Fjarde AP Fonden Fourth Swedish National Pension Fund Lowers Stake in Fidelity National Financial, Inc. $FNF

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 13.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 65,469 shares of the financial services provider’s stock after selling 10,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Fidelity National Financial were worth $3,960,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Fidelity National Financial by 2.1% during the second quarter. Vanguard Group Inc. now owns 27,755,047 shares of the financial services provider’s stock valued at $1,555,948,000 after purchasing an additional 580,133 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Fidelity National Financial by 2.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 9,235,289 shares of the financial services provider’s stock valued at $517,730,000 after purchasing an additional 234,288 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Fidelity National Financial by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,795,238 shares of the financial services provider’s stock valued at $268,026,000 after buying an additional 37,473 shares in the last quarter. Norges Bank purchased a new position in shares of Fidelity National Financial during the 2nd quarter valued at about $189,685,000. Finally, First Trust Advisors LP boosted its stake in Fidelity National Financial by 252.4% in the second quarter. First Trust Advisors LP now owns 3,379,555 shares of the financial services provider’s stock worth $189,458,000 after buying an additional 2,420,421 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling

In related news, Director Daniel D. Lane sold 6,367 shares of Fidelity National Financial stock in a transaction on Monday, November 17th. The shares were sold at an average price of $57.63, for a total value of $366,930.21. Following the sale, the director owned 276,308 shares in the company, valued at $15,923,630.04. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Halim Dhanidina sold 6,000 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $55.90, for a total transaction of $335,400.00. Following the transaction, the director directly owned 13,186 shares in the company, valued at approximately $737,097.40. The trade was a 31.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.50% of the stock is currently owned by company insiders.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock opened at $52.88 on Monday. The firm has a market cap of $14.87 billion, a PE ratio of 12.75 and a beta of 1.00. Fidelity National Financial, Inc. has a 12-month low of $50.61 and a 12-month high of $66.72. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $56.53 and its two-hundred day simple moving average is $57.24.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Monday, November 10th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.43 by $0.20. The firm had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.57 billion. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.30 earnings per share. As a group, equities analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th were issued a $0.52 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, December 17th. This represents a $2.08 annualized dividend and a yield of 3.9%. Fidelity National Financial’s dividend payout ratio (DPR) is 50.12%.

Analyst Ratings Changes

FNF has been the topic of several research reports. Wall Street Zen raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Sunday. National Bankshares set a $63.00 target price on shares of Fidelity National Financial in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Stephens began coverage on Fidelity National Financial in a research note on Friday, November 14th. They set an “overweight” rating on the stock. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidelity National Financial in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $68.25.

About Fidelity National Financial

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.