Fidelity National Financial, Inc. (NYSE:FNF) Stake Cut by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 42.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 537 shares of the financial services provider’s stock after selling 400 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Fidelity National Financial were worth $30,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its position in shares of Fidelity National Financial by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock valued at $498,041,000 after buying an additional 289,962 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Fidelity National Financial during the third quarter valued at approximately $11,469,000. CWA Asset Management Group LLC acquired a new stake in shares of Fidelity National Financial during the 3rd quarter worth approximately $11,100,000. Strategic Financial Concepts LLC bought a new stake in shares of Fidelity National Financial in the 4th quarter worth approximately $7,760,000. Finally, Prana Capital Management LP boosted its position in Fidelity National Financial by 1,104.7% during the 3rd quarter. Prana Capital Management LP now owns 124,715 shares of the financial services provider’s stock valued at $7,740,000 after purchasing an additional 114,363 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction on Friday, January 10th. The stock was 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 directly owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction on Tuesday, December 24th. The stock was 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 directly owns 32,386 shares in the company, valued at $1,824,303.38. This represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Fidelity National Financial Price Performance

Shares of FNF opened at $58.04 on Friday. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $64.83. The stock’s fifty day moving average is $58.05 and its 200-day moving average is $58.73. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market capitalization of $15.88 billion, a price-to-earnings ratio of 21.11 and a beta of 1.39.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). The company 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 firm’s quarterly revenue was up 29.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 EPS. Equities analysts anticipate that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Analysts Set New Price Targets

FNF has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price objective for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Finally, Truist Financial boosted their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.40.

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.