Avanza Fonder AB Has $1.20 Million Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Avanza Fonder AB lowered its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 5.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,941 shares of the financial services provider’s stock after selling 967 shares during the period. Avanza Fonder AB’s holdings in Fidelity National Financial were worth $1,195,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Fidelity National Financial by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 27,054,319 shares of the financial services provider’s stock worth $1,518,829,000 after purchasing an additional 150,493 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Fidelity National Financial by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider’s stock worth $472,300,000 after purchasing an additional 387,729 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Fidelity National Financial by 1.2% in the 4th quarter. Victory Capital Management Inc. now owns 8,093,184 shares of the financial services provider’s stock worth $454,351,000 after purchasing an additional 98,751 shares in the last quarter. Geode Capital Management LLC increased its holdings in Fidelity National Financial by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider’s stock worth $252,037,000 after purchasing an additional 34,634 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Fidelity National Financial by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,385,420 shares of the financial services provider’s stock valued at $190,060,000 after buying an additional 16,095 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 0.6%

Shares of Fidelity National Financial stock opened at $55.58 on Thursday. Fidelity National Financial, Inc. has a one year low of $47.79 and a one year high of $66.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The stock’s 50-day moving average is $58.75 and its 200 day moving average is $59.58. The firm has a market cap of $15.26 billion, a price-to-earnings ratio of 11.95 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the company earned $0.91 EPS. The firm’s revenue for the quarter was down 17.3% on a year-over-year basis. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.60%. Fidelity National Financial’s payout ratio is 49.50%.

Wall Street Analyst Weigh In

FNF has been the topic of a number of analyst reports. Barclays upped their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price target on the stock in a research report on Tuesday, April 8th. Wall Street Zen lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Stephens upped their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial has a consensus rating of “Moderate Buy” and a consensus target price of $71.60.

About Fidelity National Financial

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.