Quantinno Capital Management LP Grows Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Quantinno Capital Management LP increased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 122.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 31,950 shares of the financial services provider's stock after purchasing an additional 17,613 shares during the period. Quantinno Capital Management LP's holdings in Fidelity National Financial were worth $1,794,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Fidelity National Financial during the fourth quarter worth $158,386,000. Invesco Ltd. lifted its stake in Fidelity National Financial by 53.3% during the 4th quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider's stock worth $123,490,000 after acquiring an additional 764,958 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Fidelity National Financial by 99.0% during the 4th quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider's stock valued at $80,689,000 after acquiring an additional 715,070 shares during the period. AQR Capital Management LLC boosted its holdings in Fidelity National Financial by 135.8% during 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 acquiring an additional 672,323 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Fidelity National Financial in the 4th quarter valued at about $33,103,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Analyst Upgrades and Downgrades

FNF has been the subject of several recent research reports. Stephens raised their price objective 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. Barclays raised their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective on the stock in a research report on Tuesday, April 8th. Finally, StockNews.com cut Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.60.

Fidelity National Financial Stock Down 4.0%

Shares of NYSE:FNF opened at $54.17 on Thursday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a fifty-two week low of $47.79 and a fifty-two week high of $66.72. The stock has a market cap of $14.88 billion, a price-to-earnings ratio of 11.65 and a beta of 1.14. The firm's 50 day moving average price is $61.78 and its 200 day moving average price is $60.21.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $1.13 by ($0.35). The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. Fidelity National Financial's revenue for the quarter was down 17.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 earnings per share. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm 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. This represents a $2.00 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Monday, June 16th. Fidelity National Financial's dividend payout ratio is presently 49.50%.

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.

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