Renaissance Technologies LLC Decreases Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Renaissance Technologies LLC lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 11.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 209,709 shares of the financial services provider’s stock after selling 26,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Fidelity National Financial were worth $11,773,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Orion Portfolio Solutions LLC boosted its position in Fidelity National Financial by 30.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 11,780 shares of the financial services provider’s stock valued at $731,000 after buying an additional 2,782 shares during the period. Barclays PLC boosted its holdings in shares of Fidelity National Financial by 4.4% during the third quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock worth $13,451,000 after purchasing an additional 9,146 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Fidelity National Financial in the third quarter worth about $672,000. Tidal Investments LLC grew its stake in shares of Fidelity National Financial by 38.9% in the third quarter. Tidal Investments LLC now owns 6,756 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 1,892 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in Fidelity National Financial by 17.1% during the 4th quarter. Versant Capital Management Inc now owns 1,729 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 252 shares during the period. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Up 0.6 %

Fidelity National Financial stock opened at $62.40 on Wednesday. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $66.72. The company has a market capitalization of $17.16 billion, a price-to-earnings ratio of 13.42 and a beta of 1.09. The business’s fifty day simple moving average is $61.72 and its two-hundred day simple moving average is $60.19. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

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

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.20%. Fidelity National Financial’s payout ratio is currently 43.01%.

Analyst Ratings Changes

FNF has been the topic of several research analyst reports. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price objective for the company in a report on Tuesday, April 8th. Stephens increased their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price objective for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Finally, Barclays upped their target price on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.60.

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.