Verition Fund Management LLC Sells 11,746 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Verition Fund Management LLC trimmed its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 57.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,591 shares of the financial services provider’s stock after selling 11,746 shares during the quarter. Verition Fund Management LLC’s holdings in Fidelity National Financial were worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Fidelity National Financial during the third quarter valued at approximately $32,000. International Assets Investment Management LLC bought a new position in Fidelity National Financial in the 2nd quarter worth $35,000. Brooklyn Investment Group purchased a new stake in shares of Fidelity National Financial in the 3rd quarter worth about $35,000. Innealta Capital LLC bought a new stake in shares of Fidelity National Financial during the 2nd quarter valued at about $43,000. Finally, UMB Bank n.a. increased its position in shares of Fidelity National Financial by 280.6% during the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock valued at $43,000 after buying an additional 505 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FNF has been the topic of a number of research analyst reports. Barclays upped their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods increased their price objective on Fidelity National Financial from $63.00 to $64.00 and gave the stock a “market perform” rating in a report on Tuesday. Truist Financial increased 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 note on Monday, November 11th. Finally, Stephens restated an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a report on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $63.80.

Fidelity National Financial Trading Down 0.3 %

Shares of NYSE FNF opened at $60.03 on Thursday. The firm’s 50 day moving average price is $61.06 and its 200-day moving average price is $56.70. Fidelity National Financial, Inc. has a 52-week low of $46.55 and a 52-week high of $64.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $16.43 billion, a PE ratio of 21.83 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (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 net margin of 5.57% and a return on equity of 13.72%. 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 company earned $1.23 earnings per share. On average, equities research analysts expect that Fidelity National Financial, Inc. will post 4.55 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The company 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. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.33%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is presently 69.82%.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The trade was a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.20% of the stock is owned by company insiders.

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.