Gateway Investment Advisers LLC Sells 8,199 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Gateway Investment Advisers LLC cut its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,835 shares of the financial services provider's stock after selling 8,199 shares during the period. Gateway Investment Advisers LLC's holdings in Fidelity National Financial were worth $5,268,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. ZWJ Investment Counsel Inc. raised its holdings in shares of Fidelity National Financial by 1.0% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider's stock worth $1,225,000 after buying an additional 195 shares in the last quarter. Commerce Bank grew its position in Fidelity National Financial by 3.5% in the third quarter. Commerce Bank now owns 5,991 shares of the financial services provider's stock valued at $372,000 after acquiring an additional 200 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of Fidelity National Financial by 1.3% in the second quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider's stock worth $758,000 after acquiring an additional 202 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Fidelity National Financial by 13.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 213 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of Fidelity National Financial by 32.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 216 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Trading Up 0.8 %

NYSE:FNF traded up $0.43 on Friday, reaching $58.12. 1,207,997 shares of the stock traded hands, compared to its average volume of 868,563. The firm has a market capitalization of $15.91 billion, a price-to-earnings ratio of 21.14 and a beta of 1.38. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year 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 company's 50 day moving average is $59.00 and its 200-day moving average is $58.08.

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 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 the consensus estimate of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. Fidelity National Financial's quarterly revenue was up 29.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.23 EPS. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a dividend of $0.50 per share. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.44%. Fidelity National Financial's dividend payout ratio is presently 72.73%.

Insider Buying and Selling

In other news, Director Halim Dhanidina sold 2,800 shares of the company's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the transaction, the director now owns 16,716 shares in the company, valued at approximately $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

FNF has been the subject of several research reports. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and increased their price objective for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Barclays raised their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods reduced their price objective on Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 8th. Finally, Truist Financial increased their target price on Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Fidelity National Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.40.

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.