Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. decreased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 52.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 30,292 shares of the financial services provider's stock after selling 33,299 shares during the period. Fidelity National Financial accounts for 0.6% of Cornercap Investment Counsel Inc.'s investment portfolio, making the stock its 16th largest position. Cornercap Investment Counsel Inc.'s holdings in Fidelity National Financial were worth $1,880,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Opal Wealth Advisors LLC purchased a new stake in shares of Fidelity National Financial in the 2nd quarter valued at about $26,000. New Covenant Trust Company N.A. purchased a new position in shares of Fidelity National Financial during the 1st quarter valued at about $30,000. Covestor Ltd grew its position in shares of Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider's stock worth $31,000 after buying an additional 303 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Fidelity National Financial during the third quarter valued at approximately $32,000. Finally, International Assets Investment Management LLC purchased a new position in Fidelity National Financial during the second quarter valued at $35,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Down 0.4 %

NYSE FNF traded down $0.24 during midday trading on Friday, hitting $60.74. 709,177 shares of the company traded hands, compared to its average volume of 1,209,466. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market cap of $16.62 billion, a PE ratio of 22.28 and a beta of 1.37. The company's 50-day simple moving average is $60.44 and its 200-day simple moving average is $55.31. Fidelity National Financial, Inc. has a 52 week low of $43.97 and a 52 week high of $62.97.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). The firm had revenue of $3.60 billion for 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%. The firm's revenue for the quarter was up 29.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.23 EPS. As a group, equities research analysts forecast 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 given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.29%. 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 presently 69.82%.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial 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 completion of the transaction, the director now directly owns 13,206 shares in the company, valued at $803,585.10. The trade was a 11.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.20% of the company's stock.

Wall Street Analysts Forecast Growth

FNF has been the subject of several recent analyst reports. Truist Financial boosted their price target on Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday. 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 reissued an "overweight" rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Keefe, Bruyette & Woods boosted 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. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Fidelity National Financial from $61.00 to $63.00 and gave the company a "hold" rating in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $63.60.

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.