QRG Capital Management Inc. Increases Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

QRG Capital Management Inc. grew its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,147 shares of the financial services provider's stock after buying an additional 7,066 shares during the quarter. QRG Capital Management Inc.'s holdings in Fidelity National Financial were worth $6,184,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Swedbank AB raised its holdings in Fidelity National Financial by 25.1% in the 3rd quarter. Swedbank AB now owns 42,375 shares of the financial services provider's stock worth $2,630,000 after purchasing an additional 8,511 shares in the last quarter. Everence Capital Management Inc. bought a new position in Fidelity National Financial in the 4th quarter valued at approximately $621,000. Horizon Kinetics Asset Management LLC increased its holdings in Fidelity National Financial by 35.1% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider's stock worth $3,604,000 after buying an additional 15,100 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Fidelity National Financial by 19.8% during the fourth quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider's stock valued at $419,000 after purchasing an additional 1,233 shares during the last quarter. Finally, Barclays PLC raised its stake in Fidelity National Financial by 4.4% during the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider's stock valued at $13,451,000 after buying an additional 9,146 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have recently weighed in on FNF. StockNews.com cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday. Truist Financial lifted their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods reduced their price objective on Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 8th. Barclays boosted their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a "hold" rating to a "buy" rating and boosted their price objective for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $70.40.

Fidelity National Financial Trading Down 2.6 %

Fidelity National Financial stock traded down $1.67 during trading hours on Tuesday, hitting $63.13. The company had a trading volume of 1,194,654 shares, compared to its average volume of 1,067,051. 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 has a market cap of $17.28 billion, a P/E ratio of 13.64 and a beta of 1.39. The company has a 50-day moving average price of $57.92 and a two-hundred day moving average price of $59.37. Fidelity National Financial, Inc. has a 1 year low of $46.85 and a 1 year high of $65.65.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.11. The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same quarter in the previous year, the business earned $0.75 earnings per share. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.17%. Fidelity National Financial's dividend payout ratio is currently 43.01%.

Insider Activity at Fidelity National Financial

In other news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now directly owns 32,386 shares in the company, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the company's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the sale, the director now owns 16,716 shares of the company's stock, valued at $916,872.60. This trade represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

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.