Tredje AP fonden Sells 635 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Tredje AP fonden reduced its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 1.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,302 shares of the financial services provider’s stock after selling 635 shares during the quarter. Tredje AP fonden’s holdings in Fidelity National Financial were worth $1,992,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV increased its stake in Fidelity National Financial by 845.5% during the 4th quarter. KBC Group NV now owns 631,801 shares of the financial services provider’s stock valued at $32,234,000 after purchasing an additional 564,980 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Fidelity National Financial by 673.6% during the 1st quarter. BNP Paribas Financial Markets now owns 666,900 shares of the financial services provider’s stock valued at $35,412,000 after purchasing an additional 580,694 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Fidelity National Financial by 7.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 327,206 shares of the financial services provider’s stock valued at $17,375,000 after purchasing an additional 23,358 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Fidelity National Financial by 49.0% during the 1st quarter. Advisors Asset Management Inc. now owns 39,644 shares of the financial services provider’s stock valued at $2,105,000 after purchasing an additional 13,039 shares in the last quarter. Finally, Lloyd Advisory Services LLC. bought a new stake in Fidelity National Financial during the 1st quarter valued at about $1,010,000. 81.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FNF has been the topic of a number of recent analyst reports. Truist Financial raised their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods raised their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Stephens reissued an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a report on Thursday, August 15th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Fidelity National Financial currently has a consensus rating of “Hold” and a consensus target price of $61.80.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $60.87 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23. Fidelity National Financial, Inc. has a 1-year low of $37.10 and a 1-year high of $61.71. The company has a market capitalization of $16.63 billion, a P/E ratio of 20.02 and a beta of 1.36. The firm’s 50 day simple moving average is $56.65 and its two-hundred day simple moving average is $52.54.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the prior year, the firm earned $1.01 EPS. Fidelity National Financial’s revenue for the quarter was up 2.9% compared to the same quarter last year. Research analysts expect that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Monday, September 16th. Fidelity National Financial’s dividend payout ratio is currently 63.16%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the sale, the director now owns 13,206 shares in the company, valued at $803,585.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 5.20% of the company’s stock.

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.