Swedbank AB Grows Position in Fidelity National Financial, Inc. (NYSE:FNF)

Swedbank AB boosted its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 25.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,375 shares of the financial services provider's stock after buying an additional 8,511 shares during the quarter. Swedbank AB's holdings in Fidelity National Financial were worth $2,630,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Fidelity National Financial during the third quarter valued at about $32,000. Opal Wealth Advisors LLC bought a new position in shares of Fidelity National Financial during the 2nd quarter worth approximately $26,000. New Covenant Trust Company N.A. purchased a new position in shares of Fidelity National Financial in the 1st quarter worth approximately $30,000. UMB Bank n.a. grew its holdings in shares of Fidelity National Financial by 280.6% in the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 505 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Fidelity National Financial during the second quarter valued at approximately $35,000. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Price Performance

Shares of FNF traded up $0.19 during mid-day trading on Thursday, reaching $63.51. 555,779 shares of the stock traded hands, compared to its average volume of 1,204,298. The company has a market cap of $17.38 billion, a price-to-earnings ratio of 23.09 and a beta of 1.37. Fidelity National Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $64.83. The firm has a fifty day moving average price of $60.82 and a 200 day moving average price of $56.00. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.41 by ($0.11). The company had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. Fidelity National Financial's quarterly revenue was up 29.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 EPS. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.50 per share. This is a boost from Fidelity National Financial's previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial's dividend payout ratio (DPR) is presently 72.73%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the company's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares of the company's stock, valued at approximately $803,585.10. This represents a 11.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.20% of the company's stock.

Analyst Ratings Changes

FNF has been the subject of several research reports. Barclays increased their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a "hold" rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods increased their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the company a "market perform" rating in a report on Wednesday, September 4th. Stephens restated an "overweight" rating and issued a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday, August 15th. Finally, Truist Financial increased their price target on Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Financial has an average rating of "Hold" and an average price target of $63.60.

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.