Integrated Quantitative Investments LLC Takes $354,000 Position in Fidelity National Financial, Inc. (NYSE:FNF)

Integrated Quantitative Investments LLC acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,300 shares of the financial services provider's stock, valued at approximately $354,000.

A number of other hedge funds have also recently added to or reduced their stakes in FNF. Norges Bank bought a new position in shares of Fidelity National Financial during the fourth quarter valued at approximately $158,386,000. Raymond James Financial Inc. acquired a new position in Fidelity National Financial during the 4th quarter valued at approximately $33,103,000. Jupiter Asset Management Ltd. bought a new position in Fidelity National Financial during the 4th quarter worth $32,670,000. National Pension Service increased its position in Fidelity National Financial by 648.5% in the fourth quarter. National Pension Service now owns 496,600 shares of the financial services provider's stock worth $27,879,000 after buying an additional 430,252 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Fidelity National Financial by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider's stock valued at $472,300,000 after buying an additional 387,729 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Stephens raised their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and lifted their target price for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Barclays raised their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective for the company in a report on Tuesday. Finally, StockNews.com cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Two 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $71.60.

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Insider Buying and Selling

In other news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction on Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the transaction, the director now owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 5.20% of the company's stock.

Fidelity National Financial Price Performance

Fidelity National Financial stock traded down $1.50 during midday trading on Thursday, hitting $59.63. The company's stock had a trading volume of 759,390 shares, compared to its average volume of 1,105,975. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $66.72. 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 company has a market capitalization of $16.40 billion, a PE ratio of 12.87 and a beta of 1.09. The stock's 50-day moving average price is $61.47 and its 200-day moving average price is $60.18.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.11. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same period in the previous year, the firm earned $0.75 EPS. Analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Monday, March 17th. Fidelity National Financial's dividend payout ratio is 43.01%.

Fidelity National Financial Company Profile

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.