Franklin Resources Inc. Sells 12,716 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Franklin Resources Inc. decreased its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 7.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 163,708 shares of the financial services provider's stock after selling 12,716 shares during the period. Franklin Resources Inc. owned approximately 0.06% of Fidelity National Financial worth $9,989,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Victory Capital Management Inc. increased its holdings in shares of Fidelity National Financial by 8.5% during the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider's stock worth $404,332,000 after purchasing an additional 640,829 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Fidelity National Financial by 3.7% during the third 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 stake in Fidelity National Financial by 3.2% during the second 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. Geode Capital Management LLC raised its holdings in Fidelity National Financial by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider's stock valued at $276,343,000 after acquiring an additional 69,643 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Fidelity National Financial by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider's stock worth $169,421,000 after acquiring an additional 77,118 shares during the period. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Price Performance

Shares of NYSE FNF traded up $0.92 during midday trading on Friday, reaching $56.11. 3,136,192 shares of the company traded hands, compared to its average volume of 1,200,448. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $64.83. 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 50-day simple moving average is $60.73 and its 200-day simple moving average is $57.13. The firm has a market cap of $15.35 billion, a PE ratio of 20.40 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its 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). The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The company's revenue for the quarter was up 29.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.23 EPS. As a group, equities analysts anticipate that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.50 dividend. This is an increase from Fidelity National Financial's previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial's payout ratio is presently 72.73%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Fidelity National Financial from $63.00 to $64.00 and gave the company a "market perform" rating in a research report on Tuesday, December 10th. Truist Financial boosted their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a report on Monday, November 11th. Finally, Barclays raised their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $63.80.

Fidelity National Financial 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.