price target on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $63.60.

Fidelity National Financial Trading Down 0.4 %

FNF opened at $62.78 on Wednesday. Fidelity National Financial, Inc. has a one year low of $44.80 and a one year high of $64.83. The company has a market cap of $17.18 billion, a P/E ratio of 22.83 and a beta of 1.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The business’s 50-day simple moving average is $61.00 and its 200-day simple moving average is $56.34.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data 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). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the previous year, the company posted $1.23 EPS. The company’s revenue was up 29.7% compared to the same quarter last year. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 4.5 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.19%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio is presently 69.82%.

Insider Activity

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 transaction of $103,445.00. Following the transaction, the director now owns 13,206 shares in the company, valued at $803,585.10. This trade represents a 11.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 5.20% of the company’s stock.

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.