Fidelity National Financial, Inc. $FNF Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 10.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 681,697 shares of the financial services provider’s stock after purchasing an additional 64,413 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Fidelity National Financial worth $38,216,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Private Trust Co. NA boosted its position in Fidelity National Financial by 38.7% during the 1st quarter. Private Trust Co. NA now owns 738 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 206 shares during the period. Stephens Inc. AR boosted its position in Fidelity National Financial by 29.3% during the 2nd quarter. Stephens Inc. AR now owns 180,087 shares of the financial services provider’s stock worth $10,096,000 after acquiring an additional 40,835 shares during the period. Cerity Partners LLC boosted its position in Fidelity National Financial by 39.0% during the 1st quarter. Cerity Partners LLC now owns 51,647 shares of the financial services provider’s stock worth $3,361,000 after acquiring an additional 14,485 shares during the period. OLD National Bancorp IN boosted its position in Fidelity National Financial by 2.5% during the 2nd quarter. OLD National Bancorp IN now owns 171,145 shares of the financial services provider’s stock worth $9,594,000 after acquiring an additional 4,204 shares during the period. Finally, Focus Partners Advisor Solutions LLC acquired a new position in Fidelity National Financial during the 1st quarter worth $509,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FNF shares. Barclays reiterated a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. National Bankshares set a $64.00 price target on Fidelity National Financial in a research report on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Fidelity National Financial in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $69.83.

Fidelity National Financial Stock Down 2.1%

FNF opened at $55.79 on Wednesday. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. The stock’s fifty day moving average is $58.60 and its 200-day moving average is $57.85. The company has a market capitalization of $15.16 billion, a PE ratio of 14.16 and a beta of 1.05.

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

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. Fidelity National Financial’s payout ratio is 50.76%.

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.