M&T Bank Corp Acquires 2,345 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

M&T Bank Corp increased its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 8.3% in the 4th quarter, Holdings Channel reports. The fund owned 30,703 shares of the financial services provider’s stock after buying an additional 2,345 shares during the quarter. M&T Bank Corp’s holdings in Fidelity National Financial were worth $1,724,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FNF. Victory Capital Management Inc. lifted its holdings in shares of Fidelity National Financial by 1.2% during the fourth quarter. Victory Capital Management Inc. now owns 8,093,184 shares of the financial services provider’s stock valued at $454,351,000 after purchasing an additional 98,751 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in 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 buying an additional 387,729 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Fidelity National Financial by 4.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,331 shares of the financial services provider’s stock worth $412,000 after acquiring an additional 329 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Fidelity National Financial by 101.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,441 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 724 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in shares of Fidelity National Financial by 107.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,558 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 1,839 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Price Performance

NYSE FNF opened at $62.97 on Monday. 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 business’s fifty day moving average is $58.42 and its 200 day moving average is $59.54. The company has a market capitalization of $17.32 billion, a PE ratio of 13.54 and a beta of 1.32. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $65.65.

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

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.50 dividend. 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%.

Insider Activity

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the sale, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the transaction, the director now 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 disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on FNF. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Truist Financial boosted their target price on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Barclays raised their target price on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Finally, Keefe, Bruyette & Woods reduced their price target 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. 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, Fidelity National Financial has an average rating of “Moderate Buy” and an average target price of $70.40.

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.