Lansforsakringar Fondforvaltning AB publ Makes New Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Lansforsakringar Fondforvaltning AB publ acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 4,916 shares of the financial services provider's stock, valued at approximately $276,000.

Other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in Fidelity National Financial by 19.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock worth $75,000 after acquiring an additional 223 shares in the last quarter. Barclays PLC grew its position in Fidelity National Financial by 4.4% in the third quarter. Barclays PLC now owns 216,755 shares of the financial services provider's stock worth $13,451,000 after acquiring an additional 9,146 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Fidelity National Financial by 62.2% during the 4th quarter. Empowered Funds LLC now owns 68,338 shares of the financial services provider's stock worth $3,836,000 after buying an additional 26,211 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Fidelity National Financial by 5.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 18,736 shares of the financial services provider's stock worth $1,052,000 after buying an additional 970 shares during the period. Finally, Nicolet Advisory Services LLC boosted its holdings in shares of Fidelity National Financial by 20.1% during the 4th quarter. Nicolet Advisory Services LLC now owns 4,290 shares of the financial services provider's stock worth $233,000 after buying an additional 717 shares during the period. 81.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on FNF shares. Wall Street Zen downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective for the company in a report on Tuesday, April 8th. Stephens upped their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Finally, Barclays increased their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $71.60.

Fidelity National Financial Price Performance

Shares of FNF stock traded up $0.33 during trading hours on Friday, hitting $54.74. The company had a trading volume of 2,470,913 shares, compared to its average volume of 1,162,171. Fidelity National Financial, Inc. has a 12 month low of $47.79 and a 12 month high of $66.72. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 11.77 and a beta of 1.14. The firm's fifty day moving average is $60.33 and its 200 day moving average is $59.92. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the company posted $0.91 EPS. The firm's revenue for the quarter was down 17.3% compared to the same quarter last year. On average, sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Monday, June 16th. Fidelity National Financial's dividend payout ratio is currently 49.50%.

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.