Sumitomo Mitsui Trust Group Inc. Has $38.22 Million Stock Holdings in Fidelity National Financial, Inc. $FNF

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 10.4% during the second quarter, Holdings Channel reports. 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.’s holdings in Fidelity National Financial were worth $38,216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Private Trust Co. NA raised its position in shares of Fidelity National Financial by 38.7% during the first quarter. Private Trust Co. NA now owns 738 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 206 shares during the period. Stephens Inc. AR raised its position in shares of Fidelity National Financial by 29.3% during the second quarter. Stephens Inc. AR now owns 180,087 shares of the financial services provider’s stock worth $10,096,000 after purchasing an additional 40,835 shares during the period. Cerity Partners LLC raised its position in shares of Fidelity National Financial by 39.0% during the first quarter. Cerity Partners LLC now owns 51,647 shares of the financial services provider’s stock worth $3,361,000 after purchasing an additional 14,485 shares during the period. OLD National Bancorp IN grew its holdings in shares of Fidelity National Financial by 2.5% during the second quarter. OLD National Bancorp IN now owns 171,145 shares of the financial services provider’s stock valued at $9,594,000 after buying an additional 4,204 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC acquired a new position in Fidelity National Financial during the first quarter valued at $509,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $55.79 on Wednesday. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72. The business has a 50-day moving average of $58.60 and a two-hundred day moving average of $57.85. The stock has a market capitalization of $15.16 billion, a P/E ratio of 14.16 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share 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 during the quarter. On average, equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

FNF has been the topic of several recent analyst reports. National Bankshares set a $64.00 price target on Fidelity National Financial in a research report on Monday, October 6th. Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Fidelity National Financial in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.83.

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.