Nykredit A S Buys New Shares in Fidelity National Financial, Inc. $FNF

Key Points

• Nykredit A S acquired 39,876 shares of Fidelity National Financial in the second quarter, valued at approximately $1.88 million. Institutional investors collectively own 81.17% of the company.
• Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $56.00, compared with the stock’s reported price of $42.62.
• Fidelity National Financial beat quarterly earnings expectations, reporting $1.39 in EPS and $4.05 billion in revenue, while announcing a quarterly dividend of $0.52 per share, representing a 4.9% yield.

Nykredit A S acquired a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 39,876 shares of the financial services provider's stock, valued at approximately $1,881,000.

Other institutional investors have also recently made changes to their positions in the company. HB Wealth Management LLC grew its holdings in Fidelity National Financial by 26.5% during the 2nd quarter. HB Wealth Management LLC now owns 24,799 shares of the financial services provider's stock valued at $1,170,000 after buying an additional 5,191 shares in the last quarter. Saudi Central Bank lifted its stake in shares of Fidelity National Financial by 89.7% in the 2nd quarter. Saudi Central Bank now owns 18,031 shares of the financial services provider's stock valued at $850,000 after purchasing an additional 8,524 shares during the last quarter. AlphaGrep UK Ltd bought a new stake in shares of Fidelity National Financial in the 2nd quarter valued at approximately $573,000. Markowski Investments purchased a new position in shares of Fidelity National Financial in the 2nd quarter worth approximately $51,000. Finally, Prosperitas Financial LLC purchased a new position in shares of Fidelity National Financial in the 2nd quarter worth approximately $263,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FNF shares. Barclays boosted their target price on Fidelity National Financial from $51.00 to $54.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Stephens restated an "overweight" rating and set a $55.00 price target on shares of Fidelity National Financial in a research note on Monday, August 24th. National Bank Financial set a $54.00 target price on shares of Fidelity National Financial in a research report on Friday, August 7th. Keefe, Bruyette & Woods cut their price target on Fidelity National Financial from $64.00 to $61.00 and set an "outperform" rating on the stock in a report on Monday, August 10th. Finally, Zacks Research raised Fidelity National Financial from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $56.00.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, EVP Peter Sadowski sold 69,196 shares of Fidelity National Financial stock in a transaction on Friday, June 26th. The shares were sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of the transaction, the executive vice president owned 5,702 shares of the company's stock, valued at approximately $260,581.40. The trade was a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.70% of the company's stock.

Fidelity National Financial Trading Up 0.4%

Fidelity National Financial stock opened at $42.62 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 52 week low of $42.05 and a 52 week high of $60.74. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 0.63 and a beta of 0.93. The stock has a 50-day moving average price of $48.04 and a 200 day moving average price of $48.06.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.31 by $0.08. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The business had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $3.79 billion. During the same period in the previous year, the business posted $1.16 EPS. The business's quarterly revenue was up 11.4% compared to the same quarter last year. Sell-side analysts anticipate that Fidelity National Financial, Inc. will post 5.18 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Wednesday, September 16th. Fidelity National Financial's payout ratio is currently 73.50%.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc NYSE: FNF is a provider of title insurance, escrow and settlement services, and other title-related products in the United States. Through its Fidelity National Title Group businesses, the company helps protect property buyers, lenders and other parties against losses arising from defects in real estate titles and supports the closing of residential and commercial property transactions.

FNF's title operations include well-known brands such as Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.

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