Swedbank AB Acquires 8,511 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Swedbank AB grew its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 25.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,375 shares of the financial services provider’s stock after purchasing an additional 8,511 shares during the quarter. Swedbank AB’s holdings in Fidelity National Financial were worth $2,630,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position 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 worth $35,412,000 after buying an additional 580,694 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Fidelity National Financial by 7.7% during the first 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 during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Fidelity National Financial by 49.0% in the first 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. Lloyd Advisory Services LLC. bought a new position in Fidelity National Financial in the 1st quarter worth approximately $1,010,000. Finally, Bayesian Capital Management LP acquired a new position in Fidelity National Financial during the 1st quarter worth $1,494,000. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $62.16 on Friday. The stock has a market cap of $16.98 billion, a PE ratio of 20.45 and a beta of 1.36. The stock has a 50-day moving average of $59.50 and a 200-day moving average of $53.96. 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 one year low of $37.10 and a one year high of $62.97.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.03). The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 EPS. As a group, sell-side 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 announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.92 annualized dividend and a yield of 3.09%. Fidelity National Financial’s dividend payout ratio is presently 63.16%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was 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 of the company’s stock, valued at $803,585.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

FNF has been the subject of several research reports. Stephens reissued an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research note 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. Barclays raised their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of 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, Truist Financial raised their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $62.40.

About Fidelity National Financial

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.