Fidelity National Financial, Inc. $FNF Shares Acquired by Swedbank AB

Swedbank AB lifted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 40.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,338 shares of the financial services provider's stock after purchasing an additional 16,963 shares during the period. Swedbank AB's holdings in Fidelity National Financial were worth $3,326,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Nuveen LLC acquired a new stake in Fidelity National Financial in the first quarter worth $178,433,000. Millennium Management LLC boosted its holdings in Fidelity National Financial by 93.3% in the first quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider's stock worth $244,967,000 after purchasing an additional 1,817,124 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Fidelity National Financial by 70.6% during the first quarter. AQR Capital Management LLC now owns 1,992,047 shares of the financial services provider's stock valued at $129,264,000 after acquiring an additional 824,562 shares during the period. GAMMA Investing LLC lifted its position in shares of Fidelity National Financial by 8,302.5% in the 1st quarter. GAMMA Investing LLC now owns 626,655 shares of the financial services provider's stock worth $40,783,000 after acquiring an additional 619,197 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Fidelity National Financial by 7.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider's stock worth $585,785,000 after buying an additional 588,113 shares during the period. Institutional investors and hedge funds own 81.17% of the company's stock.

Wall Street Analyst Weigh In

Separately, Barclays dropped their target price on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $71.20.

Fidelity National Financial Stock Performance

Shares of NYSE FNF opened at $58.62 on Monday. The stock has a 50 day moving average of $58.33 and a 200-day moving average of $58.88. The company has a market capitalization of $15.93 billion, a P/E ratio of 14.88 and a beta of 1.05. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.40 by ($0.24). The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The business's revenue was up 15.1% on a year-over-year basis. During the same period last year, the company posted $1.24 EPS. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. Fidelity National Financial's dividend payout ratio (DPR) is 50.76%.

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.

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