Renaissance Technologies LLC Sells 26,800 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Renaissance Technologies LLC trimmed its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 209,709 shares of the financial services provider's stock after selling 26,800 shares during the period. Renaissance Technologies LLC owned 0.08% of Fidelity National Financial worth $11,773,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FNF. Parkside Financial Bank & Trust raised its stake in 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 valued at $35,000 after purchasing an additional 209 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Fidelity National Financial during the 4th quarter valued at $37,000. Golden State Wealth Management LLC bought a new stake in shares of Fidelity National Financial during the 4th quarter worth $52,000. UMB Bank n.a. lifted its holdings in shares of Fidelity National Financial by 68.9% during the 4th quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider's stock worth $65,000 after acquiring an additional 472 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Fidelity National Financial by 19.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock worth $75,000 after acquiring an additional 223 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FNF shares. StockNews.com lowered Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Barclays boosted their target price on Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price for the company in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and lifted their price target for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Finally, Stephens lifted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Financial has an average rating of "Moderate Buy" and a consensus price target of $71.60.

Fidelity National Financial Stock Down 1.7 %

Shares of FNF stock traded down $1.03 during mid-day trading on Monday, reaching $60.78. 66,973 shares of the company's stock traded hands, compared to its average volume of 1,108,855. 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's 50-day moving average price is $61.96 and its 200-day moving average price is $60.19. The company has a market cap of $16.71 billion, a P/E ratio of 13.07 and a beta of 1.09. Fidelity National Financial, Inc. has a 12 month low of $47.79 and a 12 month high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced 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 last year, the firm earned $0.75 earnings per share. On average, equities analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.29%. Fidelity National Financial's payout ratio is presently 43.01%.

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.