Mirae Asset Global Investments Co. Ltd. Invests $14.58 Million in Fidelity National Financial, Inc. $FNF

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 240,965 shares of the financial services provider’s stock, valued at approximately $14,576,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.09% of Fidelity National Financial as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Quent Capital LLC acquired a new position in shares of Fidelity National Financial during the third quarter worth about $26,000. Blue Trust Inc. grew its holdings in Fidelity National Financial by 4,545.5% during the 2nd quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 500 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Fidelity National Financial during the 2nd quarter worth approximately $29,000. Mather Group LLC. purchased a new stake in shares of Fidelity National Financial in the 3rd quarter valued at approximately $29,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Fidelity National Financial in the 2nd quarter valued at $32,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 6,000 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $55.90, for a total value of $335,400.00. Following the completion of the sale, the director directly owned 13,186 shares of the company’s stock, valued at approximately $737,097.40. This represents a 31.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel D. Lane sold 6,367 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $57.63, for a total value of $366,930.21. Following the transaction, the director directly owned 276,308 shares in the company, valued at approximately $15,923,630.04. This represents a 2.25% decrease in their position. The SEC filing for this sale provides additional information. 5.50% of the stock is owned by corporate insiders.

Fidelity National Financial Stock Down 0.2%

Shares of NYSE FNF opened at $54.37 on Friday. The business has a 50-day moving average price of $55.73 and a 200 day moving average price of $57.13. The stock has a market cap of $15.29 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 0.69 and a beta of 1.00. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Monday, November 10th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.43 by $0.20. Fidelity National Financial had a return on equity of 15.06% and a net margin of 8.34%.The company had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. Equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th were given a $0.52 dividend. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, December 17th. This represents a $2.08 annualized dividend and a yield of 3.8%. Fidelity National Financial’s payout ratio is currently 50.12%.

Analyst Ratings Changes

Several research firms recently commented on FNF. Weiss Ratings reissued a “buy (b-)” rating on shares of Fidelity National Financial in a report on Monday, December 29th. Keefe, Bruyette & Woods increased their price objective on Fidelity National Financial from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Barclays decreased their target price on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 6th. Stephens started coverage on shares of Fidelity National Financial in a research note on Friday, November 14th. They issued an “overweight” rating on the stock. Finally, National Bankshares set a $63.00 price objective on shares of Fidelity National Financial in a report on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.25.

About Fidelity National Financial

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.