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

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

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new stake in shares of Fidelity National Financial during the second quarter valued at approximately $26,000. New Covenant Trust Company N.A. acquired a new position in shares of Fidelity National Financial in the 1st quarter valued at $30,000. Capital Performance Advisors LLP bought a new position in shares of Fidelity National Financial during the 3rd quarter worth about $32,000. International Assets Investment Management LLC acquired a new stake in Fidelity National Financial during the second quarter valued at approximately $35,000. Finally, Innealta Capital LLC bought a new stake in shares of Fidelity National Financial in the 2nd quarter valued at approximately $43,000. Institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction 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. This trade represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Up 0.3 %

Shares of Fidelity National Financial stock opened at $63.51 on Thursday. The company has a market capitalization of $17.38 billion, a P/E ratio of 23.09 and a beta of 1.37. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The business has a 50-day moving average of $60.82 and a two-hundred day moving average of $56.00. Fidelity National Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $64.83.

Fidelity National Financial (NYSE:FNF) last posted 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). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the company posted $1.23 earnings per share. Fidelity National Financial’s revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, equities analysts predict that Fidelity National Financial, Inc. will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FNF shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Truist Financial lifted their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Stephens reissued an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a report on Thursday, August 15th. Keefe, Bruyette & Woods boosted 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 research note 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 research note on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $63.60.

About Fidelity National Financial

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.