Quantbot Technologies LP Sells 29,522 Shares of Fidelity National Financial, Inc. $FNF

Key Points

• Quantbot Technologies LP has significantly reduced its position in Fidelity National Financial, Inc., cutting its holdings by 69.8% in the first quarter, leaving it with 12,787 shares valued at $832,000.
• In contrast, other hedge funds such as Pallas Capital Advisors LLC and Cambridge Investment Research Advisors Inc. have increased their stakes, with Pallas Capital boosting its holdings by 109.7%.
• Fidelity National Financial has declared a quarterly dividend of $0.50 per share, representing an annual yield of 3.3% and a payout ratio of 50.76%.

Quantbot Technologies LP reduced its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 69.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,787 shares of the financial services provider's stock after selling 29,522 shares during the quarter. Quantbot Technologies LP's holdings in Fidelity National Financial were worth $832,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC boosted its stake in Fidelity National Financial by 80.0% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider's stock valued at $30,000 after buying an additional 208 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in Fidelity National Financial in the first quarter valued at about $32,000. Capital Analysts LLC acquired a new stake in Fidelity National Financial in the fourth quarter valued at about $29,000. Synergy Investment Management LLC acquired a new stake in Fidelity National Financial in the first quarter valued at about $36,000. Finally, Olde Wealth Management LLC acquired a new stake in Fidelity National Financial in the first quarter valued at about $40,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Barclays reduced their price objective on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $71.20.

Fidelity National Financial Trading Up 0.5%

Shares of FNF stock traded up $0.32 during mid-day trading on Friday, reaching $59.94. 984,600 shares of the stock traded hands, compared to its average volume of 1,182,156. The stock's fifty day simple moving average is $57.20 and its two-hundred day simple moving average is $58.98. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72. The company has a market cap of $16.29 billion, a price-to-earnings ratio of 15.21 and a beta of 1.02. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50.

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

Fidelity National Financial Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, September 16th. Fidelity National Financial's dividend payout ratio (DPR) is presently 50.76%.

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.