KLP Kapitalforvaltning AS Increases Stock Holdings in Fidelity National Financial, Inc. $FNF

KLP Kapitalforvaltning AS grew its position in Fidelity National Financial, Inc. (NYSE:FNF) by 1.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 96,519 shares of the financial services provider’s stock after purchasing an additional 1,700 shares during the period. KLP Kapitalforvaltning AS’s holdings in Fidelity National Financial were worth $5,411,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. increased its position in shares of Fidelity National Financial by 5.8% in the first quarter. Oppenheimer & Co. Inc. now owns 23,189 shares of the financial services provider’s stock valued at $1,509,000 after buying an additional 1,267 shares in the last quarter. Private Trust Co. NA increased its position in shares of Fidelity National Financial by 38.7% in the first quarter. Private Trust Co. NA now owns 738 shares of the financial services provider’s stock valued at $48,000 after buying an additional 206 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Fidelity National Financial by 4.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 85,118 shares of the financial services provider’s stock valued at $5,540,000 after buying an additional 3,510 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Fidelity National Financial by 3.0% in the first quarter. Asset Management One Co. Ltd. now owns 97,207 shares of the financial services provider’s stock valued at $6,326,000 after buying an additional 2,807 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Fidelity National Financial by 19.2% in the first quarter. Fifth Third Bancorp now owns 3,794 shares of the financial services provider’s stock valued at $247,000 after buying an additional 610 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Down 0.9%

Shares of NYSE:FNF opened at $54.91 on Friday. The stock’s 50-day moving average price is $59.29 and its two-hundred day moving average price is $58.43. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12-month low of $50.61 and a 12-month high of $66.72. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of 13.94 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The firm had revenue of $3.17 billion for the quarter. On average, research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 50.76%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on FNF shares. Weiss Ratings restated a “buy (b)” rating on shares of Fidelity National Financial in a research report on Wednesday. Barclays reiterated a “cautious” rating on shares of Fidelity National Financial in a research report on Monday. Finally, National Bankshares set a $64.00 price objective on Fidelity National Financial in a research report on Monday. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.83.

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.