Integrated Quantitative Investments LLC Acquires New Shares in Fidelity National Financial, Inc. (NYSE:FNF)

Integrated Quantitative Investments LLC bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,300 shares of the financial services provider’s stock, valued at approximately $354,000.

Several other institutional investors also recently modified their holdings of FNF. Chesley Taft & Associates LLC boosted its stake in Fidelity National Financial by 1.2% during the 4th quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider’s stock worth $937,000 after acquiring an additional 200 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Fidelity National Financial by 0.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider’s stock worth $4,053,000 after purchasing an additional 200 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Fidelity National Financial by 50.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after buying an additional 209 shares during the period. Essex Financial Services Inc. grew its holdings in shares of Fidelity National Financial by 5.3% in the 4th quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider’s stock valued at $236,000 after buying an additional 211 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of Fidelity National Financial by 19.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock valued at $75,000 after buying an additional 223 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Fidelity National Financial Price Performance

NYSE FNF opened at $60.13 on Friday. The firm’s 50 day moving average is $61.39 and its 200-day moving average is $60.24. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $16.54 billion, a PE ratio of 12.93 and a beta of 1.09. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-month high of $66.72.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations 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 previous year, the firm posted $0.75 EPS. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid 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 3.33%. Fidelity National Financial’s dividend payout ratio is 43.01%.

Insiders Place Their Bets

In related news, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were 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 directly owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.20% of the company’s stock.

Fidelity National Financial 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.