PFG Investments LLC Invests $202,000 in Fidelity National Financial, Inc. (NYSE:FNF)

PFG Investments LLC purchased a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,253 shares of the financial services provider’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in 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 valued at $1,427,102,000 after buying an additional 728,768 shares in the last quarter. Windacre Partnership LLC boosted its position in shares of Fidelity National Financial by 9.6% during the 1st quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock valued at $862,836,000 after acquiring an additional 1,424,767 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Fidelity National Financial by 8.5% in the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after purchasing an additional 640,829 shares during the period. Cooke & Bieler LP increased its position in Fidelity National Financial by 3.2% during the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock worth $293,436,000 after purchasing an additional 184,078 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Fidelity National Financial by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider’s stock worth $169,421,000 after purchasing an additional 77,118 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $60.19 on Friday. The firm has a 50 day moving average of $60.21 and a two-hundred day moving average of $54.54. The stock has a market capitalization of $16.46 billion, a PE ratio of 19.80 and a beta of 1.36. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. Fidelity National Financial, Inc. has a 52 week low of $38.77 and a 52 week high of $62.97.

Fidelity National Financial (NYSE:FNF) last released its 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 during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the business posted $1.01 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, research analysts predict that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FNF shares. Stephens restated an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Barclays raised their target price 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 upped their price target on 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 Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Truist Financial upped 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 report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial presently has an average rating of “Hold” and a consensus target price of $62.40.

Insider Buying and Selling

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 completion of the transaction, the director now owns 13,206 shares in the company, valued at $803,585.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.