Sanctuary Advisors LLC Increases Position in Fidelity National Financial, Inc. (NYSE:FNF)

Sanctuary Advisors LLC grew its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 136.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 157,438 shares of the financial services provider's stock after buying an additional 90,968 shares during the period. Sanctuary Advisors LLC owned 0.06% of Fidelity National Financial worth $9,752,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in Fidelity National Financial by 8.5% during the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider's stock valued at $404,332,000 after purchasing an additional 640,829 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Fidelity National Financial by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider's stock worth $498,041,000 after buying an additional 289,962 shares during the last quarter. Cooke & Bieler LP raised its stake in Fidelity National Financial by 3.2% during the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider's stock worth $293,436,000 after buying an additional 184,078 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Fidelity National Financial by 1.6% in the third quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider's stock valued at $276,343,000 after buying an additional 69,643 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Fidelity National Financial by 2.3% during 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 acquiring an additional 77,118 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Barclays boosted their price objective 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. Truist Financial boosted their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Financial from $63.00 to $64.00 and gave the stock a "market perform" rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Financial has a consensus rating of "Hold" and an average target price of $63.80.

Fidelity National Financial Stock Down 0.1 %

FNF stock traded down $0.04 during trading on Friday, reaching $59.96. 768,258 shares of the stock were exchanged, compared to its average volume of 1,190,548. The firm's 50 day moving average is $61.02 and its 200 day moving average is $56.81. The firm has a market cap of $16.41 billion, a P/E ratio of 21.80 and a beta of 1.36. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83.

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 for the quarter, missing analysts' consensus estimates 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 firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the company earned $1.23 earnings per share. Fidelity National Financial's revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, research analysts forecast that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.34%. 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 dividend payout ratio (DPR) is 72.73%.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the sale, the director now directly owns 13,206 shares of the company's stock, valued at approximately $803,585.10. This represents a 11.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.20% of the company's stock.

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.