Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 625,000 shares of the financial services provider's stock after selling 26,708 shares during the period. Wedge Capital Management L L P NC owned 0.23% of Fidelity National Financial worth $35,088,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FNF. Swedbank AB raised its position 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 buying an additional 8,511 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised 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 buying an additional 18,838 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Fidelity National Financial in the fourth quarter valued at about $621,000. Horizon Kinetics Asset Management LLC raised its position in shares of Fidelity National Financial by 35.1% in the third quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider's stock valued at $3,604,000 after buying an additional 15,100 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Fidelity National Financial by 4.4% in the third quarter. Barclays PLC now owns 216,755 shares of the financial services provider's stock valued at $13,451,000 after buying an additional 9,146 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Trading Up 0.8 %

Shares of FNF traded up $0.43 during trading on Friday, reaching $58.12. 1,207,997 shares of the company traded hands, compared to its average volume of 868,563. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83. The stock has a market cap of $15.91 billion, a PE ratio of 21.14 and a beta of 1.38. The stock has a 50-day simple moving average of $59.00 and a 200-day simple moving average of $58.08. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced 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). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the prior year, the business earned $1.23 earnings per share. Fidelity National Financial's revenue was up 29.7% on a year-over-year basis. On average, analysts anticipate that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a dividend of $0.50 per share. The ex-dividend date was 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 dividend yield of 3.44%. Fidelity National Financial's dividend payout ratio (DPR) is currently 72.73%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reduced their target price 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 increased 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 report on Tuesday, October 8th. Truist Financial raised their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a "hold" rating to a "buy" rating and raised their price objective for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Fidelity National Financial presently has a consensus rating of "Moderate Buy" and an average target price of $66.40.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of the firm's 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 completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction that occurred 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 transaction, the director now owns 32,386 shares of the company's stock, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. Company 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.