Cornercap Investment Counsel Inc. Lowers Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Cornercap Investment Counsel Inc. cut its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 1.9% during the second quarter, Holdings Channel reports. The firm owned 63,591 shares of the financial services provider’s stock after selling 1,211 shares during the quarter. Fidelity National Financial makes up 0.5% of Cornercap Investment Counsel Inc.’s portfolio, making the stock its 20th biggest holding. Cornercap Investment Counsel Inc.’s holdings in Fidelity National Financial were worth $3,143,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. KBC Group NV lifted its holdings in Fidelity National Financial by 845.5% in the 4th quarter. KBC Group NV now owns 631,801 shares of the financial services provider’s stock worth $32,234,000 after purchasing an additional 564,980 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Fidelity National Financial by 673.6% in the 1st quarter. BNP Paribas Financial Markets now owns 666,900 shares of the financial services provider’s stock worth $35,412,000 after acquiring an additional 580,694 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Fidelity National Financial by 7.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 327,206 shares of the financial services provider’s stock worth $17,375,000 after acquiring an additional 23,358 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Fidelity National Financial by 49.0% in the 1st quarter. Advisors Asset Management Inc. now owns 39,644 shares of the financial services provider’s stock worth $2,105,000 after acquiring an additional 13,039 shares during the last quarter. Finally, ING Groep NV increased its stake in Fidelity National Financial by 11,119.1% in the 4th quarter. ING Groep NV now owns 124,308 shares of the financial services provider’s stock worth $6,342,000 after acquiring an additional 123,200 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

NYSE FNF opened at $58.34 on Thursday. The company has a market cap of $15.95 billion, a P/E ratio of 19.19 and a beta of 1.36. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. The business’s 50 day moving average price is $55.26 and its 200-day moving average price is $52.12. Fidelity National Financial, Inc. has a fifty-two week low of $37.10 and a fifty-two week high of $60.19.

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

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.48 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a yield of 3.29%. Fidelity National Financial’s payout ratio is 63.16%.

Wall Street Analyst Weigh In

FNF has been the topic of a number of research reports. Keefe, Bruyette & Woods lifted their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Stephens reaffirmed an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Finally, Truist Financial boosted their target price on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Hold” and a consensus target price of $61.80.

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.