Quantbot Technologies LP Boosts Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Quantbot Technologies LP increased its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 380.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,072 shares of the financial services provider’s stock after acquiring an additional 44,392 shares during the period. Quantbot Technologies LP’s holdings in Fidelity National Financial were worth $2,771,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Fidelity National Financial by 0.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 66,445 shares of the financial services provider’s stock worth $3,390,000 after purchasing an additional 196 shares in the last quarter. Chesley Taft & Associates LLC grew its position in Fidelity National Financial by 1.9% during the second quarter. Chesley Taft & Associates LLC now owns 10,575 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 200 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Fidelity National Financial by 10.6% during the first quarter. GAMMA Investing LLC now owns 2,155 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 207 shares in the last quarter. Woodward Diversified Capital LLC lifted its holdings in shares of Fidelity National Financial by 6.4% in the 1st quarter. Woodward Diversified Capital LLC now owns 4,219 shares of the financial services provider’s stock worth $224,000 after acquiring an additional 254 shares during the last quarter. Finally, Davis Capital Management boosted its stake in shares of Fidelity National Financial by 5.0% in the 1st quarter. Davis Capital Management now owns 5,821 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 279 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of FNF stock opened at $60.78 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. Fidelity National Financial, Inc. has a fifty-two week low of $37.10 and a fifty-two week high of $61.06. The firm has a market cap of $16.61 billion, a P/E ratio of 19.99 and a beta of 1.36. The business’s 50 day moving average price is $56.22 and its 200-day moving average price is $52.43.

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

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors 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 3.16%. The ex-dividend date is Monday, September 16th. Fidelity National Financial’s dividend payout ratio is currently 63.16%.

Wall Street Analyst Weigh In

Several analysts have issued reports on FNF shares. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft raised their price target on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Stephens reiterated an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. Truist Financial raised their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $61.80.

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.