Everence Capital Management Inc. Purchases Shares of 11,060 Fidelity National Financial, Inc. (NYSE:FNF)

Everence Capital Management Inc. purchased a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,060 shares of the financial services provider's stock, valued at approximately $621,000.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Fidelity National Financial by 31.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,456 shares of the financial services provider's stock worth $270,000 after purchasing an additional 1,294 shares during the period. CIBC Asset Management Inc raised its position in shares of Fidelity National Financial by 3.0% during the 2nd quarter. CIBC Asset Management Inc now owns 15,523 shares of the financial services provider's stock worth $767,000 after acquiring an additional 454 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in Fidelity National Financial by 6.3% during the second quarter. Foundations Investment Advisors LLC now owns 7,717 shares of the financial services provider's stock worth $381,000 after purchasing an additional 460 shares during the last quarter. TD Asset Management Inc boosted its holdings in Fidelity National Financial by 10.6% in the second quarter. TD Asset Management Inc now owns 54,961 shares of the financial services provider's stock valued at $2,716,000 after purchasing an additional 5,256 shares in the last quarter. Finally, Savant Capital LLC acquired a new position in Fidelity National Financial in the second quarter valued at approximately $647,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Stock Performance

Fidelity National Financial stock traded up $0.84 during midday trading on Friday, hitting $56.82. 1,070,507 shares of the company's stock were exchanged, compared to its average volume of 917,203. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-month high of $64.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The firm's 50 day simple moving average is $59.77 and its 200 day simple moving average is $57.60. The stock has a market cap of $15.55 billion, a price-to-earnings ratio of 20.66 and a beta of 1.38.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued 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). The business had revenue of $3.60 billion during the quarter, compared to analyst estimates 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 was up 29.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 earnings per share. Equities research analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a $0.50 dividend. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Tuesday, December 17th. Fidelity National Financial's dividend payout ratio (DPR) is 72.73%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FNF. Barclays boosted their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Financial from $63.00 to $64.00 and gave the company a "market perform" rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and raised their price objective for the stock from $76.00 to $77.00 in a report on Friday. Finally, Truist Financial boosted their target price on Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Fidelity National Financial presently has an average rating of "Moderate Buy" and an average target price of $66.60.

Insider Activity

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the sale, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. The trade was a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.20% of the company's stock.

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.