Tredje AP fonden Has $1.13 Million Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Tredje AP fonden trimmed its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 50.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,151 shares of the financial services provider’s stock after selling 20,151 shares during the quarter. Tredje AP fonden’s holdings in Fidelity National Financial were worth $1,131,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FNF. Covestor Ltd boosted its stake in shares of Fidelity National Financial by 73.1% during the third quarter. Covestor Ltd now owns 812 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 343 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Fidelity National Financial by 4.3% during the third quarter. Crossmark Global Holdings Inc. now owns 17,044 shares of the financial services provider’s stock valued at $1,058,000 after purchasing an additional 710 shares in the last quarter. Empower Advisory Group LLC acquired a new stake in shares of Fidelity National Financial during the third quarter valued at about $335,000. Metis Global Partners LLC acquired a new stake in shares of Fidelity National Financial during the third quarter valued at about $205,000. Finally, CIBC Asset Management Inc boosted its stake in shares of Fidelity National Financial by 3.2% during the third quarter. CIBC Asset Management Inc now owns 16,022 shares of the financial services provider’s stock valued at $994,000 after purchasing an additional 499 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods lowered their price objective on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Stephens raised their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Barclays raised their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price objective for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.40.

Fidelity National Financial Trading Up 2.6 %

Shares of FNF stock opened at $64.83 on Friday. The company has a market cap of $17.83 billion, a P/E ratio of 13.94 and a beta of 1.32. The stock has a 50 day simple moving average of $59.07 and a two-hundred day simple moving average of $59.67. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $65.65.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same period in the previous year, the company posted $0.75 earnings per share. Research analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.50 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.09%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 43.01%.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the sale, the director now owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the sale, the director now directly owns 16,716 shares of the company’s stock, valued at $916,872.60. This trade represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

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.