Handelsbanken Fonder AB Has $1.28 Million Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Handelsbanken Fonder AB decreased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 15.1% in the 3rd quarter, Holdings Channel reports. The firm owned 20,604 shares of the financial services provider’s stock after selling 3,673 shares during the quarter. Handelsbanken Fonder AB’s holdings in Fidelity National Financial were worth $1,279,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Confluence Investment Management LLC bought a new position in Fidelity National Financial during the first quarter worth $135,347,000. TPG GP A LLC acquired a new stake in Fidelity National Financial during the 2nd quarter worth about $83,798,000. Windacre Partnership LLC raised its position in shares of Fidelity National Financial by 9.6% in the 1st quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock worth $862,836,000 after acquiring an additional 1,424,767 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Fidelity National Financial by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock valued at $1,427,102,000 after purchasing an additional 728,768 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Fidelity National Financial by 8.5% during the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after purchasing an additional 640,829 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $60.45 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. The firm has a fifty day simple moving average of $58.61 and a two-hundred day simple moving average of $53.57. Fidelity National Financial, Inc. has a 12 month low of $37.10 and a 12 month high of $62.11. The firm has a market capitalization of $16.53 billion, a PE ratio of 18.04 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the business earned $1.01 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Analysts forecast that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Monday, September 16th. Fidelity National Financial’s dividend payout ratio is currently 57.31%.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the transaction, the director now owns 13,206 shares of the company’s stock, valued at $803,585.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FNF. Stephens reiterated an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Truist Financial increased their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Barclays lifted 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 note on Tuesday. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.40.

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.