BNP Paribas Financial Markets Lowers Stake in Fidelity National Financial, Inc. (NYSE:FNF)

BNP Paribas Financial Markets lessened its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 74.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,141 shares of the financial services provider's stock after selling 423,822 shares during the period. BNP Paribas Financial Markets owned 0.05% of Fidelity National Financial worth $9,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Cetera Investment Advisers grew its holdings in shares of Fidelity National Financial by 117.9% during the first quarter. Cetera Investment Advisers now owns 44,417 shares of the financial services provider's stock worth $2,359,000 after buying an additional 24,034 shares during the last quarter. M&G Plc acquired a new position in shares of Fidelity National Financial in the second quarter valued at approximately $629,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Fidelity National Financial by 61.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,707 shares of the financial services provider's stock worth $2,457,000 after purchasing an additional 18,838 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Fidelity National Financial by 10.8% during the second quarter. Wedge Capital Management L L P NC now owns 851,810 shares of the financial services provider's stock worth $42,096,000 after purchasing an additional 82,982 shares during the period. Finally, Swedbank AB lifted its holdings in shares of Fidelity National Financial by 25.1% during the third quarter. Swedbank AB now owns 42,375 shares of the financial services provider's stock worth $2,630,000 after purchasing an additional 8,511 shares during the period. Institutional investors and hedge funds own 81.17% of the company's stock.

Insiders Place Their Bets

In related news, Director Halim Dhanidina sold 1,700 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.20% of the stock is owned by corporate insiders.

Fidelity National Financial Stock Performance

Shares of FNF stock remained flat at $63.03 during trading hours on Tuesday. 491,220 shares of the stock traded hands, compared to its average volume of 1,196,885. 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 stock has a fifty day moving average of $60.96 and a two-hundred day moving average of $56.27. Fidelity National Financial, Inc. has a twelve month low of $44.80 and a twelve month high of $64.83. The firm has a market capitalization of $17.25 billion, a PE ratio of 22.92 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its earnings results 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). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the company posted $1.23 EPS. Fidelity National Financial's quarterly revenue was up 29.7% compared to the same quarter last year. On average, equities analysts expect that Fidelity National Financial, Inc. will post 4.5 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently announced 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 represents a $2.00 dividend on an annualized basis and a yield of 3.17%. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial's dividend payout ratio is 69.82%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Stephens reiterated an "overweight" rating and set a $63.00 price target on shares of Fidelity National Financial in a research note on Thursday, August 15th. Keefe, Bruyette & Woods raised their price target 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 upped their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the stock a "hold" rating in a report on Wednesday, August 7th. Barclays boosted their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. Finally, Truist Financial raised their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $63.60.

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.