Integrated Quantitative Investments LLC Purchases Shares of 6,300 Fidelity National Financial, Inc. (NYSE:FNF)

Integrated Quantitative Investments LLC acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 6,300 shares of the financial services provider’s stock, valued at approximately $354,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNF. Norges Bank bought a new stake in Fidelity National Financial in the fourth quarter valued at about $158,386,000. Raymond James Financial Inc. bought a new stake in shares of Fidelity National Financial in the 4th quarter valued at approximately $33,103,000. Jupiter Asset Management Ltd. bought a new position in shares of Fidelity National Financial during the 4th quarter worth approximately $32,670,000. National Pension Service lifted its position in shares of Fidelity National Financial by 648.5% during the 4th quarter. National Pension Service now owns 496,600 shares of the financial services provider’s stock worth $27,879,000 after buying an additional 430,252 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Fidelity National Financial by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider’s stock valued at $472,300,000 after buying an additional 387,729 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FNF. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Keefe, Bruyette & Woods dropped their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Stephens boosted 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. Finally, Barclays raised their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.40.

Fidelity National Financial Price Performance

Shares of FNF stock opened at $60.13 on Friday. Fidelity National Financial, Inc. has a 1 year low of $46.85 and a 1 year high of $66.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $61.39 and its 200-day moving average is $60.24. The firm has a market capitalization of $16.54 billion, a price-to-earnings ratio of 12.93 and a beta of 1.09.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (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 the consensus estimate 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 business earned $0.75 EPS. Sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Monday, March 17th. Fidelity National Financial’s dividend payout ratio is 43.01%.

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.