Forsta AP Fonden Sells 8,100 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Forsta AP Fonden reduced its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 13.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,700 shares of the financial services provider’s stock after selling 8,100 shares during the quarter. Forsta AP Fonden’s holdings in Fidelity National Financial were worth $2,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of FNF. Confluence Investment Management LLC purchased a new position in Fidelity National Financial during the first quarter valued at $135,347,000. Windacre Partnership LLC increased its holdings in shares of Fidelity National Financial by 9.6% in the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock worth $862,836,000 after purchasing an additional 1,424,767 shares during the last quarter. Norges Bank purchased a new stake in shares of Fidelity National Financial in the fourth quarter worth about $41,212,000. Vanguard Group Inc. boosted its stake in Fidelity National Financial by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock valued at $1,427,102,000 after buying an additional 728,768 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in Fidelity National Financial by 1,029.1% during the 4th quarter. Schroder Investment Management Group now owns 716,554 shares of the financial services provider’s stock valued at $36,559,000 after buying an additional 653,091 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FNF. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Stephens reiterated an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. Truist Financial lifted their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods upped their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $61.80.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $60.53 on Monday. Fidelity National Financial, Inc. has a 12-month low of $37.10 and a 12-month high of $60.54. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $55.72 and a 200-day moving average price of $52.28. The firm has a market capitalization of $16.54 billion, a PE ratio of 19.91 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.03). The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.01 EPS. As a group, equities research analysts forecast that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.17%. The ex-dividend date is Monday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

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.