Cubist Systematic Strategies LLC Takes Position in Fidelity National Financial, Inc. (NYSE:FNF)

Cubist Systematic Strategies LLC purchased a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 70,450 shares of the financial services provider's stock, valued at approximately $3,955,000.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings 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 worth $75,000 after acquiring an additional 223 shares in the last quarter. Barclays PLC boosted its position 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 buying an additional 9,146 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Fidelity National Financial during the fourth quarter worth about $406,000. Donoghue Forlines LLC acquired a new position in shares of Fidelity National Financial during the fourth quarter worth about $1,469,000. Finally, Empowered Funds LLC boosted its position in shares of Fidelity National Financial by 62.2% during the fourth quarter. Empowered Funds LLC now owns 68,338 shares of the financial services provider's stock worth $3,836,000 after buying an additional 26,211 shares during the period. 81.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FNF shares. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective for the company in a research report on Tuesday, April 8th. Stephens upped their price objective 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. StockNews.com cut Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Barclays upped their price objective on 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $71.60.

Fidelity National Financial Stock Down 0.3%

NYSE FNF traded down $0.18 during trading hours on Monday, hitting $57.69. 1,748,837 shares of the company traded hands, compared to its average volume of 1,132,755. The business's 50-day moving average is $62.60 and its 200-day moving average is $60.37. Fidelity National Financial, Inc. has a twelve month low of $47.79 and a twelve month high of $66.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market capitalization of $15.84 billion, a price-to-earnings ratio of 12.41 and a beta of 1.14.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the company posted $0.91 earnings per share. The business's revenue for the quarter was down 17.3% on a year-over-year basis. Sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 16th will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.47%. Fidelity National Financial's payout ratio is 49.50%.

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.