Robeco Institutional Asset Management B.V. Reduces Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Robeco Institutional Asset Management B.V. reduced its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 43.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,436 shares of the financial services provider's stock after selling 55,874 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Fidelity National Financial were worth $4,557,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Csenge Advisory Group increased its holdings in shares of Fidelity National Financial by 8.7% during the first quarter. Csenge Advisory Group now owns 5,777 shares of the financial services provider's stock worth $307,000 after buying an additional 464 shares in the last quarter. Quantbot Technologies LP raised its holdings in Fidelity National Financial by 67.1% in the 1st quarter. Quantbot Technologies LP now owns 11,680 shares of the financial services provider's stock worth $620,000 after purchasing an additional 4,691 shares in the last quarter. Wealthspire Advisors LLC bought a new position in Fidelity National Financial during the 1st quarter valued at approximately $205,000. AMJ Financial Wealth Management purchased a new stake in shares of Fidelity National Financial during the 1st quarter valued at about $3,031,000. Finally, Headlands Technologies LLC purchased a new position in shares of Fidelity National Financial during the 1st quarter valued at about $137,000. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Stock Up 1.9 %

Shares of Fidelity National Financial stock traded up $1.11 during trading hours on Friday, reaching $60.23. The company's stock had a trading volume of 1,344,694 shares, compared to its average volume of 997,720. Fidelity National Financial, Inc. has a one year low of $43.11 and a one year high of $62.97. The stock's fifty day simple moving average is $60.30 and its two-hundred day simple moving average is $55.03. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market capitalization of $16.47 billion, a P/E ratio of 21.90 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a return on equity of 14.23% and a net margin of 5.57%. The company's revenue was up 29.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 earnings per share. On average, research analysts forecast that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The business 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 $0.50 dividend. The ex-dividend date 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 yield of 3.32%. Fidelity National Financial's dividend payout ratio (DPR) is 69.82%.

Analysts Set New Price Targets

Several research analysts recently issued reports on FNF shares. Barclays increased their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 8th. Stephens restated an "overweight" rating and issued a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Truist Financial upped their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a "buy" rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their target price on Fidelity National Financial from $61.00 to $63.00 and gave the company a "hold" rating in a research note on Wednesday, August 7th. Finally, StockNews.com lowered Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $62.40.

Insider Activity

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 directly owns 13,206 shares of the company's stock, valued at approximately $803,585.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.20% of the company's stock.

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.