Skandinaviska Enskilda Banken AB publ Decreases Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Skandinaviska Enskilda Banken AB publ lessened its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 25.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,433 shares of the financial services provider’s stock after selling 16,600 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Fidelity National Financial were worth $2,443,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bridges Investment Management Inc. purchased a new stake in shares of Fidelity National Financial in the second quarter valued at approximately $1,223,000. Benjamin F. Edwards & Company Inc. boosted its stake in Fidelity National Financial by 35.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 32,624 shares of the financial services provider’s stock worth $1,613,000 after buying an additional 8,549 shares during the last quarter. Intech Investment Management LLC grew its holdings in Fidelity National Financial by 1.3% in the 2nd quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock valued at $758,000 after buying an additional 202 shares in the last quarter. XTX Topco Ltd increased its stake in shares of Fidelity National Financial by 303.9% in the 2nd quarter. XTX Topco Ltd now owns 22,518 shares of the financial services provider’s stock worth $1,113,000 after acquiring an additional 16,943 shares during the last quarter. Finally, Seven Eight Capital LP purchased a new position in shares of Fidelity National Financial during the 2nd quarter worth $778,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of the company’s 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 directly owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Down 0.0 %

Fidelity National Financial stock opened at $60.94 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a 50 day moving average price of $56.99 and a 200 day moving average price of $52.69. Fidelity National Financial, Inc. has a fifty-two week low of $37.10 and a fifty-two week high of $62.00. The company has a market capitalization of $16.65 billion, a PE ratio of 20.05 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last posted 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). 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 during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the firm posted $1.01 EPS. Fidelity National Financial’s quarterly revenue was up 2.9% compared to the same quarter last year. Research analysts expect that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current year.

Fidelity National Financial Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Truist Financial upped their price objective 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. Stephens restated an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft raised their target price on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods upped their price target on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.80.

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.