Fidelity National Financial, Inc. (NYSE:FNF) Stake Lifted by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC boosted its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 89.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,010 shares of the financial services provider's stock after buying an additional 14,603 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Fidelity National Financial were worth $1,741,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FNF. AQR Capital Management LLC raised its stake in shares of Fidelity National Financial by 135.8% in the 4th quarter. AQR Capital Management LLC now owns 1,167,485 shares of the financial services provider's stock valued at $65,543,000 after purchasing an additional 672,323 shares in the last quarter. Northern Trust Corp raised its stake in shares of Fidelity National Financial by 19.9% in the 4th quarter. Northern Trust Corp now owns 2,515,286 shares of the financial services provider's stock valued at $141,208,000 after purchasing an additional 418,234 shares in the last quarter. Quarry LP raised its stake in shares of Fidelity National Financial by 559.2% in the 4th quarter. Quarry LP now owns 1,358 shares of the financial services provider's stock valued at $76,000 after purchasing an additional 1,152 shares in the last quarter. Oxford Asset Management LLP acquired a new stake in shares of Fidelity National Financial in the 4th quarter valued at about $301,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Fidelity National Financial in the 4th quarter valued at about $2,953,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FNF. Stephens upped their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research note 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. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price on the stock in a research note on Tuesday, April 8th. Finally, 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 note on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $71.60.

Fidelity National Financial Stock Performance

FNF traded down $1.91 on Friday, hitting $57.83. 1,906,186 shares of the company's stock were exchanged, compared to its average volume of 1,130,281. The firm has a market cap of $15.88 billion, a PE ratio of 12.44 and a beta of 1.14. Fidelity National Financial, Inc. has a twelve month low of $47.79 and a twelve month high of $66.72. The stock has a fifty day moving average of $62.72 and a two-hundred day moving average of $60.38. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.35). The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. Fidelity National Financial's revenue was down 17.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 EPS. On average, 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 company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 16th will be paid a $0.50 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.46%. Fidelity National Financial's payout ratio is currently 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.