Fjarde AP Fonden Fourth Swedish National Pension Fund Has $5.15 Million Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in Fidelity National Financial, Inc. (NYSE:FNF) by 17.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,778 shares of the financial services provider’s stock after selling 19,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Fidelity National Financial were worth $5,152,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Fidelity National Financial in the 3rd quarter valued at approximately $32,000. Brooklyn Investment Group bought a new position in Fidelity National Financial in the third quarter valued at approximately $35,000. Kestra Investment Management LLC bought a new position in Fidelity National Financial in the fourth quarter valued at approximately $37,000. True Wealth Design LLC bought a new position in Fidelity National Financial in the third quarter valued at approximately $41,000. Finally, Larson Financial Group LLC lifted its stake in Fidelity National Financial by 141.1% in the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after buying an additional 402 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Fidelity National Financial Price Performance

Shares of FNF opened at $60.95 on Wednesday. The company has a market cap of $16.68 billion, a price-to-earnings ratio of 13.11 and a beta of 1.39. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $64.83. The company’s fifty day simple moving average is $57.31 and its 200 day simple moving average is $59.15. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the previous year, the company earned $0.75 earnings per share. On average, research analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.28%. Fidelity National Financial’s payout ratio is presently 43.01%.

Wall Street Analysts Forecast Growth

FNF has been the topic of a number of research reports. Stephens lifted their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Keefe, Bruyette & Woods cut 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. StockNews.com raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Truist Financial lifted their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $70.40.

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.