Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 1.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,462,837 shares of the financial services provider's stock after acquiring an additional 69,643 shares during the period. Geode Capital Management LLC owned approximately 1.63% of Fidelity National Financial worth $276,343,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Victory Capital Management Inc. increased its position in shares of Fidelity National Financial by 8.5% during the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider's stock worth $404,332,000 after acquiring an additional 640,829 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Fidelity National Financial by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider's stock worth $498,041,000 after purchasing an additional 289,962 shares during the last quarter. Cooke & Bieler LP raised its position in shares of Fidelity National Financial by 3.2% in the 2nd quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider's stock valued at $293,436,000 after purchasing an additional 184,078 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Fidelity National Financial by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider's stock valued at $169,421,000 after buying an additional 77,118 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its position in shares of Fidelity National Financial by 0.4% during the third quarter. AustralianSuper Pty Ltd now owns 1,833,765 shares of the financial services provider's stock worth $113,803,000 after buying an additional 6,976 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company's stock.

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the sale, the director now directly owns 13,206 shares in the company, valued at $803,585.10. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Barclays upped their price target on shares of 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 upped their target price on shares of Fidelity National Financial from $63.00 to $64.00 and gave the company a "market perform" rating in a research note on Tuesday, December 10th. Finally, Truist Financial increased 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Financial currently has a consensus rating of "Hold" and a consensus price target of $63.80.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF traded down $0.04 on Friday, reaching $59.96. 768,258 shares of the company's stock were exchanged, compared to its average volume of 1,190,548. The business's 50-day moving average is $61.02 and its two-hundred day moving average is $56.90. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $64.83. The firm has a market capitalization of $16.41 billion, a price-to-earnings ratio of 21.80 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released 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 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%. Fidelity National Financial's revenue was up 29.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 EPS. As a group, equities research analysts forecast that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 represents a $2.00 dividend on an annualized basis and a yield of 3.34%. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48. Fidelity National Financial's payout ratio is currently 72.73%.

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.