184,801 Shares in Fidelity National Financial, Inc. (NYSE:FNF) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 184,801 shares of the financial services provider's stock, valued at approximately $11,469,000. Point72 Asset Management L.P. owned 0.07% of Fidelity National Financial as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. increased its holdings 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 buying an additional 640,829 shares in 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 valued at $498,041,000 after purchasing an additional 289,962 shares in the last quarter. Cooke & Bieler LP increased its holdings in Fidelity National Financial by 3.2% during 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 increased its stake in shares of Fidelity National Financial by 2.3% in the second 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 in the last quarter. Finally, AustralianSuper Pty Ltd raised its holdings in shares of Fidelity National Financial by 0.4% in the third quarter. AustralianSuper Pty Ltd now owns 1,833,765 shares of the financial services provider's stock valued at $113,803,000 after buying an additional 6,976 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Trading Down 0.1 %

NYSE:FNF traded down $0.08 during trading hours on Friday, hitting $62.01. The stock had a trading volume of 805,623 shares, compared to its average volume of 1,024,580. The business's 50 day moving average is $61.09 and its 200-day moving average is $56.55. 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 company has a market cap of $16.97 billion, a price-to-earnings ratio of 22.55 and a beta of 1.36. Fidelity National Financial, Inc. has a one year low of $46.35 and a one year high of $64.83.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the company earned $1.23 earnings per share. The firm's revenue was up 29.7% compared to the same quarter last year. Sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.54 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.23%. 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. Fidelity National Financial's dividend payout ratio is 69.82%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FNF. Keefe, Bruyette & Woods raised their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a "market perform" rating in a report on Wednesday, September 4th. 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. 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. Finally, Truist Financial boosted 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 note on Monday, November 11th. Four investment 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, the company has an average rating of "Hold" and a consensus target price of $63.60.

Insider Activity at Fidelity National Financial

In other 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 completion of the transaction, the director now owns 13,206 shares of the company's stock, valued at $803,585.10. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.20% of the stock is owned by insiders.

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.