Fidelity National Financial, Inc. $FNF Stake Increased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 534,663 shares of the financial services provider’s stock after purchasing an additional 13,139 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.20% of Fidelity National Financial worth $20,665,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new position in Fidelity National Financial in the 2nd quarter worth approximately $112,882,000. Dimensional Fund Advisors LP grew its holdings in Fidelity National Financial by 30.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,210,824 shares of the financial services provider’s stock valued at $195,287,000 after buying an additional 973,891 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Fidelity National Financial by 70.3% during the first quarter. Hsbc Holdings PLC now owns 896,177 shares of the financial services provider’s stock valued at $41,524,000 after buying an additional 369,908 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of Fidelity National Financial by 74.4% during the second quarter. Squarepoint Ops LLC now owns 688,380 shares of the financial services provider’s stock valued at $32,464,000 after buying an additional 293,761 shares during the last quarter. Finally, SEB Asset Management AB bought a new stake in shares of Fidelity National Financial during the first quarter valued at approximately $13,359,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Truist Financial dropped their target price on shares of Fidelity National Financial from $70.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, October 15th. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. National Bank Financial set a $54.00 price target on shares of Fidelity National Financial in a report on Friday, August 7th. Stephens decreased their price target on shares of Fidelity National Financial from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 21st. Finally, Barclays dropped their price objective on shares of Fidelity National Financial from $54.00 to $47.00 and set an “equal weight” rating for the company in a report on Monday, October 5th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $54.20.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $43.00 on Friday. The company has a market cap of $11.53 billion, a price-to-earnings ratio of 8.16 and a beta of 0.93. Fidelity National Financial, Inc. has a 1 year low of $37.88 and a 1 year high of $60.37. The stock’s 50 day simple moving average is $41.88 and its two-hundred day simple moving average is $47.81. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Thursday, November 5th. The financial services provider reported $1.32 EPS for the quarter, meeting analysts’ consensus estimates of $1.32. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.78 billion. Fidelity National Financial had a return on equity of 16.07% and a net margin of 5.03%. During the same period in the prior year, the company earned $1.63 EPS. As a group, equities analysts anticipate that Fidelity National Financial, Inc. will post 5.07 earnings per share for the current fiscal year.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc (NYSE:FNF) is a provider of title insurance and transaction services in the United States. Through its title insurance businesses, the company protects property buyers, lenders and other parties against certain risks associated with real estate ownership and transfers. Its services include title searches, title examinations, escrow and closing services, and related technology and transaction-support solutions.

FNF operates through a group of title insurance brands, including Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.