Machina Capital S.A.S. Acquires Shares of 10,980 Fidelity National Financial, Inc. (NYSE:FNF)

Machina Capital S.A.S. acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,980 shares of the financial services provider’s stock, valued at approximately $616,000.

Several other large investors also recently modified their holdings of FNF. Raymond James Financial Inc. acquired a new stake in shares of Fidelity National Financial during the fourth quarter valued at about $33,103,000. National Pension Service grew its stake in shares of Fidelity National Financial by 648.5% during the fourth quarter. National Pension Service now owns 496,600 shares of the financial services provider’s stock valued at $27,879,000 after acquiring an additional 430,252 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Fidelity National Financial by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider’s stock valued at $472,300,000 after acquiring an additional 387,729 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Fidelity National Financial during the third quarter valued at about $11,469,000. Finally, Life Planning Partners Inc grew its stake in shares of Fidelity National Financial by 5,166.6% during the fourth quarter. Life Planning Partners Inc now owns 187,227 shares of the financial services provider’s stock valued at $10,511,000 after acquiring an additional 183,672 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Down 0.1 %

NYSE:FNF opened at $62.97 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a 50-day simple moving average of $58.42 and a 200 day simple moving average of $59.52. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $65.65. The company has a market capitalization of $17.23 billion, a price-to-earnings ratio of 13.54 and a beta of 1.31.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. Sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.18%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 43.01%.

Analysts Set New Price Targets

FNF has been the subject of several recent analyst reports. Barclays raised their target price on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Stephens lifted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Truist Financial lifted their price target on 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, StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.40.

Insider Activity

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the sale, the director now owns 32,386 shares of the company’s stock, valued at $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the sale, the director now directly owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.