AustralianSuper Pty Ltd Has $17.26 Million Stock Holdings in Fidelity National Financial, Inc. $FNF

AustralianSuper Pty Ltd lowered its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 65.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,349 shares of the financial services provider’s stock after selling 536,447 shares during the period. AustralianSuper Pty Ltd owned 0.11% of Fidelity National Financial worth $17,261,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Fidelity National Financial by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 27,755,047 shares of the financial services provider’s stock valued at $1,555,948,000 after acquiring an additional 580,133 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Fidelity National Financial by 2.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 9,235,289 shares of the financial services provider’s stock valued at $517,730,000 after purchasing an additional 234,288 shares in the last quarter. Cooke & Bieler LP grew its holdings in shares of Fidelity National Financial by 12.3% during the third quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock worth $318,081,000 after purchasing an additional 574,189 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Fidelity National Financial by 0.8% in the second quarter. Geode Capital Management LLC now owns 4,795,238 shares of the financial services provider’s stock valued at $268,026,000 after buying an additional 37,473 shares during the period. Finally, Norges Bank bought a new position in Fidelity National Financial in the 2nd quarter valued at approximately $189,685,000. Institutional investors own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

FNF has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Financial from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Weiss Ratings downgraded Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. National Bank Financial set a $71.00 target price on Fidelity National Financial in a research report on Monday, February 23rd. Wall Street Zen lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Barclays lowered their price objective on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 6th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Fidelity National Financial presently has an average rating of “Moderate Buy” and a consensus price target of $68.33.

Fidelity National Financial Trading Down 1.9%

Shares of FNF stock opened at $50.66 on Wednesday. Fidelity National Financial, Inc. has a fifty-two week low of $50.00 and a fifty-two week high of $66.72. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a 50 day simple moving average of $54.44 and a two-hundred day simple moving average of $56.77. The company has a market cap of $13.74 billion, a P/E ratio of 23.84, a PEG ratio of 0.66 and a beta of 0.99.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Thursday, February 19th. The financial services provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.10). Fidelity National Financial had a return on equity of 15.06% and a net margin of 4.17%.The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same period last year, the business earned $1.34 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 17th. Fidelity National Financial’s payout ratio is 97.65%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 6,000 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $55.90, for a total transaction of $335,400.00. Following the transaction, the director owned 13,186 shares of the company’s stock, valued at $737,097.40. This represents a 31.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.50% of the company’s stock.

About Fidelity National Financial

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.