AlphaQuest LLC Has $605,000 Position in Fidelity National Financial, Inc. $FNF

AlphaQuest LLC increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 19.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,792 shares of the financial services provider’s stock after acquiring an additional 1,761 shares during the quarter. AlphaQuest LLC’s holdings in Fidelity National Financial were worth $605,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FNF. Vanguard Group Inc. boosted its stake in Fidelity National Financial by 0.4% in the 1st 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. boosted its stake in Fidelity National Financial by 7.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider’s stock valued at $585,785,000 after purchasing an additional 588,113 shares during the period. Victory Capital Management Inc. boosted its stake in Fidelity National Financial by 1.5% in the 1st quarter. Victory Capital Management Inc. now owns 8,214,280 shares of the financial services provider’s stock valued at $534,585,000 after purchasing an additional 121,096 shares during the period. Millennium Management LLC boosted its stake in Fidelity National Financial by 93.3% in the 1st quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock valued at $244,967,000 after purchasing an additional 1,817,124 shares during the period. Finally, Nuveen LLC bought a new stake in Fidelity National Financial in the 1st quarter valued at $178,433,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

Shares of FNF stock opened at $56.97 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72. The company has a market cap of $15.48 billion, a P/E ratio of 14.46 and a beta of 1.05. The business has a fifty day simple moving average of $58.67 and a 200 day simple moving average of $57.88.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The business had revenue of $3.17 billion during the quarter. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio is currently 50.76%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FNF shares. Barclays restated a “cautious” rating on shares of Fidelity National Financial in a research note on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Fidelity National Financial in a research note on Wednesday, October 8th. Finally, National Bankshares set a $64.00 price target on Fidelity National Financial in a research note on Monday, October 6th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $69.83.

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.