XTX Topco Ltd Takes $3.17 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

XTX Topco Ltd bought a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 48,635 shares of the financial services provider's stock, valued at approximately $3,165,000.

Other hedge funds have also made changes to their positions in the company. Federated Hermes Inc. boosted its holdings in shares of Fidelity National Financial by 4.7% in the 1st quarter. Federated Hermes Inc. now owns 146,014 shares of the financial services provider's stock valued at $9,503,000 after buying an additional 6,608 shares during the period. Meeder Asset Management Inc. purchased a new position in Fidelity National Financial during the first quarter valued at approximately $70,000. Picton Mahoney Asset Management purchased a new position in Fidelity National Financial during the first quarter valued at approximately $1,127,000. Pinnacle Wealth Management Advisory Group LLC purchased a new position in Fidelity National Financial during the first quarter valued at approximately $203,000. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in Fidelity National Financial in the first quarter worth approximately $229,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FNF. Barclays decreased their price objective on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, July 8th. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Fidelity National Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.20.

Fidelity National Financial Stock Down 0.9%

FNF traded down $0.50 during trading on Wednesday, reaching $56.58. 1,282,397 shares of the stock were exchanged, compared to its average volume of 2,621,632. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. The stock's 50 day moving average price is $55.08 and its two-hundred day moving average price is $58.78. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72. The stock has a market cap of $15.54 billion, a P/E ratio of 14.00 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by ($0.35). The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The company's revenue was down 17.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. Equities analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 16th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Monday, June 16th. Fidelity National Financial's dividend payout ratio (DPR) is currently 49.50%.

Fidelity National Financial 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.