Fidelity National Financial, Inc. (NYSE:FNF) Position Increased by Verity & Verity LLC

Verity & Verity LLC lifted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,223 shares of the financial services provider's stock after acquiring an additional 10,141 shares during the quarter. Verity & Verity LLC owned 0.09% of Fidelity National Financial worth $13,486,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Merit Financial Group LLC acquired a new stake in Fidelity National Financial in the fourth quarter valued at $286,000. Avanza Fonder AB purchased a new stake in shares of Fidelity National Financial in the 4th quarter worth about $1,061,000. Capital Advisors Wealth Management LLC grew its stake in Fidelity National Financial by 2.1% in the 4th quarter. Capital Advisors Wealth Management LLC now owns 45,418 shares of the financial services provider's stock valued at $2,550,000 after acquiring an additional 919 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in Fidelity National Financial during the 4th quarter valued at about $406,000. Finally, Park Avenue Securities LLC increased its holdings in Fidelity National Financial by 7.6% during the 4th quarter. Park Avenue Securities LLC now owns 43,956 shares of the financial services provider's stock valued at $2,468,000 after acquiring an additional 3,112 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Stock Up 0.8 %

Shares of FNF traded up $0.43 during midday trading on Friday, reaching $58.12. 1,207,997 shares of the company were exchanged, compared to its average volume of 868,563. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $64.83. The stock has a 50-day moving average price of $59.00 and a 200-day moving average price of $58.08. 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 company has a market cap of $15.91 billion, a price-to-earnings ratio of 21.14 and a beta of 1.38.

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 earnings per share for the quarter, missing analysts' consensus estimates of $1.41 by ($0.11). The company had revenue of $3.60 billion during 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 firm's revenue was up 29.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.23 EPS. Research analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.44%. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Tuesday, December 17th. Fidelity National Financial's dividend payout ratio (DPR) is presently 72.73%.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FNF shares. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and upped their target price for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Keefe, Bruyette & Woods reduced their target price on Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 8th. Barclays increased their price target on shares of 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. Finally, Truist Financial boosted their target price on Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.