Quantbot Technologies LP Buys 30,674 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Quantbot Technologies LP boosted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 263.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,309 shares of the financial services provider's stock after buying an additional 30,674 shares during the period. Quantbot Technologies LP's holdings in Fidelity National Financial were worth $2,375,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of Fidelity National Financial during the 3rd quarter worth $35,000. Parkside Financial Bank & Trust lifted its holdings in shares of Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock worth $35,000 after acquiring an additional 209 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Fidelity National Financial in the 4th quarter valued at approximately $37,000. True Wealth Design LLC bought a new stake in shares of Fidelity National Financial during the 3rd quarter valued at approximately $41,000. Finally, Larson Financial Group LLC increased its position in Fidelity National Financial by 141.1% during the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider's stock worth $43,000 after purchasing an additional 402 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FNF has been the topic of a number of research analyst reports. StockNews.com lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and raised their price objective for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Keefe, Bruyette & Woods dropped their target price on Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating for the company in a research report on Wednesday, January 8th. Barclays boosted their price target on Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Finally, Stephens raised their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $70.40.

Remove Ads

Fidelity National Financial Trading Up 0.2 %

Shares of NYSE FNF traded up $0.14 during trading on Thursday, reaching $64.92. The company had a trading volume of 970,113 shares, compared to its average volume of 1,032,758. The stock has a market cap of $17.85 billion, a P/E ratio of 13.96 and a beta of 1.32. The company's fifty day moving average price is $60.48 and its 200-day moving average price is $59.99. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $67.69.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.11. The business had revenue of $3.62 billion during 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 quarter in the prior year, the firm posted $0.75 EPS. As a group, research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial's dividend payout ratio is presently 43.01%.

Insider Activity at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of the business's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now directly owns 16,716 shares of the company's stock, valued at $916,872.60. The trade was a 14.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.20% of the stock is owned by company insiders.

Fidelity National Financial 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.