Bank of Montreal Can Boosts Position in Fidelity National Financial, Inc. (NYSE:FNF)

Bank of Montreal Can lifted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 4.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 184,207 shares of the financial services provider's stock after purchasing an additional 8,298 shares during the quarter. Bank of Montreal Can owned 0.07% of Fidelity National Financial worth $11,259,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its position in shares of Fidelity National Financial by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 187,996 shares of the financial services provider's stock valued at $9,984,000 after purchasing an additional 6,084 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Fidelity National Financial by 37.0% during the 1st quarter. Tidal Investments LLC now owns 22,617 shares of the financial services provider's stock valued at $1,201,000 after buying an additional 6,105 shares in the last quarter. Atria Investments Inc raised its holdings in shares of Fidelity National Financial by 14.2% during the 1st quarter. Atria Investments Inc now owns 28,313 shares of the financial services provider's stock valued at $1,503,000 after buying an additional 3,519 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Fidelity National Financial by 117.9% during the 1st quarter. Cetera Investment Advisers now owns 44,417 shares of the financial services provider's stock valued at $2,359,000 after buying an additional 24,034 shares in the last quarter. Finally, Cetera Advisors LLC raised its holdings in shares of Fidelity National Financial by 41.9% during the 1st quarter. Cetera Advisors LLC now owns 10,976 shares of the financial services provider's stock valued at $583,000 after buying an additional 3,241 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FNF shares. Keefe, Bruyette & Woods raised their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the company a "market perform" rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft raised their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the company a "hold" rating in a report on Wednesday, August 7th. Truist Financial raised their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a report on Monday, November 11th. Barclays lifted their price target on 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. Finally, Stephens reaffirmed an "overweight" rating and issued a $63.00 price target on shares of Fidelity National Financial in a research note on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial currently has an average rating of "Hold" and an average target price of $63.60.

Fidelity National Financial Trading Down 0.6 %

Shares of FNF traded down $0.36 during mid-day trading on Monday, hitting $63.03. 147,816 shares of the company's stock traded hands, compared to its average volume of 1,196,950. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 1 year low of $44.80 and a 1 year high of $64.83. The firm has a market capitalization of $17.25 billion, a P/E ratio of 23.05 and a beta of 1.37. The business's 50-day moving average price is $60.92 and its 200-day moving average price is $56.19.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.32 billion. During the same period last year, the firm posted $1.23 earnings per share. Fidelity National Financial's quarterly revenue was up 29.7% on a year-over-year basis. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.5 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.17%. Fidelity National Financial's payout ratio is currently 69.82%.

Insider Activity at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the company's stock in a transaction 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 directly owns 13,206 shares of the company's stock, valued at $803,585.10. This represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

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.