Forsta AP Fonden Reduces Position in Fidelity National Financial, Inc. $FNF

Forsta AP Fonden trimmed its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 44.6% during the fourth quarter, Holdings Channel reports. The fund owned 90,500 shares of the financial services provider’s stock after selling 73,000 shares during the quarter. Forsta AP Fonden’s holdings in Fidelity National Financial were worth $4,940,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Crossmark Global Holdings Inc. increased its position in shares of Fidelity National Financial by 1.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 17,542 shares of the financial services provider’s stock worth $958,000 after acquiring an additional 192 shares during the last quarter. Fiduciary Trust Co increased its position in shares of Fidelity National Financial by 2.0% during the third quarter. Fiduciary Trust Co now owns 11,813 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 228 shares during the last quarter. Centennial Wealth Advisory LLC increased its position in shares of Fidelity National Financial by 5.3% during the fourth quarter. Centennial Wealth Advisory LLC now owns 4,822 shares of the financial services provider’s stock worth $263,000 after acquiring an additional 243 shares during the last quarter. 44 Wealth Management LLC increased its position in shares of Fidelity National Financial by 1.7% during the fourth quarter. 44 Wealth Management LLC now owns 15,090 shares of the financial services provider’s stock worth $824,000 after acquiring an additional 255 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Fidelity National Financial by 7.9% during the second quarter. Geneos Wealth Management Inc. now owns 3,781 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 277 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on FNF shares. Barclays dropped their target price on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. National Bank Financial set a $50.00 target price on Fidelity National Financial in a research report on Monday, May 11th. Stephens dropped their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Weiss Ratings lowered Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Finally, Keefe, Bruyette & Woods lowered their price objective on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Hold” and an average price target of $56.25.

Fidelity National Financial Stock Performance

Shares of NYSE FNF opened at $46.49 on Tuesday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. The stock has a 50 day simple moving average of $48.29 and a 200-day simple moving average of $52.44. The company has a market cap of $12.51 billion, a PE ratio of 16.99, a P/E/G ratio of 0.69 and a beta of 1.00. Fidelity National Financial, Inc. has a 12-month low of $42.78 and a 12-month high of $61.40.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.16). The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share. On average, equities research analysts forecast that Fidelity National Financial, Inc. will post 5.3 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.52 per share. The ex-dividend date is Tuesday, June 16th. This represents a $2.08 annualized dividend and a dividend yield of 4.5%. Fidelity National Financial’s payout ratio is currently 75.91%.

Fidelity National Financial Company Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.