Machina Capital S.A.S. Buys 14,709 Shares of Fidelity National Financial, Inc. $FNF

Machina Capital S.A.S. lifted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 119.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 27,028 shares of the financial services provider’s stock after buying an additional 14,709 shares during the period. Machina Capital S.A.S.’s holdings in Fidelity National Financial were worth $1,045,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FNF. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Fidelity National Financial during the second quarter worth $25,000. TD Waterhouse Canada Inc. lifted its stake in Fidelity National Financial by 183.3% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 850 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 550 shares in the last quarter. Pension & Wealth Management Advisors Inc. bought a new position in Fidelity National Financial during the 3rd quarter valued at $37,000. Root Financial Partners LLC bought a new position in Fidelity National Financial during the 3rd quarter valued at $38,000. Finally, Reyes Financial Architecture Inc. boosted its holdings in Fidelity National Financial by 1,080.7% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,039 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 951 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 2.5%

Shares of Fidelity National Financial stock opened at $43.04 on Friday. The firm has a market cap of $11.54 billion, a PE ratio of 8.74 and a beta of 0.93. Fidelity National Financial, Inc. has a 1 year low of $37.88 and a 1 year high of $59.99. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.27 and a quick ratio of 0.26. The stock has a fifty day moving average price of $41.61 and a 200-day moving average price of $47.56.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.32. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.78 billion. Fidelity National Financial had a net margin of 7.02% and a return on equity of 15.39%. During the same period in the previous year, the firm earned $1.63 EPS. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 5.02 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 17th will be given a $0.54 dividend. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.52. This represents a $2.16 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Thursday, December 17th. Fidelity National Financial’s payout ratio is presently 53.06%.

Wall Street Analysts Forecast Growth

FNF has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a research note on Tuesday, September 8th. Keefe, Bruyette & Woods raised their price target on shares of Fidelity National Financial from $53.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday. Zacks Research cut shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. Truist Financial reduced their price objective on shares of Fidelity National Financial from $70.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, October 15th. Finally, National Bank Financial set a $54.00 price objective on shares of Fidelity National Financial in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $53.40.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc. (NYSE: FNF) is a provider of title insurance and related services for real estate transactions. Through its title operations, the company offers title searches and insurance, escrow and closing services, and other support for buyers, sellers, lenders, and real estate professionals. FNF also provides annuity and life insurance products through its F&G business. These offerings include fixed and fixed-indexed annuities and life insurance designed to help individuals and institutions address retirement and financial-protection needs.