Quantbot Technologies LP Buys 30,674 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Quantbot Technologies LP increased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 263.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 42,309 shares of the financial services provider’s stock after acquiring an additional 30,674 shares during the quarter. Quantbot Technologies LP’s holdings in Fidelity National Financial were worth $2,375,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of FNF. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Fidelity National Financial during the third quarter worth $897,000. Commerce Bank boosted its position in Fidelity National Financial by 3.5% in the third quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 200 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Fidelity National Financial by 5.7% in the third quarter. Advisors Asset Management Inc. now owns 43,092 shares of the financial services provider’s stock worth $2,674,000 after purchasing an additional 2,341 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Fidelity National Financial by 32.6% in the third quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 216 shares during the last quarter. Finally, Raymond James Trust N.A. boosted its position in Fidelity National Financial by 2.0% in the third quarter. Raymond James Trust N.A. now owns 17,258 shares of the financial services provider’s stock worth $1,071,000 after purchasing an additional 341 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on FNF shares. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods cut their price objective on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Stephens upped their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Finally, Barclays upped their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.40.

Fidelity National Financial Stock Performance

Shares of FNF opened at $63.49 on Monday. The stock’s 50-day simple moving average is $59.91 and its 200 day simple moving average is $59.87. The stock has a market capitalization of $17.46 billion, a price-to-earnings ratio of 13.65 and a beta of 1.32. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $65.65.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same quarter in the prior year, the firm posted $0.75 EPS. Research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.15%. Fidelity National Financial’s dividend payout ratio (DPR) is 43.01%.

Insider Buying and Selling

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. This represents a 6.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently 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.