Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC decreased its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 57.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,591 shares of the financial services provider's stock after selling 11,746 shares during the period. Verition Fund Management LLC's holdings in Fidelity National Financial were worth $533,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. M&G Plc acquired a new stake in Fidelity National Financial in the 2nd quarter valued at about $629,000. Swedbank AB lifted its holdings in shares of Fidelity National Financial by 25.1% in the third quarter. Swedbank AB now owns 42,375 shares of the financial services provider's stock valued at $2,630,000 after purchasing an additional 8,511 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Fidelity National Financial by 61.0% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,707 shares of the financial services provider's stock valued at $2,457,000 after purchasing an additional 18,838 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its stake in shares of 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 worth $3,604,000 after purchasing an additional 15,100 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC raised its position in shares of Fidelity National Financial by 8.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 116,894 shares of the financial services provider's stock worth $7,254,000 after purchasing an additional 8,618 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods upped their target price on Fidelity National Financial from $63.00 to $64.00 and gave the company a "market perform" rating in a research note on Tuesday. Truist Financial upped their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Stephens reiterated an "overweight" rating and set a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. Finally, Barclays boosted their target price 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. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $63.80.

Fidelity National Financial Trading Down 0.1 %

Shares of Fidelity National Financial stock traded down $0.04 during trading hours on Thursday, reaching $60.00. 616,485 shares of the company's stock were exchanged, compared to its average volume of 1,192,308. Fidelity National Financial, Inc. has a 52-week low of $46.55 and a 52-week high of $64.83. The company has a fifty day moving average of $61.04 and a 200-day moving average of $56.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $16.42 billion, a price-to-earnings ratio of 21.93 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results 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 business had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The business's quarterly revenue was up 29.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.23 earnings per share. Sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.55 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given 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 annualized dividend and a dividend yield of 3.33%. Fidelity National Financial's dividend payout ratio (DPR) is currently 69.82%.

Insider Activity at Fidelity National Financial

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 transaction, the director now directly owns 13,206 shares of the company's stock, valued at approximately $803,585.10. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.20% of the stock is owned by insiders.

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.