Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by Forsta AP Fonden

Forsta AP Fonden grew its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 62.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,800 shares of the financial services provider’s stock after purchasing an additional 30,700 shares during the period. Forsta AP Fonden’s holdings in Fidelity National Financial were worth $4,480,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in Fidelity National Financial by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock worth $498,041,000 after buying an additional 289,962 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Fidelity National Financial by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider’s stock worth $276,343,000 after acquiring an additional 69,643 shares in the last quarter. AustralianSuper Pty Ltd grew its position in shares of Fidelity National Financial by 0.4% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,833,765 shares of the financial services provider’s stock valued at $113,803,000 after acquiring an additional 6,976 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Fidelity National Financial by 3.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,530,424 shares of the financial services provider’s stock valued at $94,978,000 after purchasing an additional 57,316 shares in the last quarter. Finally, FMR LLC raised its holdings in Fidelity National Financial by 11.4% in the 3rd quarter. FMR LLC now owns 872,017 shares of the financial services provider’s stock worth $54,117,000 after purchasing an additional 89,031 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $58.20 on Friday. The company’s 50-day moving average is $58.57 and its two-hundred day moving average is $58.58. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $64.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market capitalization of $15.92 billion, a price-to-earnings ratio of 21.16 and a beta of 1.38.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company’s revenue was up 29.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.23 earnings per share. Analysts forecast that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.44%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 72.73%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Barclays lifted 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 report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, Truist Financial lifted their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.40.

Insider Activity at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction on Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the sale, the director now directly owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now directly owns 32,386 shares in the company, valued at approximately $1,824,303.38. The trade was a 6.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

Fidelity National Financial 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.