Swiss National Bank Has $44.33 Million Holdings in Fidelity National Financial, Inc. $FNF

Swiss National Bank raised its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 7.9% during the second quarter, HoldingsChannel.com reports. The fund owned 790,700 shares of the financial services provider’s stock after purchasing an additional 57,600 shares during the period. Swiss National Bank’s holdings in Fidelity National Financial were worth $44,327,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FNF. Avior Wealth Management LLC lifted its stake in Fidelity National Financial by 1,569.6% in the 2nd quarter. Avior Wealth Management LLC now owns 21,170 shares of the financial services provider’s stock valued at $1,187,000 after purchasing an additional 19,902 shares during the last quarter. Stephens Inc. AR grew its stake in shares of Fidelity National Financial by 29.3% during the second quarter. Stephens Inc. AR now owns 180,087 shares of the financial services provider’s stock worth $10,096,000 after buying an additional 40,835 shares during the last quarter. OLD National Bancorp IN increased its holdings in shares of Fidelity National Financial by 2.5% during the second quarter. OLD National Bancorp IN now owns 171,145 shares of the financial services provider’s stock worth $9,594,000 after buying an additional 4,204 shares in the last quarter. New York State Teachers Retirement System lifted its stake in shares of Fidelity National Financial by 22.5% in the 2nd quarter. New York State Teachers Retirement System now owns 135,764 shares of the financial services provider’s stock valued at $7,611,000 after acquiring an additional 24,916 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in shares of Fidelity National Financial during the 1st quarter valued at $509,000. Institutional investors own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Stephens assumed coverage on Fidelity National Financial in a research report on Friday, November 14th. They issued an “overweight” rating for the company. Barclays reiterated a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Thursday, November 13th. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Financial from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, November 10th. Finally, National Bankshares set a $64.00 price objective on shares of Fidelity National Financial in a research note on Monday, October 6th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.00.

Fidelity National Financial Stock Down 1.7%

Fidelity National Financial stock opened at $58.02 on Tuesday. The firm has a market cap of $15.73 billion, a price-to-earnings ratio of 14.72 and a beta of 1.05. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a 50 day moving average price of $57.40 and a two-hundred day moving average price of $57.07.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. The company had revenue of $3.17 billion during the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. Equities analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s dividend payout ratio (DPR) is presently 48.37%.

Insider Buying and Selling

In other Fidelity National Financial news, Director Daniel D. Lane sold 6,367 shares of Fidelity National Financial stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $57.63, for a total value of $366,930.21. Following the completion of the sale, the director directly owned 276,308 shares in the company, valued at approximately $15,923,630.04. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.50% of the stock is owned by corporate insiders.

Fidelity National Financial Company 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.