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

Key Points

• Swedbank AB increased its stake in Fidelity National Financial by 40% in Q2, owning 59,338 shares valued at approximately $3.3 million.
• Fidelity National Financial's quarterly earnings report indicated $1.16 EPS, falling below consensus estimates of $1.40, though revenue matched expectations at $3.64 billion.
• The company announced a quarterly dividend of $0.50, with an annualized yield of 3.4%, set to be paid on September 30th.

Swedbank AB raised its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 40.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,338 shares of the financial services provider's stock after acquiring an additional 16,963 shares during the period. Swedbank AB's holdings in Fidelity National Financial were worth $3,326,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. raised its stake in Fidelity National Financial by 3.0% during the first quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider's stock worth $378,000 after acquiring an additional 168 shares in the last quarter. Journey Strategic Wealth LLC raised its stake in Fidelity National Financial by 1.2% during the first quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider's stock worth $943,000 after acquiring an additional 175 shares in the last quarter. Commerce Bank lifted its stake in Fidelity National Financial by 3.1% in the 1st quarter. Commerce Bank now owns 5,977 shares of the financial services provider's stock valued at $389,000 after purchasing an additional 177 shares during the last quarter. Peddock Capital Advisors LLC lifted its stake in Fidelity National Financial by 3.2% in the 1st quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider's stock valued at $369,000 after purchasing an additional 178 shares during the last quarter. Finally, Kaizen Financial Strategies lifted its stake in Fidelity National Financial by 4.8% in the 1st quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider's stock valued at $269,000 after purchasing an additional 188 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barclays decreased their price target on shares of 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 research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.20.

Fidelity National Financial Stock Up 0.4%

NYSE FNF traded up $0.23 during mid-day trading on Monday, reaching $58.92. The stock had a trading volume of 1,211,284 shares, compared to its average volume of 1,200,894. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The stock has a market cap of $16.01 billion, a PE ratio of 14.95 and a beta of 1.05. The company has a fifty day moving average price of $58.45 and a 200 day moving average price of $58.85. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.24). The business had revenue of $3.64 billion during 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%.Fidelity National Financial's revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the company earned $1.24 EPS. On average, research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 16th. Fidelity National Financial's payout ratio is presently 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.