APG Asset Management N.V. Has $9.20 Million Stock Holdings in Fidelity National Financial, Inc. $FNF

APG Asset Management N.V. reduced its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 13.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 152,100 shares of the financial services provider’s stock after selling 24,300 shares during the quarter. APG Asset Management N.V. owned about 0.06% of Fidelity National Financial worth $9,201,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Fidelity National Financial in the 2nd quarter valued at $189,685,000. First Trust Advisors LP boosted its position in Fidelity National Financial by 252.4% during the second quarter. First Trust Advisors LP now owns 3,379,555 shares of the financial services provider’s stock valued at $189,458,000 after acquiring an additional 2,420,421 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Fidelity National Financial by 368.3% during the 2nd quarter. Alliancebernstein L.P. now owns 1,770,685 shares of the financial services provider’s stock worth $99,265,000 after acquiring an additional 1,392,560 shares during the period. AQR Capital Management LLC raised its position in shares of Fidelity National Financial by 44.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,883,135 shares of the financial services provider’s stock worth $161,629,000 after acquiring an additional 891,088 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Fidelity National Financial by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 27,755,047 shares of the financial services provider’s stock worth $1,555,948,000 after acquiring an additional 580,133 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 6,000 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $55.90, for a total transaction of $335,400.00. Following the completion of the sale, the director owned 13,186 shares in the company, valued at approximately $737,097.40. This represents a 31.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 5.50% of the company’s stock.

Fidelity National Financial Trading Down 1.9%

NYSE:FNF opened at $50.66 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a one year low of $50.00 and a one year high of $66.72. The company has a market cap of $13.74 billion, a PE ratio of 23.84, a PEG ratio of 0.66 and a beta of 0.99. The firm has a 50-day moving average of $54.44 and a 200-day moving average of $56.77.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Thursday, February 19th. The financial services provider reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.10). The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.66 billion. Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. Fidelity National Financial’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.34 EPS. As a group, equities research analysts expect 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 will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.08 annualized dividend and a dividend yield of 4.1%. Fidelity National Financial’s payout ratio is presently 97.65%.

Analysts Set New Price Targets

Several research firms recently commented on FNF. Stephens initiated coverage on Fidelity National Financial in a research note on Friday, November 14th. They set an “overweight” rating for the company. Wall Street Zen lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Weiss Ratings downgraded shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Barclays reduced their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a report on Tuesday, January 6th. Finally, National Bank Financial set a $71.00 price objective on shares of Fidelity National Financial in a report on Monday, February 23rd. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $68.33.

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.