Trexquant Investment LP Increases Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Trexquant Investment LP grew its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 105.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,140 shares of the financial services provider's stock after buying an additional 68,998 shares during the quarter. Trexquant Investment LP's holdings in Fidelity National Financial were worth $7,531,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in Fidelity National Financial in the fourth quarter worth about $158,386,000. Raymond James Financial Inc. bought a new stake in Fidelity National Financial in the 4th quarter valued at about $33,103,000. Jupiter Asset Management Ltd. bought a new position in Fidelity National Financial during the fourth quarter worth about $32,670,000. National Pension Service increased its stake in shares of 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 purchasing an additional 430,252 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of 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 purchasing an additional 387,729 shares during the period. Hedge funds and other institutional investors own 81.17% of the company's stock.

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Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the business's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the transaction, the director now directly owns 16,716 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

Fidelity National Financial Price Performance

FNF stock traded up $2.87 during mid-day trading on Wednesday, hitting $61.18. 2,497,017 shares of the stock were exchanged, compared to its average volume of 1,107,159. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market capitalization of $16.82 billion, a price-to-earnings ratio of 13.16 and a beta of 1.09. The business has a fifty day moving average price of $61.47 and a 200 day moving average price of $60.18. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $66.72.

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

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.27%. Fidelity National Financial's payout ratio is currently 43.01%.

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.