Charles Schwab Investment Management Inc. Has $498.04 Million Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,025,159 shares of the financial services provider's stock after purchasing an additional 289,962 shares during the quarter. Charles Schwab Investment Management Inc. owned 2.93% of Fidelity National Financial worth $498,041,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FNF. First Horizon Advisors Inc. raised its holdings in Fidelity National Financial by 32.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider's stock worth $55,000 after buying an additional 216 shares during the period. Advisors Asset Management Inc. increased its position in shares of Fidelity National Financial by 5.7% during the third quarter. Advisors Asset Management Inc. now owns 43,092 shares of the financial services provider's stock worth $2,674,000 after acquiring an additional 2,341 shares in the last quarter. Howe & Rusling Inc. bought a new stake in shares of Fidelity National Financial during the third quarter worth $213,000. Commerce Bank lifted its position in Fidelity National Financial by 3.5% in the 3rd quarter. Commerce Bank now owns 5,991 shares of the financial services provider's stock valued at $372,000 after acquiring an additional 200 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Fidelity National Financial in the 3rd quarter worth $897,000. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock traded up $0.99 during trading on Friday, hitting $61.65. 356,657 shares of the stock were exchanged, compared to its average volume of 1,198,615. 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 company has a fifty day moving average price of $60.63 and a 200-day moving average price of $55.66. The stock has a market capitalization of $16.87 billion, a price-to-earnings ratio of 22.06 and a beta of 1.37. Fidelity National Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $62.97.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the firm earned $1.23 EPS. Fidelity National Financial's quarterly revenue was up 29.7% compared to the same quarter last year. As a group, equities analysts predict that Fidelity National Financial, Inc. will post 4.5 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Tuesday, December 17th. This is a boost from Fidelity National Financial's previous quarterly dividend of $0.48. Fidelity National Financial's dividend payout ratio is 69.82%.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction that occurred 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 5.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on FNF. Barclays boosted their price target on Fidelity National Financial from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. Stephens reiterated an "overweight" rating and issued a $63.00 price target on shares of Fidelity National Financial in a research note on Thursday, August 15th. Truist Financial increased their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft lifted their target price on Fidelity National Financial from $61.00 to $63.00 and gave the company a "hold" rating in a research 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 research report on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $63.60.

Fidelity National Financial 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.