Fidelity National Financial, Inc. $FNF Holdings Increased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 2.5% in the third quarter, Holdings Channel reports. The fund owned 534,663 shares of the financial services provider’s stock after purchasing an additional 13,139 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Fidelity National Financial were worth $20,665,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Fidelity National Financial during the third quarter valued at approximately $9,456,000. Vise Technologies Inc. lifted its stake in shares of Fidelity National Financial by 20.9% in the 3rd quarter. Vise Technologies Inc. now owns 13,307 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 2,304 shares during the last quarter. Prosperitas Financial LLC lifted its stake in shares of Fidelity National Financial by 7.4% in the 3rd quarter. Prosperitas Financial LLC now owns 5,980 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 410 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Fidelity National Financial by 16.4% in the 3rd quarter. D.A. Davidson & CO. now owns 66,284 shares of the financial services provider’s stock valued at $2,562,000 after purchasing an additional 9,322 shares during the last quarter. Finally, Lynx Investment Advisory boosted its holdings in shares of Fidelity National Financial by 94.6% in the 3rd quarter. Lynx Investment Advisory now owns 16,536 shares of the financial services provider’s stock worth $639,000 after purchasing an additional 8,038 shares during the period. Institutional investors own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FNF shares. Barclays cut their target price on Fidelity National Financial from $54.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Monday, October 5th. Weiss Ratings restated a “hold (c)” rating on shares of Fidelity National Financial in a report on Tuesday, September 8th. Truist Financial lowered their price target on Fidelity National Financial from $70.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, October 15th. Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, October 23rd. Finally, Stephens dropped their price objective on shares of Fidelity National Financial from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, October 21st. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $54.20.

Fidelity National Financial Price Performance

FNF stock opened at $43.00 on Friday. The stock has a market cap of $11.53 billion, a PE ratio of 8.16 and a beta of 0.93. Fidelity National Financial, Inc. has a 12 month low of $37.88 and a 12 month high of $60.37. The company has a 50-day moving average price of $41.88 and a 200 day moving average price of $47.81. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.32. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period in the prior year, the company posted $1.63 EPS. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 5.07 earnings per share for the current year.

Fidelity National Financial Profile

Fidelity National Financial, Inc (NYSE:FNF) is a provider of title insurance and transaction services in the United States. Through its title insurance businesses, the company protects property buyers, lenders and other parties against certain risks associated with real estate ownership and transfers. Its services include title searches, title examinations, escrow and closing services, and related technology and transaction-support solutions.

FNF operates through a group of title insurance brands, including Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.