Swedbank AB Boosts Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Swedbank AB raised its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 25.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,375 shares of the financial services provider’s stock after acquiring 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 Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in FNF. TPG GP A LLC purchased a new position in Fidelity National Financial during the 2nd quarter valued at about $83,798,000. Victory Capital Management Inc. grew its holdings in shares of Fidelity National Financial by 8.5% during the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock worth $404,332,000 after buying an additional 640,829 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 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. Cooke & Bieler LP grew its holdings in shares of Fidelity National Financial by 3.2% during the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock worth $293,436,000 after buying an additional 184,078 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new stake in shares of Fidelity National Financial during the third quarter worth about $11,100,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the transaction, the director now directly owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The trade was a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $63.51 on Thursday. The company has a market cap of $17.38 billion, a price-to-earnings ratio of 23.09 and a beta of 1.37. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $64.83. The firm has a 50 day moving average price of $60.82 and a 200 day moving average price of $56.00.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The business had revenue of $3.60 billion for 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 quarterly revenue was up 29.7% on a year-over-year basis. During the same period last year, the firm earned $1.23 earnings per share. Sell-side analysts predict that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.15%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial’s payout ratio is 72.73%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FNF. Truist Financial lifted their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. Stephens restated an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Finally, Barclays boosted 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 report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $63.60.

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.