Fidelity National Financial, Inc. $FNF Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 288.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,731 shares of the financial services provider’s stock after acquiring an additional 36,944 shares during the quarter. Quantbot Technologies LP’s holdings in Fidelity National Financial were worth $2,788,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in shares of Fidelity National Financial by 4,545.5% in the 2nd quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 500 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Fidelity National Financial in the second quarter worth about $29,000. Cary Street Partners Investment Advisory LLC grew its stake in Fidelity National Financial by 80.0% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 208 shares in the last quarter. Rise Advisors LLC bought a new stake in Fidelity National Financial in the first quarter valued at about $32,000. Finally, REAP Financial Group LLC raised its stake in Fidelity National Financial by 70.0% during the second quarter. REAP Financial Group LLC now owns 697 shares of the financial services provider’s stock valued at $39,000 after buying an additional 287 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Trading Up 0.2%

Shares of NYSE FNF opened at $58.30 on Friday. Fidelity National Financial, Inc. has a 12-month low of $50.61 and a 12-month high of $66.72. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 13.56 and a beta of 1.01. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47. The stock’s 50 day simple moving average is $57.40 and its 200 day simple moving average is $57.15.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. The firm had revenue of $3.17 billion for the quarter. Fidelity National Financial had a return on equity of 15.06% and a net margin of 8.34%. Equities research analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s dividend payout ratio (DPR) is presently 46.51%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FNF shares. Barclays reaffirmed a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Keefe, Bruyette & Woods upped their price target on Fidelity National Financial from $69.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, November 10th. Stephens assumed coverage on shares of Fidelity National Financial in a report on Friday, November 14th. They issued an “overweight” rating for the company. National Bankshares set a $64.00 target price on shares of Fidelity National Financial in a research note on Monday, October 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Fidelity National Financial in a report on Monday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Fidelity National Financial currently has an average rating of “Moderate Buy” and an average price target of $70.00.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Daniel D. Lane sold 6,367 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $57.63, for a total value of $366,930.21. Following the completion of the transaction, the director owned 276,308 shares in the company, valued at approximately $15,923,630.04. This represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.50% of the stock is owned by insiders.

Fidelity National Financial Company 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.