Bridgewater Associates LP Grows Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Bridgewater Associates LP boosted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 628.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,865 shares of the financial services provider's stock after purchasing an additional 32,668 shares during the quarter. Bridgewater Associates LP's holdings in Fidelity National Financial were worth $2,350,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. TPG GP A LLC acquired a new position in shares of Fidelity National Financial during the 2nd quarter worth about $83,798,000. Victory Capital Management Inc. raised its holdings in shares of Fidelity National Financial by 8.5% during 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 acquiring 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 valued at $498,041,000 after acquiring an additional 289,962 shares in the last quarter. Cooke & Bieler LP boosted its stake in shares of Fidelity National Financial by 3.2% in the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider's stock worth $293,436,000 after acquiring an additional 184,078 shares during the last quarter. Finally, CWA Asset Management Group LLC purchased a new stake in shares of Fidelity National Financial during the third quarter worth approximately $11,100,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the sale, the director now directly owns 13,206 shares of the company's stock, valued at approximately $803,585.10. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FNF has been the topic of a number of research reports. Stephens restated an "overweight" rating and issued a $63.00 price objective on shares of Fidelity National Financial in a report on Thursday, August 15th. Truist Financial boosted their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Barclays increased their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their target price on Fidelity National Financial from $61.00 to $63.00 and gave the stock a "hold" rating in a report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods increased 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $63.60.

Fidelity National Financial Trading Down 0.2 %

Shares of Fidelity National Financial stock traded down $0.12 during mid-day trading on Friday, hitting $63.39. The stock had a trading volume of 570,214 shares, compared to its average volume of 1,077,627. The firm has a market cap of $17.35 billion, a P/E ratio of 23.05 and a beta of 1.37. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average of $60.92 and a two-hundred day moving average of $56.16. Fidelity National Financial, Inc. has a 12-month low of $44.39 and a 12-month high of $64.83.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted 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). The business had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. Fidelity National Financial's revenue for the quarter was up 29.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.23 EPS. Sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.16%. This is a boost from Fidelity National Financial's previous quarterly dividend of $0.48. Fidelity National Financial's dividend payout ratio is presently 69.82%.

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.