Elo Mutual Pension Insurance Co Has $1.07 Million Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Elo Mutual Pension Insurance Co trimmed its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 8.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,633 shares of the financial services provider’s stock after selling 1,991 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Fidelity National Financial were worth $1,069,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial during the 2nd quarter worth about $26,000. V Square Quantitative Management LLC acquired a new stake in Fidelity National Financial in the 4th quarter valued at about $27,000. New Covenant Trust Company N.A. acquired a new stake in Fidelity National Financial in the 1st quarter valued at about $30,000. Mather Group LLC. acquired a new stake in Fidelity National Financial in the 1st quarter valued at about $31,000. Finally, Covestor Ltd lifted its stake in Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 303 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fidelity National Financial

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

Fidelity National Financial Stock Up 0.1 %

Fidelity National Financial stock opened at $60.94 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. The stock has a market cap of $16.65 billion, a P/E ratio of 20.05 and a beta of 1.36. The company’s 50-day moving average price is $56.83 and its two-hundred day moving average price is $52.61. Fidelity National Financial, Inc. has a twelve month low of $37.10 and a twelve month high of $62.00.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share 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 the consensus estimate of $3.20 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. As a group, analysts expect that Fidelity National Financial, Inc. will post 4.53 EPS for the current 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 3.15%. The ex-dividend date is Monday, September 16th. Fidelity National Financial’s payout ratio is presently 63.16%.

Analyst Ratings Changes

Several brokerages recently issued reports on FNF. Keefe, Bruyette & Woods raised their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Truist Financial raised their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Stephens reissued an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Fidelity National Financial has a consensus rating of “Hold” and a consensus price target of $61.80.

About Fidelity National Financial

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.