Quantinno Capital Management LP Purchases 76,031 Shares of Fidelity National Financial, Inc. $FNF

Quantinno Capital Management LP boosted its position in Fidelity National Financial, Inc. (NYSE:FNF) by 29.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 337,391 shares of the financial services provider’s stock after purchasing an additional 76,031 shares during the period. Quantinno Capital Management LP’s holdings in Fidelity National Financial were worth $15,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Canton Hathaway LLC bought a new position in shares of Fidelity National Financial during the 4th quarter worth $26,000. Commonwealth Retirement Investments LLC purchased a new stake in Fidelity National Financial in the 4th quarter worth about $28,000. Headlands Technologies LLC bought a new stake in Fidelity National Financial in the 2nd quarter valued at about $32,000. Cary Street Partners Investment Advisory LLC raised its stake in Fidelity National Financial by 57.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 353 shares during the period. Finally, Torren Management LLC bought a new stake in Fidelity National Financial in the 4th quarter valued at about $57,000. 81.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FNF shares. Stephens cut their target price on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a research report on Thursday, June 11th. Barclays boosted their price target on shares of Fidelity National Financial from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Zacks Research downgraded shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $56.00.

Insiders Place Their Bets

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $45.70, for a total value of $3,162,257.20. Following the sale, the executive vice president directly owned 5,702 shares in the company, valued at $260,581.40. This represents a 92.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.70% of the company’s stock.

Fidelity National Financial Stock Up 0.1%

Shares of NYSE FNF opened at $51.67 on Monday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The company has a market cap of $13.91 billion, a P/E ratio of 18.88, a P/E/G ratio of 0.77 and a beta of 0.96. Fidelity National Financial, Inc. has a 52 week low of $42.78 and a 52 week high of $61.40. The business has a 50-day simple moving average of $48.71 and a two-hundred day simple moving average of $49.96.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. Research analysts anticipate that Fidelity National Financial, Inc. will post 5.11 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio is 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.