Avanza Fonder AB Makes New Investment in Fidelity National Financial, Inc. $FNF

Avanza Fonder AB purchased a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 15,313 shares of the financial services provider’s stock, valued at approximately $836,000.

Other hedge funds also recently modified their holdings of the company. Windacre Partnership LLC raised its stake in shares of Fidelity National Financial by 31.0% in the 3rd quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock worth $1,143,569,000 after buying an additional 4,477,900 shares in the last quarter. State Street Corp boosted its stake in Fidelity National Financial by 0.3% during the third quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock valued at $572,782,000 after buying an additional 31,318 shares in the last quarter. Cooke & Bieler LP boosted its stake in 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 valued at $318,081,000 after buying an additional 574,189 shares in the last quarter. AQR Capital Management LLC grew its holdings in Fidelity National Financial by 75.4% during the third quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock worth $304,503,000 after acquiring an additional 2,174,220 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Fidelity National Financial by 167.8% during the third quarter. Alliancebernstein L.P. now owns 4,741,145 shares of the financial services provider’s stock worth $286,792,000 after acquiring an additional 2,970,460 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 6,000 shares of Fidelity National Financial stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $55.90, for a total value of $335,400.00. Following the transaction, the director directly owned 13,186 shares of the company’s stock, valued at $737,097.40. This trade represents a 31.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.50% of the stock is currently owned by company insiders.

Fidelity National Financial Stock Down 0.6%

Shares of Fidelity National Financial stock opened at $44.21 on Wednesday. Fidelity National Financial, Inc. has a 12-month low of $42.78 and a 12-month high of $66.72. The firm has a market capitalization of $11.99 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 0.56 and a beta of 0.99. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.49. The stock’s fifty day moving average is $52.23 and its 200-day moving average is $55.45.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, February 19th. The financial services provider reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.10). The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.66 billion. Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.34 EPS. Equities analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Tuesday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 97.65%.

Analyst Upgrades and Downgrades

FNF has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Financial from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Barclays lowered their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 6th. Weiss Ratings downgraded shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. 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. Finally, National Bank Financial set a $71.00 target price 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 company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.