Fjarde AP Fonden Fourth Swedish National Pension Fund Trims Stake 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 - Free Report) by 17.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,778 shares of the financial services provider's stock after selling 19,900 shares during the quarter. 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 reporting period.

Several other hedge funds have also made changes to their positions in FNF. Capital Performance Advisors LLP purchased a new stake in shares of Fidelity National Financial in the 3rd quarter worth $32,000. Brooklyn Investment Group purchased a new stake in shares of Fidelity National Financial in the 3rd quarter worth $35,000. Kestra Investment Management LLC purchased a new stake in shares of Fidelity National Financial in the 4th quarter worth $37,000. True Wealth Design LLC purchased a new stake in shares of Fidelity National Financial in the 3rd quarter worth $41,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Fidelity National Financial by 141.1% in the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider's stock worth $43,000 after buying an additional 402 shares during the period. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the firm's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares of the company's stock, valued at approximately $916,872.60. The trade was 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.

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Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FNF. Stephens upped their target price on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Barclays raised their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. StockNews.com raised Fidelity National Financial from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. Truist Financial raised their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods dropped their price objective 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.40.

Fidelity National Financial Stock Up 2.8 %

Fidelity National Financial stock traded up $1.73 during midday trading on Friday, reaching $64.51. The company's stock had a trading volume of 1,943,645 shares, compared to its average volume of 1,053,558. The stock's 50-day simple moving average is $57.75 and its 200-day simple moving average is $59.26. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $64.83. The stock has a market capitalization of $17.65 billion, a P/E ratio of 13.87 and a beta of 1.39.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The company had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same period last year, the business posted $0.75 earnings per share. On average, sell-side analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial's dividend payout ratio (DPR) is presently 43.01%.

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.