Quantbot Technologies LP Sells 33,148 Shares of Fidelity National Financial, Inc. $FNF

Key Points

• Quantbot Technologies LP cut its stake in Fidelity National Financial by 66.7%, selling 33,148 shares in the quarter and leaving it with 16,583 shares valued at about $1.003 million.
• FNF declared a quarterly dividend of $0.52 (annualized $2.08), a yield of 4.2%, though the company's dividend payout ratio is high at 97.65%.
• In the most recent quarter FNF reported EPS of $1.41, missing estimates by $0.10, while revenue of $4.05 billion beat expectations and rose 11.9% year‑over‑year.

Quantbot Technologies LP lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 66.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,583 shares of the financial services provider's stock after selling 33,148 shares during the period. Quantbot Technologies LP's holdings in Fidelity National Financial were worth $1,003,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Quent Capital LLC purchased a new stake in shares of Fidelity National Financial in the third quarter valued at $26,000. Elevation Point Wealth Partners LLC bought a new position in Fidelity National Financial during the 2nd quarter valued at about $29,000. Mather Group LLC. purchased a new stake in Fidelity National Financial in the 3rd quarter worth about $29,000. Atlantic Union Bankshares Corp lifted its stake in Fidelity National Financial by 997.7% in the third quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider's stock worth $29,000 after purchasing an additional 429 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Fidelity National Financial during the second quarter valued at approximately $32,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Price Performance

Shares of FNF opened at $50.11 on Friday. The company has a market capitalization of $13.59 billion, a P/E ratio of 23.58, a P/E/G ratio of 0.64 and a beta of 0.99. The business's 50-day moving average is $54.16 and its two-hundred day moving average is $56.62. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a fifty-two week low of $48.42 and a fifty-two week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.51 by ($0.10). Fidelity National Financial had a return on equity of 15.06% and a net margin of 4.17%.The firm had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $3.66 billion. During the same period last year, the company posted $1.34 earnings per share. The business's quarterly revenue was up 11.9% on a year-over-year basis. Research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.08 dividend on an annualized basis and a yield of 4.2%. Fidelity National Financial's dividend payout ratio (DPR) is currently 97.65%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Stephens assumed coverage on Fidelity National Financial in a research note on Friday, November 14th. They set an "overweight" rating for the company. Wall Street Zen downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Monday, January 26th. Weiss Ratings lowered shares of Fidelity National Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday. National Bank Financial set a $71.00 price target on shares of Fidelity National Financial in a report on Monday, February 23rd. Finally, Barclays decreased their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set an "equal weight" rating for the company in a report on Tuesday, January 6th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $68.33.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 6,000 shares of Fidelity National Financial stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $55.90, for a total value of $335,400.00. Following the sale, the director directly owned 13,186 shares in the company, valued at approximately $737,097.40. The trade was a 31.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 5.50% of the company's stock.

Fidelity National Financial Company Profile

Fidelity National Financial NYSE: FNF is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.

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