Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 76.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,755 shares of the financial services provider's stock after selling 22,294 shares during the quarter. Wellington Management Group LLP's holdings in Fidelity National Financial were worth $419,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. TPG GP A LLC acquired a new position in shares of Fidelity National Financial in the second quarter worth about $83,798,000. Victory Capital Management Inc. increased its holdings in Fidelity National Financial by 8.5% in the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider's stock worth $404,332,000 after acquiring an additional 640,829 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position 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 acquiring an additional 289,962 shares during the period. Point72 Asset Management L.P. purchased a new position in Fidelity National Financial during the third quarter valued at $11,469,000. Finally, Cooke & Bieler LP grew its position in shares of Fidelity National Financial by 3.2% in the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider's stock valued at $293,436,000 after purchasing an additional 184,078 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Trading Up 1.7 %

Shares of FNF traded up $0.92 during midday trading on Friday, reaching $56.11. The company had a trading volume of 3,136,192 shares, compared to its average volume of 1,200,448. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $64.83. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a 50 day simple moving average of $60.73 and a 200-day simple moving average of $57.04. The stock has a market cap of $15.35 billion, a PE ratio of 20.40 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its 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 return on equity of 13.72% and a net margin of 5.57%. Fidelity National Financial's revenue for the quarter was up 29.7% on a year-over-year basis. During the same period last year, the firm earned $1.23 earnings per share. Research analysts forecast that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.50 dividend. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.56%. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial's payout ratio is 72.73%.

Analysts Set New Price Targets

Several equities research analysts have commented on FNF shares. Truist Financial boosted their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods increased their price objective on Fidelity National Financial from $63.00 to $64.00 and gave the company a "market perform" rating in a research note on Tuesday, December 10th. Finally, Barclays lifted their target price 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. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial has a consensus rating of "Hold" and an average target price of $63.80.

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.