State Street Corp Lowers Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

State Street Corp reduced its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,324,965 shares of the financial services provider's stock after selling 27,248 shares during the period. State Street Corp owned approximately 3.41% of Fidelity National Financial worth $578,707,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Cetera Investment Advisers grew its position in Fidelity National Financial by 117.9% during the 1st quarter. Cetera Investment Advisers now owns 44,417 shares of the financial services provider's stock worth $2,359,000 after acquiring an additional 24,034 shares during the last quarter. Cetera Advisors LLC increased its position in Fidelity National Financial by 41.9% in the 1st quarter. Cetera Advisors LLC now owns 10,976 shares of the financial services provider's stock valued at $583,000 after acquiring an additional 3,241 shares during the period. CWM LLC lifted its holdings in shares of Fidelity National Financial by 122.6% during the second quarter. CWM LLC now owns 5,816 shares of the financial services provider's stock worth $287,000 after purchasing an additional 3,203 shares during the period. SG Americas Securities LLC raised its position in Fidelity National Financial by 31.1% during the 2nd quarter. SG Americas Securities LLC now owns 29,642 shares of the financial services provider's stock worth $1,465,000 after purchasing an additional 7,033 shares during the last quarter. Finally, M&G Plc bought a new stake in shares of Fidelity National Financial in the 2nd quarter valued at about $629,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Stock Down 1.1 %

Shares of FNF traded down $0.70 during trading hours on Monday, reaching $61.31. 683,367 shares of the stock traded hands, compared to its average volume of 1,194,572. Fidelity National Financial, Inc. has a 52 week low of $46.55 and a 52 week high of $64.83. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $61.09 and a 200 day simple moving average of $56.55. The company has a market cap of $16.78 billion, a price-to-earnings ratio of 22.55 and a beta of 1.36.

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 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). The business had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The firm's revenue for the quarter was up 29.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.23 EPS. On average, equities analysts forecast that Fidelity National Financial, Inc. will post 4.55 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 17th. This is a boost from Fidelity National Financial's previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.26%. Fidelity National Financial's dividend payout ratio is currently 69.82%.

Wall Street Analysts Forecast Growth

FNF has been the subject of several recent analyst reports. Barclays raised their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 8th. Truist Financial lifted their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Stephens restated an "overweight" rating and issued a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday, August 15th. Finally, Keefe, Bruyette & Woods boosted their price objective 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Financial currently has an average rating of "Hold" and an average price target of $63.60.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction that occurred on 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 of the company's stock, valued at approximately $803,585.10. This trade represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.20% of the company's stock.

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.