Healthcare of Ontario Pension Plan Trust Fund Has $1.42 Million Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Healthcare of Ontario Pension Plan Trust Fund decreased its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 61.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,904 shares of the financial services provider's stock after selling 36,596 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund's holdings in Fidelity National Financial were worth $1,421,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cetera Investment Advisers raised its position in Fidelity National Financial by 117.9% in the 1st quarter. Cetera Investment Advisers now owns 44,417 shares of the financial services provider's stock valued at $2,359,000 after purchasing an additional 24,034 shares during the last quarter. M&G Plc bought a new position in shares of Fidelity National Financial in the second quarter valued at about $629,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Fidelity National Financial by 61.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,707 shares of the financial services provider's stock worth $2,457,000 after buying an additional 18,838 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in Fidelity National Financial by 10.8% during the 2nd quarter. Wedge Capital Management L L P NC now owns 851,810 shares of the financial services provider's stock worth $42,096,000 after acquiring an additional 82,982 shares during the last quarter. Finally, Swedbank AB increased its position in Fidelity National Financial by 25.1% in the 3rd quarter. Swedbank AB now owns 42,375 shares of the financial services provider's stock valued at $2,630,000 after acquiring an additional 8,511 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a "hold" rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods increased their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the company a "market perform" rating in a research report on Wednesday, September 4th. Truist Financial lifted their target price on Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Barclays upped their price target on Fidelity National Financial from $56.00 to $59.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 8th. Finally, Stephens reiterated an "overweight" rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Financial presently has an average rating of "Hold" and an average target price of $63.60.

Insider Buying and Selling

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

Fidelity National Financial Trading Down 0.6 %

Shares of NYSE:FNF traded down $0.36 during midday trading on Monday, hitting $63.03. The company had a trading volume of 849,680 shares, compared to its average volume of 1,200,038. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 12 month low of $44.80 and a 12 month high of $64.83. The firm has a fifty day simple moving average of $60.96 and a 200 day simple moving average of $56.27. The stock has a market cap of $17.25 billion, a price-to-earnings ratio of 22.92 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued 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 company 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 quarter last year, the business posted $1.23 EPS. On average, analysts predict that Fidelity National Financial, Inc. will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

The company 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 $0.50 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.17%. This is a boost from Fidelity National Financial's previous quarterly dividend of $0.48. Fidelity National Financial's dividend payout ratio 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.