Fidelity National Financial, Inc. (NYSE:FNF) Stake Lifted by Cerity Partners LLC

Cerity Partners LLC grew its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 51.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,496 shares of the financial services provider's stock after purchasing an additional 11,064 shares during the quarter. Cerity Partners LLC's holdings in Fidelity National Financial were worth $2,017,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FNF. Opal Wealth Advisors LLC acquired a new stake in Fidelity National Financial during the 2nd quarter valued at $26,000. Capital Performance Advisors LLP purchased a new stake in Fidelity National Financial during the 3rd quarter worth about $32,000. International Assets Investment Management LLC acquired a new position in Fidelity National Financial in the 2nd quarter valued at about $35,000. Innealta Capital LLC purchased a new position in Fidelity National Financial in the 2nd quarter valued at about $43,000. Finally, UMB Bank n.a. boosted its stake in shares of Fidelity National Financial by 280.6% during the 3rd quarter. UMB Bank n.a. now owns 685 shares of the financial services provider's stock worth $43,000 after purchasing an additional 505 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the sale, the director now directly owns 13,206 shares in the company, valued at $803,585.10. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Stephens reissued an "overweight" rating and set a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Keefe, Bruyette & Woods raised their price objective 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. Truist Financial lifted their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft increased their target price on Fidelity National Financial from $61.00 to $63.00 and gave the stock a "hold" rating in a research report on Wednesday, August 7th. Finally, Barclays upped 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 research note on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $63.60.

Fidelity National Financial Stock Down 0.6 %

NYSE FNF traded down $0.36 during trading hours on Monday, reaching $63.03. 849,680 shares of the company traded hands, compared to its average volume of 1,200,038. The stock has a market capitalization of $17.25 billion, a PE ratio of 22.92 and a beta of 1.37. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 12 month low of $44.80 and a 12 month high of $64.83. The company has a 50 day moving average of $60.96 and a two-hundred day moving average of $56.27.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings data 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 return on equity of 13.72% and a net margin of 5.57%. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the business earned $1.23 earnings per share. The business's revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, equities analysts expect that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current year.

Fidelity National Financial Increases Dividend

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

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.