AlphaQuest LLC Acquires 64,442 Shares of Fidelity National Financial, Inc. $FNF

AlphaQuest LLC grew its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 529.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,616 shares of the financial services provider’s stock after purchasing an additional 64,442 shares during the period. AlphaQuest LLC’s holdings in Fidelity National Financial were worth $4,182,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FNF. Windacre Partnership LLC raised its position in shares of Fidelity National Financial by 31.0% in the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after purchasing an additional 4,477,900 shares during the period. Alliancebernstein L.P. raised its position in shares of Fidelity National Financial by 167.8% in the third quarter. Alliancebernstein L.P. now owns 4,741,145 shares of the financial services provider’s stock valued at $286,792,000 after purchasing an additional 2,970,460 shares during the period. AQR Capital Management LLC raised its position in shares of Fidelity National Financial by 75.4% in the third quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock valued at $304,503,000 after purchasing an additional 2,174,220 shares during the period. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Fidelity National Financial in the fourth quarter valued at approximately $36,362,000. Finally, Cooke & Bieler LP raised its position in shares of Fidelity National Financial by 12.3% in the third quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock valued at $318,081,000 after purchasing an additional 574,189 shares during the period. Institutional investors own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FNF. National Bank Financial set a $50.00 price target on shares of Fidelity National Financial in a research report on Monday, May 11th. Weiss Ratings lowered shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Barclays decreased their target price on shares of Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. Finally, Wall Street Zen lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $56.25.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $48.65 on Tuesday. The company’s fifty day moving average price is $48.25 and its 200-day moving average price is $52.76. The firm has a market capitalization of $13.09 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 0.69 and a beta of 1.00. Fidelity National Financial, Inc. has a one year low of $42.78 and a one year high of $61.40. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). The company had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.Fidelity National Financial’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 EPS. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 5.4 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.3%. Fidelity National Financial’s dividend payout ratio is presently 75.91%.

Fidelity National Financial 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.