Sterling Investment Counsel LLC Sells 5,314 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Sterling Investment Counsel LLC cut its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 56.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,132 shares of the financial services provider's stock after selling 5,314 shares during the period. Sterling Investment Counsel LLC's holdings in Fidelity National Financial were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position 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 worth $498,041,000 after buying an additional 289,962 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Fidelity National Financial by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider's stock valued at $276,343,000 after purchasing an additional 69,643 shares during the last quarter. AustralianSuper Pty Ltd grew its stake in Fidelity National Financial by 0.4% in the 3rd 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Fidelity National Financial by 3.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,530,424 shares of the financial services provider's stock valued at $94,978,000 after purchasing an additional 57,316 shares during the last quarter. Finally, FMR LLC increased its position in Fidelity National Financial by 11.4% during the third quarter. FMR LLC now owns 872,017 shares of the financial services provider's stock worth $54,117,000 after acquiring an additional 89,031 shares during the period. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Price Performance

FNF stock traded down $1.37 during mid-day trading on Tuesday, reaching $58.03. 771,586 shares of the company traded hands, compared to its average volume of 991,028. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $64.83. The company has a market capitalization of $15.88 billion, a P/E ratio of 21.10 and a beta of 1.38. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The company has a fifty day moving average price of $58.71 and a 200-day moving average price of $58.55.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.41 by ($0.11). The firm had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The firm's revenue for the quarter was up 29.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 earnings per share. As a group, analysts anticipate that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a $0.50 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $2.00 annualized dividend and a yield of 3.45%. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48. Fidelity National Financial's dividend payout ratio is currently 72.73%.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 2,800 shares of the company's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FNF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating for the company in a research report on Wednesday, January 8th. Barclays raised 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. Truist Financial increased their price objective on shares of 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, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and boosted their target price for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $66.40.

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.