Wellington Management Group LLP Trims Position in Fidelity National Financial, Inc. (NYSE:FNF)

Wellington Management Group LLP reduced its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 76.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of FNF. TPG GP A LLC purchased a new position in shares of Fidelity National Financial during the second quarter valued at about $83,798,000. Victory Capital Management Inc. grew its holdings in Fidelity National Financial by 8.5% during the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider's stock valued at $404,332,000 after buying an additional 640,829 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Fidelity National Financial by 3.7% in 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 acquiring an additional 289,962 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Fidelity National Financial in the 3rd quarter worth approximately $11,469,000. Finally, Cooke & Bieler LP raised its holdings in shares of Fidelity National Financial by 3.2% during the 2nd quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider's stock worth $293,436,000 after acquiring an additional 184,078 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Trading Up 1.7 %

FNF traded up $0.92 during 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. 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 business has a 50 day simple moving average of $60.73 and a 200-day simple moving average of $57.08. The stock has a market cap of $15.35 billion, a P/E ratio of 20.40 and a beta of 1.36. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $64.83.

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 (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.11). The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate 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 was up 29.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.23 EPS. On average, equities analysts anticipate that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. This is a boost from Fidelity National Financial's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.56%. Fidelity National Financial's dividend payout ratio is currently 72.73%.

Analysts Set New Price Targets

FNF has been the subject of a number of recent research reports. Barclays raised 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 report on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Fidelity National Financial from $63.00 to $64.00 and gave the stock a "market perform" rating in a research note on Tuesday, December 10th. Finally, Truist Financial upped their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Financial has a consensus rating of "Hold" and an average price target 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.