KBC Group NV Has $46.32 Million Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

KBC Group NV lessened its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 39.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 746,428 shares of the financial services provider's stock after selling 482,605 shares during the period. KBC Group NV owned approximately 0.27% of Fidelity National Financial worth $46,323,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Fidelity National Financial by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider's stock worth $1,427,102,000 after acquiring an additional 728,768 shares during the last quarter. Windacre Partnership LLC grew its position in shares of Fidelity National Financial by 9.6% in the 1st quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider's stock worth $862,836,000 after buying an additional 1,424,767 shares during the period. Victory Capital Management Inc. grew its position in shares of Fidelity National Financial by 8.5% in 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 buying an additional 640,829 shares during the period. Cooke & Bieler LP boosted its stake in 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 worth $293,436,000 after purchasing an additional 184,078 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in 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 purchasing an additional 77,118 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FNF. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 4th. Stephens restated an "overweight" rating and issued a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft lifted their target price on Fidelity National Financial from $61.00 to $63.00 and gave the stock a "hold" rating in a research report on Wednesday, August 7th. Barclays lifted their target price 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, Truist Financial boosted their price target on Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $63.60.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF traded down $0.27 during trading on Friday, reaching $60.71. The company had a trading volume of 709,178 shares, compared to its average volume of 1,209,466. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a fifty-two week low of $43.97 and a fifty-two week high of $62.97. The firm has a market capitalization of $16.61 billion, a price-to-earnings ratio of 22.28 and a beta of 1.37. The stock's fifty day moving average price is $60.44 and its 200 day moving average price is $55.31.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the company posted $1.23 earnings per share. The business's revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, equities research 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 declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial's dividend payout ratio (DPR) is presently 69.82%.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction that occurred 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 owns 13,206 shares in the company, valued at approximately $803,585.10. The trade was a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.20% of the company's stock.

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.