Two Sigma Securities LLC Acquires New Position in Fidelity National Financial, Inc. (NYSE:FNF)

Two Sigma Securities LLC acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,358 shares of the financial services provider’s stock, valued at approximately $357,000.

A number of other large investors also recently added to or reduced their stakes in FNF. Norges Bank purchased a new stake in shares of Fidelity National Financial in the fourth quarter valued at $158,386,000. Invesco Ltd. raised its holdings in shares of Fidelity National Financial by 53.3% in the fourth quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider’s stock worth $123,490,000 after buying an additional 764,958 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Fidelity National Financial by 99.0% during the fourth quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider’s stock worth $80,689,000 after purchasing an additional 715,070 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Fidelity National Financial in the 4th quarter valued at $33,103,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in Fidelity National Financial during the 4th quarter worth about $32,670,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $62.69 on Monday. The stock has a market cap of $17.24 billion, a PE ratio of 13.48 and a beta of 1.09. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The business’s fifty day moving average price is $62.37 and its two-hundred day moving average price is $60.26. Fidelity National Financial, Inc. has a one year low of $47.79 and a one year high of $70.99.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the previous year, the company earned $0.75 EPS. On average, analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Monday, March 17th. Fidelity National Financial’s payout ratio is currently 43.01%.

Analysts Set New Price Targets

Several brokerages recently weighed in on FNF. Barclays lifted their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Keefe, Bruyette & Woods upgraded 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 research report on Tuesday, April 8th. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Stephens lifted their target price 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.60.

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.