10 Best Stocks to Buy for Retirement

8. Fidelity National Financial, Inc. (NYSE:FNF)

Dividend Yield as of February 9: 4.27%
3-Year Average Annual Dividend Growth Rate: 12.00%
Dividend Payout Ratio: 30.8%

Fidelity National Financial, Inc. (NYSE:FNF) is a Florida-based insurance company that provides insurance and settlement services. In January, Barclays raised its price target on the stock to $53 with an Overweight rating on the shares, presenting a neutral stance on the US finance sector due to an expected recession this year.

In the past three years, Fidelity National Financial, Inc. (NYSE:FNF) raised its dividend at an annual average rate of 12%. The company pays a quarterly dividend of $0.45 per share and has a dividend yield of 4.27%, as of February 9.

At the end of September 2022, 30 hedge funds tracked by Insider Monkey reported owning stakes in Fidelity National Financial, Inc. (NYSE:FNF), with a total value of roughly $874 million.

Third Avenue Management mentioned Fidelity National Financial, Inc. (NYSE:FNF) in its Q3 2022 investor letter. Here is what the firm has to say:

“Fidelity National Financial, Inc. (NYSE:FNF) (2.4% of Fund Assets), which is planning to distribute a 15% stake in its wholly-owned life-insurance subsidiary (F&G Annuities & Life) having now established the segment at significant scale with approximately $40 billion of assets under management. This transaction will leave the FNF Group with a listed proxy for the value of its retained 85% stake in F&G, as well as a “net cash” balance sheet and market leading position in US title insurance (and other transaction-related activity) through its wholly-owned Fidelity National Financial subsidiary.”