Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Tredje AP fonden

Tredje AP fonden lessened its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,151 shares of the financial services provider's stock after selling 20,151 shares during the quarter. Tredje AP fonden's holdings in Fidelity National Financial were worth $1,131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in Fidelity National Financial by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider's stock valued at $472,300,000 after purchasing an additional 387,729 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Fidelity National Financial by 1.2% during the fourth quarter. Victory Capital Management Inc. now owns 8,093,184 shares of the financial services provider's stock valued at $454,351,000 after purchasing an additional 98,751 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Fidelity National Financial by 1.6% during the third quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider's stock valued at $276,343,000 after purchasing an additional 69,643 shares in the last quarter. AustralianSuper Pty Ltd lifted its holdings in Fidelity National Financial by 0.9% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,849,429 shares of the financial services provider's stock valued at $103,827,000 after purchasing an additional 15,664 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Fidelity National Financial by 3.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,530,424 shares of the financial services provider's stock valued at $94,978,000 after purchasing an additional 57,316 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

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Insiders Place Their Bets

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction dated Tuesday, December 24th. The shares were 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the sale, the director now owns 16,716 shares of the company's stock, 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 owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and increased their price objective for the company from $76.00 to $77.00 in a report on Friday, January 3rd. StockNews.com downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating on the stock in a report on Wednesday, January 8th. Barclays raised their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Finally, Stephens raised their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $70.40.

Fidelity National Financial Price Performance

Shares of NYSE:FNF traded up $0.02 during midday trading on Wednesday, hitting $64.16. The company's stock had a trading volume of 1,533,191 shares, compared to its average volume of 1,137,302. The business's 50 day simple moving average is $59.40 and its 200 day simple moving average is $59.77. 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 company has a market cap of $17.64 billion, a P/E ratio of 13.80 and a beta of 1.32. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-month high of $65.65.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its earnings results 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. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. On average, analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.12%. 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 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.