Fmr LLC Has $54.12 Million Stake in Fidelity National Financial, Inc. (NYSE:FNF)

FMR LLC lifted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 11.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 872,017 shares of the financial services provider's stock after buying an additional 89,031 shares during the quarter. FMR LLC owned 0.32% of Fidelity National Financial worth $54,117,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Fidelity National Financial in the third quarter valued at $32,000. Opal Wealth Advisors LLC acquired a new stake in shares of Fidelity National Financial in the 2nd quarter valued at about $26,000. UMB Bank n.a. lifted its position in shares of Fidelity National Financial by 280.6% during the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider's stock worth $43,000 after purchasing an additional 505 shares during the last quarter. Larson Financial Group LLC grew its stake in Fidelity National Financial by 141.1% in the third 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 in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Fidelity National Financial in the second quarter valued at about $35,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF traded down $0.08 during trading hours on Friday, hitting $62.01. The stock had a trading volume of 805,623 shares, compared to its average volume of 1,024,580. 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 stock's fifty day simple moving average is $61.09 and its 200 day simple moving average is $56.55. The firm has a market capitalization of $16.97 billion, a price-to-earnings ratio of 22.55 and a beta of 1.36. Fidelity National Financial, Inc. has a 1-year low of $46.35 and a 1-year high of $64.83.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the firm posted $1.23 EPS. The company's revenue was up 29.7% compared to the same quarter last year. Sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.54 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

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

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares in the company, valued at approximately $803,585.10. This represents a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Stephens reiterated an "overweight" rating and issued a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Keefe, Bruyette & Woods boosted 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 research note on Wednesday, September 4th. Truist Financial raised their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, Barclays boosted 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. 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, the company has a consensus rating of "Hold" and an average target price of $63.60.

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.