Confluence Investment Management LLC Sells 56,954 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Confluence Investment Management LLC reduced its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,332,565 shares of the financial services provider's stock after selling 56,954 shares during the period. Fidelity National Financial accounts for approximately 1.9% of Confluence Investment Management LLC's holdings, making the stock its 13th biggest position. Confluence Investment Management LLC owned approximately 0.85% of Fidelity National Financial worth $144,759,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. State Board of Administration of Florida Retirement System boosted its stake in Fidelity National Financial by 7.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 327,206 shares of the financial services provider's stock valued at $17,375,000 after purchasing an additional 23,358 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Fidelity National Financial by 49.0% during the 1st quarter. Advisors Asset Management Inc. now owns 39,644 shares of the financial services provider's stock valued at $2,105,000 after purchasing an additional 13,039 shares in the last quarter. Bayesian Capital Management LP acquired a new position in shares of Fidelity National Financial in the 1st quarter worth approximately $1,494,000. Cetera Investment Advisers raised its holdings in shares of Fidelity National Financial by 117.9% in the 1st quarter. Cetera Investment Advisers now owns 44,417 shares of the financial services provider's stock worth $2,359,000 after purchasing an additional 24,034 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Fidelity National Financial by 85.1% during the first quarter. Russell Investments Group Ltd. now owns 131,200 shares of the financial services provider's stock valued at $6,965,000 after purchasing an additional 60,306 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FNF shares. Stephens reaffirmed an "overweight" rating and issued a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Truist Financial upped their target price on Fidelity National Financial from $62.00 to $64.00 and gave the company a "buy" rating in a report on Wednesday, August 7th. StockNews.com cut Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a "market perform" rating in a research note on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a "hold" rating in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $62.40.

Insider Activity at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the firm's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction 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 $803,585.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.20% of the company's stock.

Fidelity National Financial Stock Up 1.9 %

NYSE FNF traded up $1.14 during trading on Friday, reaching $60.26. 1,344,694 shares of the company's stock were exchanged, compared to its average volume of 1,215,338. The firm has a market capitalization of $16.48 billion, a PE ratio of 17.99 and a beta of 1.37. Fidelity National Financial, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $62.97. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. The company's fifty day simple moving average is $60.30 and its 200-day simple moving average is $55.03.

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 EPS for the quarter, missing analysts' consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The company had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.32 billion. During the same period in the previous year, the firm posted $1.23 earnings per share. The business's revenue for the quarter was up 29.7% on a year-over-year basis. Sell-side analysts predict that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.32%. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial's dividend payout ratio (DPR) is currently 57.31%.

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.