244,659 Shares of Fidelity National Financial, Inc. $FNF Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased 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 (SEC). The institutional investor purchased 244,659 shares of the financial services provider’s stock, valued at approximately $9,456,000. Mirae Asset Global Investments Co. Ltd. owned 0.09% of Fidelity National Financial at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Fidelity National Financial during the 2nd quarter worth approximately $25,000. TD Waterhouse Canada Inc. boosted its position in Fidelity National Financial by 183.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 850 shares of the financial services provider’s stock valued at $33,000 after buying an additional 550 shares during the period. Ancora Advisors LLC acquired a new position in shares of Fidelity National Financial in the second quarter worth $43,000. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Fidelity National Financial in the third quarter worth $37,000. Finally, Root Financial Partners LLC acquired a new position in shares of Fidelity National Financial in the third quarter worth $38,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

FNF stock opened at $43.22 on Thursday. The business has a 50 day moving average price of $41.97 and a 200 day moving average price of $47.86. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 7.81 and a beta of 0.93. Fidelity National Financial, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $60.37. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.31 by $0.08. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the firm posted $1.16 earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 5.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Truist Financial reduced their target price on shares of Fidelity National Financial from $70.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, October 15th. Zacks Research cut shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. Stephens dropped their price objective on shares of Fidelity National Financial from $55.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 21st. National Bank Financial set a $54.00 price objective on shares of Fidelity National Financial in a report on Friday, August 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a research report on Tuesday, September 8th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $54.20.

About Fidelity National Financial

Fidelity National Financial, Inc (NYSE:FNF) is a provider of title insurance and transaction services in the United States. Through its title insurance businesses, the company protects property buyers, lenders and other parties against certain risks associated with real estate ownership and transfers. Its services include title searches, title examinations, escrow and closing services, and related technology and transaction-support solutions.

FNF operates through a group of title insurance brands, including Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.