Sumitomo Mitsui Trust Group Inc. Has $37.86 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 8.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 674,446 shares of the financial services provider's stock after acquiring an additional 54,223 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.25% of Fidelity National Financial worth $37,863,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fidelity National Financial by 3.7% in the third 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 purchasing an additional 289,962 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Fidelity National Financial in the third quarter valued at $11,469,000. CWA Asset Management Group LLC purchased a new stake in shares of Fidelity National Financial in the third quarter valued at $11,100,000. Strategic Financial Concepts LLC purchased a new stake in shares of Fidelity National Financial in the fourth quarter valued at $7,760,000. Finally, Prana Capital Management LP lifted its holdings in shares of Fidelity National Financial by 1,104.7% in the third 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 in the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FNF shares. Keefe, Bruyette & Woods reduced their target price on Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating for the company in a report on Wednesday, January 8th. Truist Financial upped their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and upped their price target for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Financial currently has an average rating of "Moderate Buy" and an average target price of $66.40.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the 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 transaction, the director now directly owns 16,716 shares of the company's stock, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the firm's stock in a transaction dated Tuesday, December 24th. The shares were 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 approximately $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company's stock.

Fidelity National Financial Stock Up 0.4 %

Shares of NYSE FNF traded up $0.21 during mid-day trading on Friday, reaching $57.91. The company had a trading volume of 852,809 shares, compared to its average volume of 893,070. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83. 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 stock has a market capitalization of $15.85 billion, a PE ratio of 21.06 and a beta of 1.39. The stock's 50 day moving average is $57.53 and its 200-day moving average is $58.86.

About Fidelity National Financial

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.