Renaissance Technologies LLC Cuts Position in Fidelity National Financial, Inc. (NYSE:FNF)

Renaissance Technologies LLC trimmed its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 11.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 209,709 shares of the financial services provider’s stock after selling 26,800 shares during the quarter. Renaissance Technologies LLC owned 0.08% of Fidelity National Financial worth $11,773,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Parkside Financial Bank & Trust increased its position in shares of Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 209 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of Fidelity National Financial in the 4th quarter worth approximately $37,000. Golden State Wealth Management LLC purchased a new position in Fidelity National Financial in the fourth quarter valued at approximately $52,000. UMB Bank n.a. grew its holdings in Fidelity National Financial by 68.9% during the fourth quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 472 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Fidelity National Financial by 19.9% in the fourth 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 during the period. 81.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FNF. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Barclays boosted their price target on shares of 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. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Stephens increased their target price on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Finally, Keefe, Bruyette & Woods upgraded Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price target for the company in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $71.60.

Fidelity National Financial Stock Up 0.6 %

Shares of NYSE:FNF opened at $62.40 on Wednesday. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $66.72. The firm has a fifty day moving average price of $61.72 and a two-hundred day moving average price of $60.19. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market cap of $17.16 billion, a price-to-earnings ratio of 13.42 and a beta of 1.09.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the previous year, the company earned $0.75 EPS. Analysts anticipate 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. Shareholders of record on Monday, March 17th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.20%. The ex-dividend date was Monday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 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.