MetLife Investment Management LLC Has $8.33 Million Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

MetLife Investment Management LLC decreased its position in Fidelity National Financial, Inc. (NYSE:FNF) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,265 shares of the financial services provider’s stock after selling 2,422 shares during the quarter. MetLife Investment Management LLC’s holdings in Fidelity National Financial were worth $8,332,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. TPG GP A LLC acquired a new stake in Fidelity National Financial in the 2nd quarter valued at approximately $83,798,000. Victory Capital Management Inc. raised its holdings in shares of Fidelity National Financial by 8.5% in the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after purchasing an additional 640,829 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Fidelity National Financial by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock worth $498,041,000 after purchasing an additional 289,962 shares in the last quarter. Cooke & Bieler LP boosted its holdings in Fidelity National Financial by 3.2% during the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock worth $293,436,000 after purchasing an additional 184,078 shares during the last quarter. Finally, CWA Asset Management Group LLC bought a new position in Fidelity National Financial in the third quarter valued at $11,100,000. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Stock Performance

Shares of NYSE FNF opened at $63.51 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $17.38 billion, a P/E ratio of 23.09 and a beta of 1.37. Fidelity National Financial, Inc. has a 12 month low of $44.10 and a 12 month high of $64.83. The stock has a 50 day moving average of $60.87 and a 200-day moving average of $56.05.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The company’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same period last year, the firm earned $1.23 earnings per share. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a $0.50 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio is currently 72.73%.

Analyst Ratings Changes

FNF has been the subject of a number of recent research reports. Barclays increased their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price target on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Truist Financial boosted their price target 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. Stephens reissued an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a report on Thursday, August 15th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $63.60.

Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the transaction, the director now owns 13,206 shares in the company, valued at approximately $803,585.10. This trade represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.20% of the company’s stock.

Fidelity National Financial 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.