Versor Investments LP Decreases Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Versor Investments LP reduced its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 32.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,880 shares of the financial services provider's stock after selling 10,881 shares during the period. Versor Investments LP's holdings in Fidelity National Financial were worth $1,420,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in FNF. Quantbot Technologies LP raised its holdings in Fidelity National Financial by 67.1% in the 1st quarter. Quantbot Technologies LP now owns 11,680 shares of the financial services provider's stock worth $620,000 after acquiring an additional 4,691 shares during the last quarter. Wealthspire Advisors LLC purchased a new position in Fidelity National Financial in the 1st quarter worth approximately $205,000. Headlands Technologies LLC purchased a new position in Fidelity National Financial in the 1st quarter worth approximately $137,000. QRG Capital Management Inc. raised its holdings in Fidelity National Financial by 2.6% in the 1st quarter. QRG Capital Management Inc. now owns 98,924 shares of the financial services provider's stock worth $5,253,000 after acquiring an additional 2,525 shares during the last quarter. Finally, Qsemble Capital Management LP purchased a new position in Fidelity National Financial in the 1st quarter worth approximately $746,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FNF has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a "hold" rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods lifted their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a "market perform" rating in a research report on Wednesday, September 4th. Stephens reaffirmed an "overweight" rating and issued a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Finally, Barclays boosted their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $63.60.

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the transaction, the director now owns 13,206 shares in the company, valued at approximately $803,585.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.20% of the stock is owned by corporate insiders.

Fidelity National Financial Stock Performance

Shares of FNF stock traded down $0.05 during mid-day trading on Monday, reaching $60.18. 725,705 shares of the company's stock traded hands, compared to its average volume of 1,213,092. Fidelity National Financial, Inc. has a 12 month low of $43.11 and a 12 month high of $62.97. The firm has a 50 day moving average price of $60.30 and a two-hundred day moving average price of $55.09. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 39.51. The firm has a market capitalization of $16.46 billion, a PE ratio of 22.26 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 14.08%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the firm earned $1.23 EPS. The company's revenue was up 29.7% on a year-over-year basis. On average, research analysts forecast that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. This is a boost from Fidelity National Financial's previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.32%. Fidelity National Financial's payout ratio is 69.82%.

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.