Royal London Asset Management Ltd. Increases Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Royal London Asset Management Ltd. grew its position in Fidelity National Financial, Inc. (NYSE:FNF) by 12.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,411 shares of the financial services provider’s stock after acquiring an additional 13,174 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Fidelity National Financial were worth $6,000,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Fidelity National Financial by 2.8% in the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock valued at $1,427,102,000 after acquiring an additional 728,768 shares during the period. Windacre Partnership LLC raised its stake in shares of Fidelity National Financial by 9.6% in the first 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 period. Victory Capital Management Inc. increased its stake in Fidelity National Financial by 8.5% in the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock worth $404,332,000 after buying an additional 640,829 shares during the period. Cooke & Bieler LP increased 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 worth $293,436,000 after buying an additional 184,078 shares during the period. Finally, Confluence Investment Management LLC purchased a new position in Fidelity National Financial in the 1st quarter worth about $135,347,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on FNF shares. Truist Financial raised their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Stephens reiterated an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Keefe, Bruyette & Woods increased 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, Deutsche Bank Aktiengesellschaft increased their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Four 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 company has an average rating of “Hold” and a consensus price target of $61.80.

Fidelity National Financial Stock Up 2.0 %

NYSE:FNF opened at $60.52 on Friday. Fidelity National Financial, Inc. has a fifty-two week low of $37.10 and a fifty-two week high of $60.54. The stock has a market capitalization of $16.54 billion, a P/E ratio of 19.91 and a beta of 1.36. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. The company’s 50-day simple moving average is $55.72 and its 200-day simple moving average is $52.25.

Fidelity National Financial (NYSE:FNF) last released its quarterly 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 firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the business posted $1.01 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities analysts anticipate that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Monday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

Fidelity National Financial Company 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.