Handelsbanken Fonder AB Has $1.84 Million Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Handelsbanken Fonder AB raised its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 58.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,739 shares of the financial services provider’s stock after purchasing an additional 12,135 shares during the quarter. Handelsbanken Fonder AB’s holdings in Fidelity National Financial were worth $1,838,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Commerce Bank raised its stake in shares of Fidelity National Financial by 3.5% in the third quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock valued at $372,000 after acquiring an additional 200 shares during the last quarter. Chesley Taft & Associates LLC raised its stake in shares of Fidelity National Financial by 1.2% in the fourth quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider’s stock valued at $937,000 after acquiring an additional 200 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Fidelity National Financial by 0.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider’s stock worth $4,053,000 after purchasing an additional 200 shares during the last quarter. Essex Financial Services Inc. raised its position in Fidelity National Financial by 5.3% in the 4th quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 211 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in Fidelity National Financial by 32.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 216 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

Shares of FNF opened at $60.95 on Wednesday. The company has a 50 day moving average of $57.31 and a 200-day moving average of $59.15. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $16.68 billion, a P/E ratio of 13.11 and a beta of 1.39. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same period in the prior year, the business posted $0.75 EPS. As a group, equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 43.01%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. StockNews.com upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Stephens upped their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday. Barclays upped their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Truist Financial boosted their price target 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and an average target price of $70.40.

Insider Activity at Fidelity National Financial

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