SEB Asset Management AB Invests $13.36 Million in Fidelity National Financial, Inc. $FNF

SEB Asset Management AB acquired a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 288,030 shares of the financial services provider’s stock, valued at approximately $13,359,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FNF. Windacre Partnership LLC boosted its holdings in Fidelity National Financial by 31.0% in the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock worth $1,143,569,000 after purchasing an additional 4,477,900 shares during the last quarter. Norges Bank purchased a new stake in Fidelity National Financial during the 4th quarter valued at $181,017,000. AQR Capital Management LLC lifted its holdings in shares of Fidelity National Financial by 75.4% during the 3rd quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock valued at $304,503,000 after buying an additional 2,174,220 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Fidelity National Financial by 368.3% in the 2nd quarter. Alliancebernstein L.P. now owns 1,770,685 shares of the financial services provider’s stock worth $99,265,000 after buying an additional 1,392,560 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in shares of Fidelity National Financial in the 4th quarter worth $36,362,000. Institutional investors own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. National Bank Financial set a $51.00 price objective on Fidelity National Financial in a research report on Tuesday, July 7th. Stephens dropped their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods cut their price target on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, June 25th. Barclays upped their price target on shares of Fidelity National Financial from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating, two have given 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 $56.00.

Insider Activity

In related news, EVP Peter T. Sadowski sold 69,196 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of the sale, the executive vice president directly owned 5,702 shares of the company’s stock, valued at approximately $260,581.40. This represents a 92.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.70% of the company’s stock.

Fidelity National Financial Trading Down 2.0%

NYSE:FNF opened at $50.84 on Tuesday. Fidelity National Financial, Inc. has a one year low of $42.78 and a one year high of $61.40. The business has a fifty day moving average price of $48.15 and a 200-day moving average price of $50.17. The firm has a market capitalization of $13.68 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 0.77 and a beta of 0.96. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The company had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter last year, the firm posted $0.78 earnings per share. Fidelity National Financial’s revenue for the quarter was up 18.2% on a year-over-year basis. Sell-side analysts forecast that Fidelity National Financial, Inc. will post 5.19 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed 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. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, June 16th. Fidelity National Financial’s payout ratio is presently 75.91%.

Fidelity National Financial Company Profile

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.