Fidelity National Financial, Inc. (NYSE:FNF) Shares Purchased by Citigroup Inc.

Citigroup Inc. increased its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 5.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,350 shares of the financial services provider's stock after acquiring an additional 13,327 shares during the quarter. Citigroup Inc. owned approximately 0.09% of Fidelity National Financial worth $15,102,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FNF. TPG GP A LLC acquired a new position in shares of Fidelity National Financial in the 2nd quarter valued at $83,798,000. Victory Capital Management Inc. increased its holdings in shares of Fidelity National Financial by 8.5% in the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider's stock valued at $404,332,000 after acquiring an additional 640,829 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Fidelity National Financial by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider's stock valued at $498,041,000 after acquiring an additional 289,962 shares during the period. Cooke & Bieler LP increased its holdings in shares of Fidelity National Financial by 3.2% in the 2nd quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider's stock valued at $293,436,000 after acquiring an additional 184,078 shares during the period. Finally, CWA Asset Management Group LLC acquired a new position in shares of Fidelity National Financial in the 3rd quarter valued at $11,100,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 1,700 shares of the business's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the transaction, the director now owns 13,206 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Insiders own 5.20% of the company's stock.

Wall Street Analysts Forecast Growth

FNF has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a "hold" rating in a research report on Wednesday, August 7th. Stephens reiterated an "overweight" rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. Keefe, Bruyette & Woods lifted 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 report on Wednesday, September 4th. Barclays lifted their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 8th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $63.60.

Fidelity National Financial Price Performance

Shares of NYSE FNF traded up $0.19 during trading on Thursday, hitting $63.51. 555,779 shares of the company were exchanged, compared to its average volume of 1,204,298. Fidelity National Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $64.83. 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 firm's fifty day moving average price is $60.87 and its 200 day moving average price is $56.05. The company has a market cap of $17.38 billion, a price-to-earnings ratio of 23.09 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.32 billion. During the same quarter in the prior year, the firm earned $1.23 earnings per share. Fidelity National Financial's quarterly revenue was up 29.7% on a year-over-year basis. On average, sell-side analysts expect that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Tuesday, December 17th. 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 3.15%. Fidelity National Financial's payout ratio is currently 72.73%.

Fidelity National Financial Company 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.