National Pension Service Raises Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

National Pension Service lifted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 2,211,500.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,348 shares of the financial services provider's stock after buying an additional 66,345 shares during the quarter. National Pension Service's holdings in Fidelity National Financial were worth $4,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new stake in Fidelity National Financial in the second quarter worth about $26,000. New Covenant Trust Company N.A. purchased a new stake in Fidelity National Financial in the first quarter worth about $30,000. Covestor Ltd grew its holdings in Fidelity National Financial by 109.0% in the first quarter. Covestor Ltd now owns 581 shares of the financial services provider's stock worth $31,000 after purchasing an additional 303 shares during the period. International Assets Investment Management LLC purchased a new stake in Fidelity National Financial in the second quarter worth about $35,000. Finally, Innealta Capital LLC purchased a new stake in Fidelity National Financial in the second quarter worth about $43,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Wall Street Analyst Weigh In

FNF has been the topic of a number of recent analyst reports. StockNews.com cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. Barclays increased 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. Stephens reiterated an "overweight" rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Truist Financial increased their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a "buy" rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a "hold" rating in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $62.40.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the firm's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction 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 trade represents a 0.00 % 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 Stock Performance

Fidelity National Financial stock traded up $1.11 during midday trading on Friday, reaching $60.23. 1,344,694 shares of the company traded hands, compared to its average volume of 1,215,338. The firm has a market capitalization of $16.47 billion, a price-to-earnings ratio of 17.65 and a beta of 1.37. The business has a 50 day moving average of $60.27 and a two-hundred day moving average of $54.92. Fidelity National Financial, Inc. has a 12 month low of $43.11 and a 12 month high of $62.97. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results 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). Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the business posted $1.23 earnings per share. The firm's revenue was up 29.7% on a year-over-year basis. As a group, research analysts predict that Fidelity National Financial, Inc. will post 4.53 earnings per share 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. Stockholders of record on Tuesday, December 17th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This is a boost from Fidelity National Financial's previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.32%. Fidelity National Financial's dividend payout ratio is 57.31%.

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.