United Services Automobile Association Buys 717 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

United Services Automobile Association boosted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 3.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,635 shares of the financial services provider’s stock after acquiring an additional 717 shares during the period. United Services Automobile Association’s holdings in Fidelity National Financial were worth $1,020,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FNF. Opal Wealth Advisors LLC bought a new stake in Fidelity National Financial in the second quarter valued at approximately $26,000. V Square Quantitative Management LLC bought a new stake in Fidelity National Financial in the fourth quarter valued at approximately $27,000. New Covenant Trust Company N.A. bought a new stake in Fidelity National Financial in the first quarter valued at approximately $30,000. Mather Group LLC. bought a new stake in Fidelity National Financial in the first quarter valued at approximately $31,000. Finally, Covestor Ltd boosted its holdings in Fidelity National Financial by 109.0% in the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 303 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on FNF shares. Truist Financial upped their target price on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft increased their price target on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Stephens restated an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Keefe, Bruyette & Woods increased their price target on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. Finally, StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.80.

Fidelity National Financial Price Performance

Shares of FNF opened at $58.89 on Tuesday. Fidelity National Financial, Inc. has a 12-month low of $37.10 and a 12-month high of $60.19. The business’s fifty day moving average is $54.87 and its 200 day moving average is $52.02. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. The stock has a market cap of $16.10 billion, a P/E ratio of 19.37 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the business earned $1.01 earnings per share. Fidelity National Financial’s revenue for the quarter was up 2.9% on a year-over-year basis. Sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Monday, September 16th. Fidelity National Financial’s dividend payout ratio is currently 63.16%.

About Fidelity National Financial

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.