Sumitomo Mitsui Trust Group Inc. Has $37.86 Million Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Sumitomo Mitsui Trust Group Inc. grew its position in Fidelity National Financial, Inc. (NYSE:FNF) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 674,446 shares of the financial services provider’s stock after purchasing an additional 54,223 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Fidelity National Financial were worth $37,863,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in Fidelity National Financial by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock valued at $498,041,000 after acquiring an additional 289,962 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Fidelity National Financial by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider’s stock valued at $276,343,000 after purchasing an additional 69,643 shares during the period. AustralianSuper Pty Ltd boosted its position in shares of Fidelity National Financial by 0.4% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,833,765 shares of the financial services provider’s stock valued at $113,803,000 after purchasing an additional 6,976 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Fidelity National Financial by 3.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,530,424 shares of the financial services provider’s stock worth $94,978,000 after purchasing an additional 57,316 shares during the period. Finally, FMR LLC increased its holdings in Fidelity National Financial by 11.4% in the third quarter. FMR LLC now owns 872,017 shares of the financial services provider’s stock worth $54,117,000 after purchasing an additional 89,031 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FNF has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, Truist Financial raised their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Fidelity National Financial has a consensus rating of “Moderate Buy” and a consensus price target of $66.40.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $57.75 on Tuesday. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83. The stock’s 50 day moving average is $57.94 and its 200-day moving average is $58.83. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $15.80 billion, a price-to-earnings ratio of 21.00 and a beta of 1.39.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the transaction, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. The trade was a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the sale, the director now directly owns 16,716 shares of the company’s stock, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

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.