Squarepoint Ops LLC Has $32.46 Million Holdings in Fidelity National Financial, Inc. $FNF

Key Points

• Squarepoint Ops LLC increased its Fidelity National Financial stake by 74.4% in the second quarter, acquiring 293,761 additional shares and holding 688,380 shares worth approximately $32.46 million. Institutional investors collectively own 81.17% of FNF.
• FNF exceeded quarterly expectations, reporting $1.39 in EPS versus the $1.31 consensus estimate and $4.05 billion in revenue, up 11.4% year over year.
• The company declared a quarterly dividend of $0.52 per share, or $2.08 annualized, representing a 4.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $56.

Squarepoint Ops LLC grew its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 74.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 688,380 shares of the financial services provider's stock after buying an additional 293,761 shares during the quarter. Squarepoint Ops LLC owned 0.26% of Fidelity National Financial worth $32,464,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Baird Financial Group Inc. boosted its stake in shares of Fidelity National Financial by 2.6% during the second quarter. Baird Financial Group Inc. now owns 85,177 shares of the financial services provider's stock valued at $4,017,000 after purchasing an additional 2,137 shares in the last quarter. Allworth Financial LP boosted its holdings in Fidelity National Financial by 27.3% in the second quarter. Allworth Financial LP now owns 14,494 shares of the financial services provider's stock valued at $684,000 after acquiring an additional 3,109 shares during the last quarter. Arizona State Retirement System increased its position in Fidelity National Financial by 5.6% during the 2nd quarter. Arizona State Retirement System now owns 73,851 shares of the financial services provider's stock valued at $3,483,000 after purchasing an additional 3,891 shares during the period. Waverly Advisors LLC acquired a new position in shares of Fidelity National Financial in the 2nd quarter worth approximately $273,000. Finally, Nykredit A S acquired a new stake in shares of Fidelity National Financial during the second quarter worth $1,881,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FNF shares. Zacks Research upgraded shares of Fidelity National Financial from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 26th. Stephens reiterated an "overweight" rating and set a $55.00 price target on shares of Fidelity National Financial in a research note on Monday, August 24th. National Bank Financial set a $54.00 target price on Fidelity National Financial in a research report on Friday, August 7th. Barclays boosted their price target on shares of Fidelity National Financial from $51.00 to $54.00 and gave the stock an "equal weight" rating in a report on Friday, August 7th. Finally, Keefe, Bruyette & Woods cut their target price on Fidelity National Financial from $64.00 to $61.00 and set an "outperform" rating on the stock in a research note on Monday, August 10th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $56.00.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $44.66 on Wednesday. The business's 50-day moving average price is $49.18 and its two-hundred day moving average price is $48.66. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50. The stock has a market cap of $11.98 billion, a P/E ratio of 15.77, a PEG ratio of 0.68 and a beta of 0.93. Fidelity National Financial, Inc. has a twelve month low of $42.78 and a twelve month high of $60.97.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.31 by $0.08. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.79 billion. Fidelity National Financial had a return on equity of 16.07% and a net margin of 5.03%.The company's revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 EPS. As a group, equities analysts predict that Fidelity National Financial, Inc. will post 5.18 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, September 16th. Fidelity National Financial's dividend payout ratio (DPR) is 73.50%.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, EVP Peter Sadowski sold 69,196 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of the sale, the executive vice president owned 5,702 shares in the company, valued at approximately $260,581.40. This trade represents a 92.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 5.70% of the company's stock.

About Fidelity National Financial

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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