Fidelity National Financial, Inc. (NYSE:FNF) Holdings Trimmed by Quantbot Technologies LP

Quantbot Technologies LP lowered its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 79.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,635 shares of the financial services provider's stock after selling 44,437 shares during the quarter. Quantbot Technologies LP's holdings in Fidelity National Financial were worth $722,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FNF. FMR LLC increased its stake in Fidelity National Financial by 11.4% in the third quarter. FMR LLC now owns 872,017 shares of the financial services provider's stock worth $54,117,000 after purchasing an additional 89,031 shares during the period. Bank of Montreal Can increased its stake in Fidelity National Financial by 4.7% in the 3rd quarter. Bank of Montreal Can now owns 184,207 shares of the financial services provider's stock worth $11,259,000 after buying an additional 8,298 shares during the period. Horizon Kinetics Asset Management LLC lifted its holdings in Fidelity National Financial by 35.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider's stock valued at $3,604,000 after buying an additional 15,100 shares in the last quarter. Independent Advisor Alliance bought a new stake in Fidelity National Financial during the 3rd quarter valued at about $208,000. Finally, Daiwa Securities Group Inc. boosted its position in Fidelity National Financial by 9.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 19,596 shares of the financial services provider's stock valued at $1,216,000 after buying an additional 1,700 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FNF. Barclays lifted 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 research note on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the company a "market perform" rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a "hold" rating in a report on Wednesday, August 7th. Stephens reaffirmed an "overweight" rating and issued a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. Finally, Truist Financial lifted their price objective 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Fidelity National Financial currently has a consensus rating of "Hold" and an average price target of $63.60.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the business'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 owns 13,206 shares in the company, valued at $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 available at the SEC website. 5.20% of the stock is owned by company insiders.

Fidelity National Financial Stock Down 0.1 %

FNF traded down $0.07 during trading on Tuesday, hitting $62.96. The stock had a trading volume of 309,059 shares, compared to its average volume of 1,196,158. The stock has a 50 day simple moving average of $60.96 and a two-hundred day simple moving average of $56.27. The company has a market capitalization of $17.23 billion, a PE ratio of 22.92 and a beta of 1.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a twelve month low of $44.80 and a twelve month high of $64.83.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.32 billion. During the same period in the previous year, the business earned $1.23 earnings per share. The business's revenue for the quarter was up 29.7% compared to the same quarter last year. On average, research analysts predict that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The company also recently announced 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 represents a $2.00 annualized dividend and a dividend yield of 3.18%. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial's payout ratio is 69.82%.

Fidelity National Financial 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.