Fidelity National Financial, Inc. $FNF Shares Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its stock holdings in Fidelity National Financial, acquiring an additional 72,512 shares, bringing its total to 206,652 shares, valued at approximately $13.4 million.
• Fidelity National Financial declared a quarterly dividend of $0.50 per share, with an annualized yield of 3.4%, payable on September 30th.
• Institutional investors own 81.17% of Fidelity National Financial, with several funds significantly increasing their stakes recently, highlighting growing confidence in the company.

Trexquant Investment LP grew its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 54.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 206,652 shares of the financial services provider's stock after purchasing an additional 72,512 shares during the quarter. Trexquant Investment LP owned approximately 0.08% of Fidelity National Financial worth $13,449,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Fidelity National Financial by 0.4% in the first quarter. Vanguard Group Inc. now owns 27,174,914 shares of the financial services provider's stock valued at $1,768,543,000 after purchasing an additional 120,595 shares during the period. Charles Schwab Investment Management Inc. raised its position in Fidelity National Financial by 7.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider's stock worth $585,785,000 after acquiring an additional 588,113 shares during the last quarter. Victory Capital Management Inc. raised its position in Fidelity National Financial by 1.5% during the first quarter. Victory Capital Management Inc. now owns 8,214,280 shares of the financial services provider's stock worth $534,585,000 after acquiring an additional 121,096 shares during the last quarter. Nuveen LLC acquired a new position in shares of Fidelity National Financial in the first quarter valued at approximately $178,433,000. Finally, Northern Trust Corp raised its position in shares of Fidelity National Financial by 19.9% in the fourth quarter. Northern Trust Corp now owns 2,515,286 shares of the financial services provider's stock valued at $141,208,000 after buying an additional 418,234 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Up 0.5%

NYSE FNF traded up $0.32 during trading hours on Monday, reaching $59.94. 984,600 shares of the company traded hands, compared to its average volume of 1,171,542. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $16.29 billion, a PE ratio of 15.21 and a beta of 1.05. The company has a 50 day moving average of $57.28 and a two-hundred day moving average of $59.02.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the company earned $1.24 earnings per share. The company's revenue was up 15.1% compared to the same quarter last year. As a group, equities analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share 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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, September 16th. Fidelity National Financial's dividend payout ratio (DPR) is presently 50.76%.

Wall Street Analysts Forecast Growth

Separately, Barclays dropped 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 analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $71.20.

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.