Healthcare of Ontario Pension Plan Trust Fund Reduces Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Healthcare of Ontario Pension Plan Trust Fund reduced its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 61.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,904 shares of the financial services provider’s stock after selling 36,596 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Fidelity National Financial were worth $1,421,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers increased its holdings in shares of Fidelity National Financial by 117.9% during the 1st quarter. Cetera Investment Advisers now owns 44,417 shares of the financial services provider’s stock worth $2,359,000 after buying an additional 24,034 shares during the last quarter. M&G Plc acquired a new stake in Fidelity National Financial during the second quarter worth $629,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in 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 purchasing an additional 18,838 shares during the period. Wedge Capital Management L L P NC lifted its stake in shares of Fidelity National Financial by 10.8% in the 2nd quarter. Wedge Capital Management L L P NC now owns 851,810 shares of the financial services provider’s stock valued at $42,096,000 after purchasing an additional 82,982 shares during the last quarter. Finally, Swedbank AB grew its holdings in shares of Fidelity National Financial by 25.1% during the 3rd quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock worth $2,630,000 after purchasing an additional 8,511 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the 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 transaction, the director now owns 13,206 shares of the company’s stock, valued at $803,585.10. This represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 5.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FNF has been the topic of a number of recent analyst reports. Stephens reaffirmed an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Barclays lifted 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. Truist Financial upped their price target 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. Finally, Keefe, Bruyette & Woods boosted their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.60.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $63.39 on Monday. Fidelity National Financial, Inc. has a 52 week low of $44.39 and a 52 week high of $64.83. The company has a fifty day simple moving average of $60.92 and a two-hundred day simple moving average of $56.19. 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 company has a market cap of $17.35 billion, a price-to-earnings ratio of 23.05 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The company’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 earnings per share. As a group, equities analysts anticipate that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.16%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio is presently 69.82%.

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.