Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 9.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 320,560 shares of the financial services provider's stock after purchasing an additional 27,135 shares during the period. Natixis Advisors LLC owned approximately 0.12% of Fidelity National Financial worth $19,894,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in shares of Fidelity National Financial in the 2nd quarter worth about $26,000. New Covenant Trust Company N.A. acquired a new stake in Fidelity National Financial in the 1st quarter valued at $30,000. Covestor Ltd raised its position in Fidelity National Financial by 109.0% in the first quarter. Covestor Ltd now owns 581 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 303 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Fidelity National Financial in the third quarter valued at about $32,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Fidelity National Financial during the 2nd quarter valued at about $35,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the company's 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 completion of the transaction, the director now owns 13,206 shares in the company, valued at approximately $803,585.10. This represents a 11.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Truist Financial raised their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a report on Monday, November 11th. Keefe, Bruyette & Woods raised 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 report on Wednesday, September 4th. Barclays upped their target price on shares of 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. Deutsche Bank Aktiengesellschaft lifted their price target on Fidelity National Financial from $61.00 to $63.00 and gave the stock a "hold" rating in a research note on Wednesday, August 7th. Finally, Stephens restated an "overweight" rating and set a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's 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.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock traded down $0.79 during trading hours on Wednesday, reaching $60.15. The company's stock had a trading volume of 101,487 shares, compared to its average volume of 1,199,758. Fidelity National Financial, Inc. has a one year low of $44.10 and a one year high of $62.97. The company's 50 day simple moving average is $60.57 and its 200 day simple moving average is $55.60. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market cap of $16.46 billion, a P/E ratio of 22.16 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 business had revenue of $3.60 billion during 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%. The business's 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. As a group, analysts expect that Fidelity National Financial, Inc. will post 4.5 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. This is an increase from Fidelity National Financial's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.33%. Fidelity National Financial's payout ratio is 69.82%.

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.