KBC Group NV Has $46.32 Million Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

KBC Group NV lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 39.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 746,428 shares of the financial services provider’s stock after selling 482,605 shares during the period. KBC Group NV owned about 0.27% of Fidelity National Financial worth $46,323,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. TPG GP A LLC bought a new position in shares of Fidelity National Financial in the 2nd quarter valued at about $83,798,000. Windacre Partnership LLC grew its holdings in Fidelity National Financial by 9.6% during the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock worth $862,836,000 after purchasing an additional 1,424,767 shares during the period. Vanguard Group Inc. increased its position in Fidelity National Financial by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock worth $1,427,102,000 after buying an additional 728,768 shares during the last quarter. Victory Capital Management Inc. raised 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 buying an additional 640,829 shares during the period. Finally, Cooke & Bieler LP lifted its position in shares of Fidelity National Financial by 3.2% in the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock valued at $293,436,000 after buying an additional 184,078 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Trading Up 0.3 %

FNF stock opened at $60.98 on Friday. Fidelity National Financial, Inc. has a 52 week low of $43.60 and a 52 week high of $62.97. The company has a market capitalization of $16.69 billion, a PE ratio of 22.17 and a beta of 1.37. The company’s 50-day simple moving average is $60.40 and its 200 day simple moving average is $55.27. 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). 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 analyst estimates of $3.32 billion. During the same quarter in the previous year, the company earned $1.23 EPS. The business’s revenue for the quarter was up 29.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Tuesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio (DPR) is 69.82%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Stephens reissued an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company 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 stock an “equal weight” rating in a research note on Tuesday, October 8th. Truist Financial increased their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday. Finally, Keefe, Bruyette & Woods boosted their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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 firm’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 transaction, the director now directly owns 13,206 shares of the company’s stock, valued at $803,585.10. This trade represents a 11.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.20% of the company’s stock.

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.