Sumitomo Mitsui Trust Group Inc. Decreases Stock Holdings in Fidelity National Financial, Inc. $FNF

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 1.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 643,328 shares of the financial services provider’s stock after selling 11,628 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Fidelity National Financial worth $29,838,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FNF. Canton Hathaway LLC bought a new stake in shares of Fidelity National Financial in the fourth quarter worth approximately $26,000. Commonwealth Retirement Investments LLC bought a new position in Fidelity National Financial during the fourth quarter valued at approximately $28,000. Headlands Technologies LLC purchased a new stake in Fidelity National Financial in the second quarter worth approximately $32,000. Cary Street Partners Investment Advisory LLC boosted its holdings in Fidelity National Financial by 57.2% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 353 shares during the last quarter. Finally, Fideuram Asset Management Ireland dac bought a new stake in Fidelity National Financial in the 4th quarter worth approximately $58,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

FNF has been the subject of a number of research reports. Barclays boosted their target price on shares of Fidelity National Financial from $50.00 to $51.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. National Bank Financial set a $51.00 price objective on Fidelity National Financial in a research report on Tuesday, July 7th. Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Finally, Stephens dropped their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $56.00.

Insider Activity at Fidelity National Financial

In other news, EVP Peter T. Sadowski sold 69,196 shares of Fidelity National Financial stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the transaction, the executive vice president directly owned 5,702 shares of the company’s stock, valued at $260,581.40. The trade was a 92.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.70% of the stock is owned by company insiders.

Fidelity National Financial Trading Up 1.1%

Shares of FNF stock opened at $50.06 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market cap of $13.47 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 0.73 and a beta of 0.96. Fidelity National Financial, Inc. has a 1 year low of $42.78 and a 1 year high of $61.40. The firm has a fifty day moving average price of $48.09 and a 200-day moving average price of $50.32.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). The company had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.Fidelity National Financial’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 earnings per share. As a group, equities analysts predict that Fidelity National Financial, Inc. will post 5.24 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a $0.52 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $2.08 dividend on an annualized basis and a yield of 4.2%. Fidelity National Financial’s dividend payout ratio is presently 75.91%.

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.