Fidelity National Financial, Inc. $FNF Shares Bought by Westpac Banking Corp

Westpac Banking Corp lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 1,175.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,425 shares of the financial services provider’s stock after acquiring an additional 6,843 shares during the quarter. Westpac Banking Corp’s holdings in Fidelity National Financial were worth $416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC raised its position in Fidelity National Financial by 400.5% in the second quarter. Kingsview Wealth Management LLC now owns 51,590 shares of the financial services provider’s stock valued at $2,892,000 after purchasing an additional 41,282 shares during the period. Intech Investment Management LLC boosted its position in shares of Fidelity National Financial by 86.3% in the second quarter. Intech Investment Management LLC now owns 40,087 shares of the financial services provider’s stock worth $2,247,000 after buying an additional 18,567 shares during the period. Cetera Investment Advisers grew its stake in shares of Fidelity National Financial by 56.1% in the second quarter. Cetera Investment Advisers now owns 98,148 shares of the financial services provider’s stock valued at $5,502,000 after buying an additional 35,276 shares in the last quarter. CWS Financial Advisors LLC purchased a new stake in shares of Fidelity National Financial during the 2nd quarter valued at about $254,000. Finally, SG Americas Securities LLC raised its holdings in shares of Fidelity National Financial by 70.9% during the 2nd quarter. SG Americas Securities LLC now owns 107,677 shares of the financial services provider’s stock valued at $6,036,000 after buying an additional 44,659 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on FNF shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Thursday. Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. National Bankshares set a $64.00 price target on shares of Fidelity National Financial in a report on Monday, October 6th. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Financial from $69.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, November 10th. Finally, Stephens started coverage on shares of Fidelity National Financial in a report on Friday. They issued an “overweight” rating on the stock. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

Fidelity National Financial Stock Performance

Fidelity National Financial stock opened at $57.12 on Tuesday. Fidelity National Financial, Inc. has a 52 week low of $50.61 and a 52 week high of $66.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. The stock has a market cap of $15.49 billion, a P/E ratio of 14.50 and a beta of 1.05. The stock has a 50 day moving average of $57.63 and a 200-day moving average of $57.27.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The business had revenue of $3.17 billion during the quarter. On average, analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be paid a $0.52 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, December 17th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.6%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 48.37%.

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.