Forsta AP Fonden Has $8.77 Million Stock Holdings in Fidelity National Financial, Inc. $FNF

Forsta AP Fonden increased its position in Fidelity National Financial, Inc. (NYSE:FNF) by 254.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 156,500 shares of the financial services provider’s stock after purchasing an additional 112,300 shares during the quarter. Forsta AP Fonden’s holdings in Fidelity National Financial were worth $8,773,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Nuveen LLC acquired a new position in Fidelity National Financial during the first quarter worth approximately $178,433,000. Millennium Management LLC lifted its position in shares of Fidelity National Financial by 93.3% in the first quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock valued at $244,967,000 after buying an additional 1,817,124 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Fidelity National Financial by 70.6% during the 1st quarter. AQR Capital Management LLC now owns 1,992,047 shares of the financial services provider’s stock worth $129,264,000 after acquiring an additional 824,562 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Fidelity National Financial by 7.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider’s stock worth $585,785,000 after acquiring an additional 588,113 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Fidelity National Financial by 336.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 307,513 shares of the financial services provider’s stock worth $20,013,000 after acquiring an additional 237,063 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelity National Financial in a report on Wednesday, October 8th. Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. National Bankshares set a $64.00 target price on shares of Fidelity National Financial in a report on Monday, October 6th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Fidelity National Financial from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Monday. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

Fidelity National Financial Trading Up 0.0%

Shares of Fidelity National Financial stock opened at $58.51 on Friday. 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 firm has a 50-day moving average of $57.74 and a 200-day moving average of $57.44. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72. The stock has a market cap of $15.90 billion, a PE ratio of 14.85 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. The business had revenue of $3.17 billion during the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be given a $0.52 dividend. The ex-dividend date is Wednesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.6%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 48.37%.

Fidelity National Financial Company 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.