Skandinaviska Enskilda Banken AB publ Trims Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Key Points

• Skandinaviska Enskilda Banken AB publ reduced its stake in Fidelity National Financial by 56.6% during the first quarter, now holding 53,433 shares valued at approximately $3.48 million.
• Fidelity National Financial's stock has a consensus rating of "Moderate Buy" with an average price target of $71.20, with recent analyst upgrades from Keefe, Bruyette & Woods.
• The company reported a net margin of 8.43% and earnings per share of $0.78 for the last quarter, which fell short of analysts' expectations by $0.35.

Skandinaviska Enskilda Banken AB publ decreased its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 56.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 53,433 shares of the financial services provider's stock after selling 69,600 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Fidelity National Financial were worth $3,477,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Trilogy Capital Inc. bought a new position in shares of Fidelity National Financial in the first quarter worth approximately $413,000. Cetera Investment Advisers grew its holdings in shares of Fidelity National Financial by 26.1% in the first quarter. Cetera Investment Advisers now owns 62,872 shares of the financial services provider's stock worth $4,092,000 after purchasing an additional 13,006 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in Fidelity National Financial by 1.3% in the first quarter. Avantax Advisory Services Inc. now owns 38,979 shares of the financial services provider's stock valued at $2,537,000 after acquiring an additional 485 shares in the last quarter. Gilbert & Cook Inc. boosted its holdings in Fidelity National Financial by 3.0% in the first quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider's stock valued at $378,000 after acquiring an additional 168 shares in the last quarter. Finally, Journey Strategic Wealth LLC boosted its holdings in Fidelity National Financial by 1.2% in the first quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider's stock valued at $943,000 after acquiring an additional 175 shares in the last quarter. Institutional investors own 81.17% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on FNF. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target on the stock in a report on Tuesday, April 8th. Barclays dropped their target price on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $71.20.

Fidelity National Financial Stock Up 0.1%

Shares of FNF traded up $0.04 during trading hours on Tuesday, hitting $57.06. The company had a trading volume of 943,263 shares, compared to its average volume of 2,660,841. The firm has a fifty day moving average price of $55.07 and a 200-day moving average price of $58.79. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market capitalization of $15.67 billion, a price-to-earnings ratio of 14.12 and a beta of 1.02. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $1.13 by ($0.35). Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $3.32 billion. During the same period last year, the firm posted $0.91 EPS. Fidelity National Financial's quarterly revenue was down 17.3% compared to the same quarter last year. On average, equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Monday, June 16th. Fidelity National Financial's dividend payout ratio (DPR) is 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.