Commerce Bank Boosts Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Commerce Bank lifted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 3.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,991 shares of the financial services provider’s stock after acquiring an additional 200 shares during the period. Commerce Bank’s holdings in Fidelity National Financial were worth $372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its holdings in Fidelity National Financial by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 187,996 shares of the financial services provider’s stock valued at $9,984,000 after purchasing an additional 6,084 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of Fidelity National Financial by 24.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 17,956 shares of the financial services provider’s stock valued at $953,000 after purchasing an additional 3,489 shares during the period. California State Teachers Retirement System lifted its stake in shares of Fidelity National Financial by 2.5% during the 1st quarter. California State Teachers Retirement System now owns 445,924 shares of the financial services provider’s stock valued at $23,679,000 after buying an additional 10,997 shares in the last quarter. Tidal Investments LLC boosted its holdings in Fidelity National Financial by 37.0% in the 1st quarter. Tidal Investments LLC now owns 22,617 shares of the financial services provider’s stock worth $1,201,000 after buying an additional 6,105 shares during the period. Finally, New Covenant Trust Company N.A. bought a new position in Fidelity National Financial in the 1st quarter worth $30,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 13,206 shares of the company’s stock, valued at $803,585.10. The trade was a 11.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF opened at $63.32 on Wednesday. The firm has a fifty day simple moving average of $60.77 and a two-hundred day simple moving average of $55.95. Fidelity National Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $64.83. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $17.33 billion, a P/E ratio of 23.03 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The company’s revenue was up 29.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 earnings per share. On average, analysts expect that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.16%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is presently 69.82%.

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.