Fjarde AP Fonden Fourth Swedish National Pension Fund Has $7.03 Million Stock Holdings in Fidelity National Financial, Inc. $FNF

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 116.7% during the 1st quarter, Holdings Channel reports. The firm owned 151,619 shares of the financial services provider’s stock after purchasing an additional 81,650 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Fidelity National Financial were worth $7,032,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Canton Hathaway LLC bought a new stake in shares of Fidelity National Financial during the fourth quarter valued at approximately $26,000. Commonwealth Retirement Investments LLC bought a new position in shares of Fidelity National Financial in the fourth quarter valued at $28,000. Headlands Technologies LLC bought a new position in shares of Fidelity National Financial in the second quarter valued at $32,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Fidelity National Financial by 57.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock valued at $53,000 after buying an additional 353 shares during the last quarter. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of Fidelity National Financial during the fourth quarter valued at about $58,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $48.88 on Monday. The company has a market capitalization of $13.16 billion, a PE ratio of 17.86, a PEG ratio of 0.72 and a beta of 0.96. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average price is $48.44 and its 200-day moving average price is $50.60. Fidelity National Financial, Inc. has a twelve month low of $42.78 and a twelve month high of $61.40.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). The business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The business’s revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 earnings per share. On average, equities analysts anticipate that Fidelity National Financial, Inc. will post 5.24 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $2.08 annualized dividend and a dividend yield of 4.3%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 75.91%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Stephens decreased their target price on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Barclays cut their price target on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. National Bank Financial set a $50.00 price objective on Fidelity National Financial in a research note on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Finally, Keefe, Bruyette & Woods cut their target price on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Fidelity National Financial presently has an average rating of “Hold” and a consensus target price of $55.50.

Insider Activity

In other news, EVP Peter T. Sadowski sold 69,196 shares of Fidelity National Financial stock in a transaction on Friday, June 26th. The stock was sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the sale, the executive vice president directly owned 5,702 shares in the company, valued at $260,581.40. The trade was a 92.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.70% of the stock is currently owned by corporate insiders.

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.