Victory Capital Management Inc. Reduces Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Victory Capital Management Inc. cut its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,994,433 shares of the financial services provider's stock after selling 187,121 shares during the quarter. Fidelity National Financial makes up about 0.5% of Victory Capital Management Inc.'s holdings, making the stock its 25th biggest position. Victory Capital Management Inc. owned approximately 2.92% of Fidelity National Financial worth $496,135,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Prime Capital Investment Advisors LLC raised its position in Fidelity National Financial by 0.9% in the third quarter. Prime Capital Investment Advisors LLC now owns 87,891 shares of the financial services provider's stock worth $5,455,000 after acquiring an additional 768 shares during the period. Entropy Technologies LP raised its position in Fidelity National Financial by 11.0% in the third quarter. Entropy Technologies LP now owns 29,749 shares of the financial services provider's stock worth $1,846,000 after acquiring an additional 2,943 shares during the period. Crossmark Global Holdings Inc. raised its position in Fidelity National Financial by 4.3% in the third quarter. Crossmark Global Holdings Inc. now owns 17,044 shares of the financial services provider's stock worth $1,058,000 after acquiring an additional 710 shares during the period. Legacy Capital Wealth Partners LLC raised its position in shares of Fidelity National Financial by 76.9% in the third quarter. Legacy Capital Wealth Partners LLC now owns 18,431 shares of the financial services provider's stock valued at $1,144,000 after purchasing an additional 8,015 shares during the period. Finally, Covestor Ltd raised its position in shares of Fidelity National Financial by 73.1% in the third quarter. Covestor Ltd now owns 812 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 343 shares during the period. Institutional investors own 81.17% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Stephens reissued an "overweight" rating and issued a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft boosted their price target 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. Barclays increased their target price on shares of 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. StockNews.com cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 4th. Four investment 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, Fidelity National Financial currently has a consensus rating of "Hold" and an average price target of $63.60.

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction 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 owns 13,206 shares of the company's stock, valued at approximately $803,585.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.20% of the stock is owned by insiders.

Fidelity National Financial Price Performance

Shares of NYSE:FNF traded up $0.87 during trading on Tuesday, reaching $61.05. The company had a trading volume of 1,220,088 shares, compared to its average volume of 1,213,124. The company has a fifty day moving average of $60.33 and a two-hundred day moving average of $55.16. The stock has a market capitalization of $16.69 billion, a P/E ratio of 21.88 and a beta of 1.37. Fidelity National Financial, Inc. has a 12 month low of $43.11 and a 12 month high of $62.97. The company has a current ratio of 39.51, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings results 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 return on equity of 14.08% and a net margin of 5.57%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the company earned $1.23 EPS. Fidelity National Financial's quarterly revenue was up 29.7% on a year-over-year basis. Equities research analysts forecast that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.28%. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48. Fidelity National Financial's dividend payout ratio (DPR) is currently 69.82%.

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.