Fidelity National Financial, Inc. (NYSE:FNF) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 28.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,467 shares of the financial services provider's stock after buying an additional 11,894 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Fidelity National Financial were worth $3,318,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Fidelity National Financial during the 3rd quarter valued at approximately $32,000. Opal Wealth Advisors LLC acquired a new stake in Fidelity National Financial during the second quarter worth $26,000. Brooklyn Investment Group purchased a new stake in Fidelity National Financial in the third quarter valued at $35,000. UMB Bank n.a. lifted its stake in shares of Fidelity National Financial by 280.6% in the 3rd quarter. UMB Bank n.a. now owns 685 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 505 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Fidelity National Financial by 141.1% during the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider's stock worth $43,000 after purchasing an additional 402 shares during the period. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

Shares of FNF stock traded down $0.92 during trading hours on Wednesday, hitting $61.88. The stock had a trading volume of 245,500 shares, compared to its average volume of 1,195,034. The stock's 50 day moving average is $61.00 and its 200 day moving average is $56.34. The firm has a market capitalization of $16.93 billion, a PE ratio of 22.58 and a beta of 1.36. Fidelity National Financial, Inc. has a twelve month low of $45.36 and a twelve month 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.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted 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 5.57% and a return on equity of 13.72%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the prior year, the firm posted $1.23 earnings per share. The company's revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, research analysts forecast that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.23%. This is a boost 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 presently 69.82%.

Insider Buying and Selling at Fidelity National Financial

In other 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 transaction of $103,445.00. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 5.20% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on FNF. Truist Financial upped their target price 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 lifted their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a "market perform" rating in a report on Wednesday, September 4th. Stephens reissued an "overweight" rating and issued a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Barclays raised their price target on 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. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $63.60.

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.