AlphaQuest LLC Raises Position in Fidelity National Financial, Inc. $FNF

Key Points

• AlphaQuest LLC increased its holdings in Fidelity National Financial by 303.9% in the 1st quarter, owning 9,031 shares worth approximately $588,000.
• Fidelity National Financial recently reported an EPS of $1.16 for the quarter, falling short of analysts' expectations, while its revenue was $3.64 billion, a 15.1% year-over-year increase.
• The company announced a quarterly dividend of $0.50 per share, with a 3.3% dividend yield, to be paid on September 30th.

AlphaQuest LLC boosted its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 303.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,031 shares of the financial services provider's stock after purchasing an additional 6,795 shares during the quarter. AlphaQuest LLC's holdings in Fidelity National Financial were worth $588,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Gilbert & Cook Inc. grew its holdings in Fidelity National Financial by 3.0% in the first quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider's stock worth $378,000 after purchasing an additional 168 shares during the period. Journey Strategic Wealth LLC grew its holdings in Fidelity National Financial by 1.2% in the first quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider's stock worth $943,000 after purchasing an additional 175 shares during the period. Commerce Bank grew its holdings in Fidelity National Financial by 3.1% in the first quarter. Commerce Bank now owns 5,977 shares of the financial services provider's stock worth $389,000 after purchasing an additional 177 shares during the period. Peddock Capital Advisors LLC grew its holdings in Fidelity National Financial by 3.2% in the first quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider's stock worth $369,000 after purchasing an additional 178 shares during the period. Finally, Kaizen Financial Strategies grew its holdings in Fidelity National Financial by 4.8% in the first quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider's stock worth $269,000 after purchasing an additional 188 shares during the period. Hedge funds and other institutional investors own 81.17% of the company's stock.

Analyst Ratings Changes

Separately, Barclays reduced their price target on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.20.

Fidelity National Financial Stock Performance

Shares of FNF stock traded up $0.32 on Friday, reaching $59.94. The stock had a trading volume of 984,600 shares, compared to its average volume of 1,182,156. The stock has a market cap of $16.29 billion, a P/E ratio of 15.21 and a beta of 1.02. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. The company has a 50 day simple moving average of $57.20 and a 200 day simple moving average of $58.98.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.40 by ($0.24). The firm had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The business's quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the business earned $1.24 earnings per share. Equities research analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, September 16th. Fidelity National Financial's dividend payout ratio (DPR) is currently 50.76%.

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.