Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its position in Fidelity National Financial, Inc. (NYSE:FNF) by 79.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,635 shares of the financial services provider’s stock after selling 44,437 shares during the quarter. Quantbot Technologies LP’s holdings in Fidelity National Financial were worth $722,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FNF. TPG GP A LLC purchased a new position in shares of Fidelity National Financial in the second quarter valued at $83,798,000. Victory Capital Management Inc. boosted its position 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 valued at $404,332,000 after buying an additional 640,829 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 valued at $498,041,000 after buying an additional 289,962 shares during the last quarter. Cooke & Bieler LP grew its stake in shares of 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 in the last quarter. Finally, CWA Asset Management Group LLC purchased a new stake in shares of Fidelity National Financial during the third quarter worth about $11,100,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction dated Wednesday, September 18th. The shares were 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 trade represents a 11.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. Stephens reissued an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. Barclays upped their price target 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. 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 report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $63.60.

Fidelity National Financial Stock Down 0.6 %

FNF stock opened at $63.03 on Tuesday. The firm has a market cap of $17.25 billion, a price-to-earnings ratio of 22.92 and a beta of 1.37. Fidelity National Financial, Inc. has a 1-year low of $44.80 and a 1-year high of $64.83. The firm has a fifty day moving average price of $60.96 and a two-hundred day moving average price of $56.27. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data 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 business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the prior year, the company earned $1.23 EPS. Fidelity National Financial’s quarterly revenue was up 29.7% on a year-over-year basis. Research analysts predict that Fidelity National Financial, Inc. will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently declared 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 an increase 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 annualized dividend and a dividend yield of 3.17%. Fidelity National Financial’s dividend payout ratio (DPR) is 69.82%.

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.