Sumitomo Mitsui Trust Group Inc. Has $39.03 Million Position in Fidelity National Financial, Inc. $FNF

Sumitomo Mitsui Trust Group Inc. cut its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 645,268 shares of the financial services provider’s stock after selling 36,429 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Fidelity National Financial worth $39,032,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Mather Group LLC. bought a new stake in Fidelity National Financial in the third quarter worth approximately $29,000. Blue Trust Inc. grew its position in shares of Fidelity National Financial by 4,545.5% during the 2nd quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock worth $29,000 after buying an additional 500 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in shares of Fidelity National Financial in the 2nd quarter valued at $29,000. Headlands Technologies LLC bought a new stake in shares of Fidelity National Financial in the 2nd quarter valued at $32,000. Finally, Capital A Wealth Management LLC lifted its position in shares of Fidelity National Financial by 7,244.4% during the 2nd quarter. Capital A Wealth Management LLC now owns 661 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 652 shares during the period. Institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Daniel D. Lane sold 6,367 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $57.63, for a total value of $366,930.21. Following the completion of the sale, the director owned 276,308 shares in the company, valued at $15,923,630.04. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Halim Dhanidina sold 6,000 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was 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 in the company, valued at approximately $737,097.40. This trade represents a 31.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.50% of the stock is currently owned by company insiders.

Fidelity National Financial Price Performance

FNF stock opened at $52.88 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.25 and a current ratio of 0.25. The business has a 50-day simple moving average of $56.53 and a two-hundred day simple moving average of $57.24. The company has a market capitalization of $14.87 billion, a P/E ratio of 12.75 and a beta of 1.00. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Monday, November 10th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.43 by $0.20. Fidelity National Financial had a return on equity of 15.06% and a net margin of 8.34%.The firm had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the business posted $1.30 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Research analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th were paid a dividend of $0.52 per share. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, December 17th. This represents a $2.08 annualized dividend and a yield of 3.9%. Fidelity National Financial’s dividend payout ratio (DPR) is 50.12%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Fidelity National Financial in a report on Monday, December 29th. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Barclays decreased their target price 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. National Bankshares set a $63.00 price target on Fidelity National Financial in a research note on Tuesday, January 6th. Finally, Wall Street Zen cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Fidelity National Financial has an average rating of “Moderate Buy” and an average target price of $68.25.

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.