MetLife Investment Management LLC Has $8.33 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

MetLife Investment Management LLC cut its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 1.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 134,265 shares of the financial services provider’s stock after selling 2,422 shares during the quarter. MetLife Investment Management LLC’s holdings in Fidelity National Financial were worth $8,332,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Capital Performance Advisors LLP bought a new stake in Fidelity National Financial during the third quarter worth about $32,000. Opal Wealth Advisors LLC bought a new stake in shares of Fidelity National Financial during the 2nd quarter worth approximately $26,000. Brooklyn Investment Group acquired a new stake in shares of Fidelity National Financial during the 3rd quarter worth approximately $35,000. UMB Bank n.a. increased its stake in Fidelity National Financial by 280.6% in the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 505 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in Fidelity National Financial by 141.1% during the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 402 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods lifted their target price 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. Barclays increased 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 report on Tuesday, October 8th. Stephens reaffirmed an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Finally, Truist Financial increased their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $63.60.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $63.51 on Friday. The business’s 50-day moving average price is $60.87 and its 200-day moving average price is $56.05. Fidelity National Financial, Inc. has a 12 month low of $44.10 and a 12 month high of $64.83. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $17.38 billion, a price-to-earnings ratio of 23.09 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The business 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. Equities research analysts forecast that Fidelity National Financial, Inc. will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.50 per share. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.15%. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 72.73%.

Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 1,700 shares of the firm’s 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 $803,585.10. This trade represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company 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.