Fidelity National Financial, Inc. (NYSE:FNF) Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC grew its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 22.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 272,393 shares of the financial services provider’s stock after acquiring an additional 49,206 shares during the quarter. Squarepoint Ops LLC’s holdings in Fidelity National Financial were worth $13,462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new position in shares of Fidelity National Financial during the 2nd quarter worth $26,000. V Square Quantitative Management LLC purchased a new position in shares of Fidelity National Financial during the 4th quarter worth $27,000. New Covenant Trust Company N.A. purchased a new position in shares of Fidelity National Financial during the 1st quarter worth $30,000. Mather Group LLC. purchased a new position in shares of Fidelity National Financial during the 1st quarter worth $31,000. Finally, Covestor Ltd grew its holdings in shares of Fidelity National Financial by 109.0% during the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 303 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

FNF stock opened at $61.10 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $16.69 billion, a P/E ratio of 20.10 and a beta of 1.36. The business’s 50-day moving average is $57.37 and its two-hundred day moving average is $52.87. Fidelity National Financial, Inc. has a 1 year low of $37.10 and a 1 year high of $62.00.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. Fidelity National Financial’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.01 EPS. Analysts anticipate that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Monday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the sale, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods raised their target price on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Truist Financial raised their target price on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Stephens restated an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Fidelity National Financial currently has a consensus rating of “Hold” and an average price target of $61.80.

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.