Penserra Capital Management LLC Has $779,000 Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Penserra Capital Management LLC increased its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 9.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,573 shares of the financial services provider’s stock after buying an additional 1,045 shares during the quarter. Penserra Capital Management LLC’s holdings in Fidelity National Financial were worth $779,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in 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 acquiring an additional 640,829 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Fidelity National Financial by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock valued at $498,041,000 after purchasing an additional 289,962 shares during the period. Cooke & Bieler LP lifted its stake in Fidelity National Financial by 3.2% in the 2nd quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock valued at $293,436,000 after purchasing an additional 184,078 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings 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. Finally, AustralianSuper Pty Ltd increased its position in Fidelity National Financial by 0.4% during the third quarter. AustralianSuper Pty Ltd now owns 1,833,765 shares of the financial services provider’s stock worth $113,803,000 after buying an additional 6,976 shares during the last quarter. 81.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Halim Dhanidina sold 1,700 shares of the business’s 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 directly owns 13,206 shares in the company, valued at approximately $803,585.10. The trade was a 11.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FNF has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted 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 set a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. Truist Financial increased their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods lifted their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. Finally, Barclays increased their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $63.60.

Fidelity National Financial Trading Up 0.3 %

Shares of Fidelity National Financial stock opened at $63.51 on Thursday. Fidelity National Financial, Inc. has a 52-week low of $44.10 and a 52-week high of $64.83. The stock has a market cap of $17.38 billion, a PE ratio of 23.09 and a beta of 1.37. The firm has a 50-day moving average of $60.82 and a 200-day moving average of $56.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The business’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.23 EPS. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Tuesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is 72.73%.

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.