Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Windacre Partnership LLC

Windacre Partnership LLC reduced its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,024,300 shares of the financial services provider's stock after selling 405,000 shares during the period. Fidelity National Financial accounts for approximately 13.2% of Windacre Partnership LLC's portfolio, making the stock its 4th biggest holding. Windacre Partnership LLC owned 5.86% of Fidelity National Financial worth $994,468,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in shares of 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 worth $404,332,000 after buying an additional 640,829 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings 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 valued at $498,041,000 after acquiring an additional 289,962 shares during the period. Cooke & Bieler LP boosted its holdings in Fidelity National Financial by 3.2% during 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 acquiring an additional 184,078 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Fidelity National Financial by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider's stock valued at $169,421,000 after purchasing an additional 77,118 shares during the last quarter. Finally, AustralianSuper Pty Ltd increased its stake in shares of Fidelity National Financial by 0.4% in the third quarter. AustralianSuper Pty Ltd now owns 1,833,765 shares of the financial services provider's stock worth $113,803,000 after purchasing an additional 6,976 shares during the period. Institutional investors and hedge funds own 81.17% of the company's stock.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the company's 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 sale, the director now directly owns 13,206 shares in the company, valued at $803,585.10. This represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.20% of the stock is currently owned by insiders.

Fidelity National Financial Stock Performance

FNF stock traded down $0.08 during midday trading on Friday, hitting $62.01. The stock had a trading volume of 805,623 shares, compared to its average volume of 1,024,580. Fidelity National Financial, Inc. has a 52 week low of $46.35 and a 52 week high of $64.83. 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 stock has a 50-day simple moving average of $61.09 and a 200 day simple moving average of $56.49. The firm has a market capitalization of $16.97 billion, a price-to-earnings ratio of 22.55 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings data 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 business had revenue of $3.60 billion for 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% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 earnings per share. As a group, equities research analysts anticipate that Fidelity National Financial, Inc. will post 4.54 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid 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 dividend yield of 3.23%. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial's dividend payout ratio is currently 69.82%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FNF. Stephens reaffirmed an "overweight" rating and issued a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 4th. Barclays upped 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. Finally, Truist Financial raised their price target 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. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $63.60.

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.