Qsemble Capital Management LP Purchases New Shares in Fidelity National Financial, Inc. (NYSE:FNF)

Qsemble Capital Management LP purchased a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,052 shares of the financial services provider’s stock, valued at approximately $746,000.

A number of other institutional investors have also recently added to or reduced their stakes in FNF. V Square Quantitative Management LLC purchased a new stake in shares of Fidelity National Financial during the fourth quarter worth about $27,000. Mather Group LLC. acquired a new stake in Fidelity National Financial during the 1st quarter valued at approximately $31,000. Salomon & Ludwin LLC increased its holdings in Fidelity National Financial by 231.0% during the 1st quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 425 shares during the last quarter. MCF Advisors LLC raised its position in shares of Fidelity National Financial by 116.0% in the 1st quarter. MCF Advisors LLC now owns 674 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 362 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Fidelity National Financial in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Keefe, Bruyette & Woods cut their price objective on Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 2nd. Barclays raised their target price on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Stephens raised their price target on Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Financial currently has an average rating of “Hold” and a consensus price target of $55.40.

Fidelity National Financial Stock Performance

Shares of FNF traded up $0.34 during mid-day trading on Wednesday, reaching $54.85. 130,079 shares of the company’s stock traded hands, compared to its average volume of 1,339,955. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21. The business’s 50-day moving average price is $50.22 and its 200-day moving average price is $50.36. The stock has a market capitalization of $14.99 billion, a P/E ratio of 17.93 and a beta of 1.35. Fidelity National Financial, Inc. has a 12 month low of $37.10 and a 12 month high of $55.35.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.08). Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the firm earned $0.52 EPS. The firm’s revenue was up 33.3% on a year-over-year basis. Equities analysts predict that Fidelity National Financial, Inc. will post 4.67 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.48 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a yield of 3.50%. Fidelity National Financial’s dividend payout ratio is presently 63.16%.

Insider Buying and Selling at Fidelity National Financial

In other news, CFO Anthony Park sold 85,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the sale, the chief financial officer now directly owns 99,049 shares of the company’s stock, valued at approximately $5,033,670.18. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Anthony Park sold 85,000 shares of Fidelity National Financial stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the transaction, the chief financial officer now directly owns 99,049 shares in the company, valued at approximately $5,033,670.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the sale, the director now owns 14,906 shares of the company’s stock, valued at approximately $754,839.84. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate 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.