Mirae Asset Global Investments Co. Ltd. Buys 32,678 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Mirae Asset Global Investments Co. Ltd. raised its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 20.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 194,020 shares of the financial services provider’s stock after purchasing an additional 32,678 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.07% of Fidelity National Financial worth $10,926,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stratos Wealth Partners LTD. increased its stake in Fidelity National Financial by 6.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 7,147 shares of the financial services provider’s stock valued at $401,000 after purchasing an additional 412 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Fidelity National Financial during the fourth quarter worth about $249,000. Avantra Family Wealth Inc. bought a new stake in shares of Fidelity National Financial during the fourth quarter worth about $458,000. Spire Wealth Management bought a new stake in shares of Fidelity National Financial during the fourth quarter worth about $89,000. Finally, Richardson Financial Services Inc. increased its position in shares of Fidelity National Financial by 9.3% during the fourth quarter. Richardson Financial Services Inc. now owns 2,815 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 240 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Stock Up 0.0 %

Fidelity National Financial stock opened at $58.41 on Friday. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $64.83. The stock has a market cap of $15.98 billion, a PE ratio of 21.24 and a beta of 1.39. The firm’s 50-day simple moving average is $58.15 and its 200 day simple moving average is $58.74. 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 released its quarterly earnings results 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). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter last year, the firm posted $1.23 earnings per share. The firm’s revenue for the quarter was up 29.7% compared to the same quarter last year. Research analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FNF has been the subject of several recent research reports. Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Truist Financial boosted their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.40.

Insider Buying and Selling

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now directly owns 16,716 shares in the company, valued at $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the transaction, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

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.