Quantinno Capital Management LP Raises Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Quantinno Capital Management LP lifted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 34.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,337 shares of the financial services provider’s stock after purchasing an additional 3,670 shares during the period. Quantinno Capital Management LP’s holdings in Fidelity National Financial were worth $890,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of FNF. Capital Performance Advisors LLP bought a new position in Fidelity National Financial in the third quarter worth about $32,000. International Assets Investment Management LLC purchased a new position in shares of Fidelity National Financial during the 2nd quarter worth approximately $35,000. Brooklyn Investment Group bought a new position in shares of Fidelity National Financial in the 3rd quarter worth approximately $35,000. True Wealth Design LLC purchased a new position in shares of Fidelity National Financial in the 3rd quarter valued at approximately $41,000. Finally, Innealta Capital LLC bought a new stake in shares of Fidelity National Financial during the second quarter valued at approximately $43,000. Institutional investors own 81.17% of the company’s stock.

Insider Activity

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the transaction, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The trade was a 11.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FNF. Barclays increased their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Financial from $63.00 to $64.00 and gave the company a “market perform” rating in a research report on Tuesday. Finally, Truist Financial boosted their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $63.80.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $59.92 on Friday. The company has a market capitalization of $16.40 billion, a price-to-earnings ratio of 21.79 and a beta of 1.36. 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 one year low of $46.85 and a one year high of $64.83. The company’s 50-day moving average is $61.02 and its 200 day moving average is $56.81.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the previous year, the company earned $1.23 EPS. The company’s quarterly revenue was up 29.7% compared to the same quarter last year. Sell-side analysts expect that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.34%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is currently 72.73%.

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.