Handelsbanken Fonder AB Decreases Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Handelsbanken Fonder AB decreased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 62.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,288 shares of the financial services provider's stock after selling 47,206 shares during the period. Handelsbanken Fonder AB's holdings in Fidelity National Financial were worth $1,443,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FNF. Teachers Retirement System of The State of Kentucky purchased a new position in Fidelity National Financial during the 3rd quarter worth $2,778,000. Lecap Asset Management Ltd. acquired a new stake in Fidelity National Financial in the 4th quarter worth approximately $1,335,000. CENTRAL TRUST Co boosted its stake in Fidelity National Financial by 30.0% in the 4th quarter. CENTRAL TRUST Co now owns 2,230 shares of the financial services provider's stock worth $114,000 after purchasing an additional 515 shares in the last quarter. AustralianSuper Pty Ltd grew its position in Fidelity National Financial by 14.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,570,956 shares of the financial services provider's stock worth $80,150,000 after purchasing an additional 193,050 shares during the last quarter. Finally, FMR LLC increased its stake in Fidelity National Financial by 5.0% during the 3rd quarter. FMR LLC now owns 513,836 shares of the financial services provider's stock valued at $21,221,000 after purchasing an additional 24,469 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

Shares of NYSE FNF traded up $0.51 during midday trading on Friday, reaching $50.39. 1,446,773 shares of the stock were exchanged, compared to its average volume of 1,424,283. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.52. The firm has a market cap of $13.77 billion, a price-to-earnings ratio of 26.38 and a beta of 1.34. The firm has a 50-day simple moving average of $50.66 and a two-hundred day simple moving average of $47.93. Fidelity National Financial, Inc. has a twelve month low of $32.02 and a twelve month high of $53.96.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.27). The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $2.80 billion. Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. During the same quarter in the prior year, the business posted $1.06 EPS. As a group, analysts anticipate that Fidelity National Financial, Inc. will post 4.81 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.48 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.92 annualized dividend and a dividend yield of 3.81%. Fidelity National Financial's dividend payout ratio is presently 100.52%.

Analyst Ratings Changes

A number of analysts have commented on the company. Barclays lifted their price target on Fidelity National Financial from $52.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 9th. Truist Financial raised their price target on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Fidelity National Financial in a report on Wednesday, January 10th. They issued a "hold" rating on the stock. Finally, Keefe, Bruyette & Woods raised their target price on shares of Fidelity National Financial from $54.00 to $56.00 and gave the stock a "market perform" rating in a report on Thursday, March 21st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $54.20.

Insider Buying and Selling

In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $51.11, for a total value of $1,196,485.10. Following the sale, the director now directly owns 40,317 shares of the company's stock, valued at $2,060,601.87. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.40% of the stock is currently owned by insiders.

Fidelity National Financial Profile

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.