Forsta AP Fonden Reduces Stake in Fidelity National Financial, Inc. $FNF

Forsta AP Fonden lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 44.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 90,500 shares of the financial services provider’s stock after selling 73,000 shares during the quarter. Forsta AP Fonden’s holdings in Fidelity National Financial were worth $4,940,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FNF. Windacre Partnership LLC grew its holdings in Fidelity National Financial by 31.0% during the 3rd quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after buying an additional 4,477,900 shares during the last quarter. Norges Bank acquired a new stake in Fidelity National Financial during the 4th quarter valued at $181,017,000. Alliancebernstein L.P. grew its holdings in Fidelity National Financial by 167.8% during the 3rd quarter. Alliancebernstein L.P. now owns 4,741,145 shares of the financial services provider’s stock valued at $286,792,000 after buying an additional 2,970,460 shares during the last quarter. AQR Capital Management LLC grew its holdings in Fidelity National Financial by 75.4% during the 3rd quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock valued at $304,503,000 after buying an additional 2,174,220 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in Fidelity National Financial during the 4th quarter valued at $36,362,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 1.8%

NYSE:FNF opened at $46.49 on Tuesday. The business’s 50-day moving average is $48.29 and its two-hundred day moving average is $52.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. Fidelity National Financial, Inc. has a 12 month low of $42.78 and a 12 month high of $61.40. The firm has a market capitalization of $12.51 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 0.69 and a beta of 1.00.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The company had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period last year, the business earned $0.78 earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. Research analysts predict that Fidelity National Financial, Inc. will post 5.3 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.08 annualized dividend and a yield of 4.5%. Fidelity National Financial’s dividend payout ratio (DPR) is 75.91%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Zacks Research cut Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. National Bank Financial set a $50.00 price objective on Fidelity National Financial in a report on Monday, May 11th. Stephens decreased their price objective on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. Finally, Weiss Ratings cut Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Fidelity National Financial currently has an average rating of “Hold” and a consensus price target of $56.25.

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.