Squarepoint Ops LLC Purchases 293,761 Shares of Fidelity National Financial, Inc. $FNF

Squarepoint Ops LLC increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 74.4% during the second quarter, HoldingsChannel reports. The firm owned 688,380 shares of the financial services provider’s stock after buying an additional 293,761 shares during the period. Squarepoint Ops LLC’s holdings in Fidelity National Financial were worth $32,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of FNF. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Fidelity National Financial during the 2nd quarter valued at about $25,000. Commonwealth Retirement Investments LLC purchased a new position in shares of Fidelity National Financial during the 4th quarter worth $28,000. Headlands Technologies LLC bought a new position in Fidelity National Financial in the 2nd quarter worth $32,000. Ancora Advisors LLC purchased a new position in Fidelity National Financial during the second quarter valued at $43,000. Finally, Markowski Investments purchased a new stake in Fidelity National Financial in the second quarter worth about $51,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

FNF has been the subject of a number of analyst reports. National Bank Financial set a $54.00 price objective on shares of Fidelity National Financial in a research note on Friday, August 7th. Keefe, Bruyette & Woods decreased their target price on Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Barclays increased their price objective on shares of Fidelity National Financial from $51.00 to $54.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Stephens reaffirmed an “overweight” rating and set a $55.00 target price on shares of Fidelity National Financial in a research note on Monday, August 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $56.00.

Fidelity National Financial Price Performance

FNF stock opened at $44.66 on Wednesday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12 month low of $42.78 and a 12 month high of $60.97. The stock has a market cap of $11.98 billion, a PE ratio of 15.77, a P/E/G ratio of 0.68 and a beta of 0.93. The company has a 50-day moving average price of $49.18 and a 200 day moving average price of $48.66.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. The firm had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 earnings per share. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, September 16th. Fidelity National Financial’s dividend payout ratio is presently 73.50%.

Insider Activity

In other news, EVP Peter Sadowski sold 69,196 shares of Fidelity National Financial stock in a transaction on Friday, June 26th. The stock was sold at an average price of $45.70, for a total value of $3,162,257.20. Following the transaction, the executive vice president directly owned 5,702 shares in the company, valued at approximately $260,581.40. This trade represents a 92.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.70% of the company’s stock.

Fidelity National Financial Company 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.