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

Quantbot Technologies LP lessened its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 66.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 16,583 shares of the financial services provider’s stock after selling 33,148 shares during the period. Quantbot Technologies LP’s holdings in Fidelity National Financial were worth $1,003,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Xponance Inc. boosted its position in Fidelity National Financial by 1.2% during the third quarter. Xponance Inc. now owns 46,891 shares of the financial services provider’s stock worth $2,836,000 after acquiring an additional 541 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Fidelity National Financial by 12.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 250,422 shares of the financial services provider’s stock worth $15,148,000 after purchasing an additional 27,837 shares in the last quarter. MAI Capital Management boosted its holdings in shares of Fidelity National Financial by 9.0% during the 3rd quarter. MAI Capital Management now owns 4,094 shares of the financial services provider’s stock worth $248,000 after purchasing an additional 339 shares during the last quarter. Waddell & Associates LLC purchased a new stake in shares of Fidelity National Financial in the third quarter valued at approximately $280,000. Finally, TD Asset Management Inc grew its position in shares of Fidelity National Financial by 1.2% in the third quarter. TD Asset Management Inc now owns 91,263 shares of the financial services provider’s stock valued at $5,520,000 after purchasing an additional 1,084 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $50.11 on Friday. Fidelity National Financial, Inc. has a fifty-two week low of $48.42 and a fifty-two week high of $66.72. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.24 and a current ratio of 0.24. The company has a 50 day moving average price of $54.16 and a 200 day moving average price of $56.62. The stock has a market capitalization of $13.59 billion, a P/E ratio of 23.58, a PEG ratio of 0.64 and a beta of 0.99.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, February 19th. The financial services provider reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.10). The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.66 billion. Fidelity National Financial had a return on equity of 15.06% and a net margin of 4.17%.The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $1.34 earnings per share. Equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.2%. Fidelity National Financial’s dividend payout ratio is currently 97.65%.

Insider Activity

In other news, Director Halim Dhanidina sold 6,000 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $55.90, for a total value of $335,400.00. Following the sale, the director directly owned 13,186 shares in the company, valued at approximately $737,097.40. This trade represents a 31.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. National Bank Financial set a $71.00 price objective on Fidelity National Financial in a research report on Monday, February 23rd. Keefe, Bruyette & Woods upped their target price on Fidelity National Financial from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Barclays reduced their price target on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 6th. Wall Street Zen cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Stephens initiated coverage on Fidelity National Financial in a research note on Friday, November 14th. They issued an “overweight” rating on the stock. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.33.

Fidelity National Financial Company Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.