QRG Capital Management Inc. Trims Holdings in Fidelity National Financial, Inc. $FNF

QRG Capital Management Inc. decreased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 8.5% during the second quarter, HoldingsChannel.com reports. The firm owned 51,162 shares of the financial services provider’s stock after selling 4,747 shares during the period. QRG Capital Management Inc.’s holdings in Fidelity National Financial were worth $2,868,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Merit Financial Group LLC increased its position in shares of Fidelity National Financial by 162.7% during the first quarter. Merit Financial Group LLC now owns 13,378 shares of the financial services provider’s stock valued at $871,000 after buying an additional 8,286 shares during the period. UMB Bank n.a. increased its holdings in Fidelity National Financial by 93.1% during the 1st quarter. UMB Bank n.a. now owns 2,234 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 1,077 shares during the period. Farther Finance Advisors LLC lifted its stake in Fidelity National Financial by 81.3% in the 1st quarter. Farther Finance Advisors LLC now owns 5,833 shares of the financial services provider’s stock worth $385,000 after purchasing an additional 2,615 shares in the last quarter. Pallas Capital Advisors LLC boosted its holdings in Fidelity National Financial by 109.7% in the 1st quarter. Pallas Capital Advisors LLC now owns 12,241 shares of the financial services provider’s stock valued at $797,000 after purchasing an additional 6,405 shares during the period. Finally, Tounjian Advisory Partners LLC purchased a new position in shares of Fidelity National Financial during the 1st quarter valued at $1,064,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FNF shares. Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a research note on Monday. National Bankshares set a $64.00 price objective on Fidelity National Financial in a report on Monday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Fidelity National Financial in a research report on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.83.

Fidelity National Financial Trading Down 3.1%

Shares of FNF stock opened at $58.10 on Tuesday. The business has a 50-day moving average price of $59.34 and a two-hundred day moving average price of $58.59. Fidelity National Financial, Inc. has a 12-month low of $50.61 and a 12-month high of $66.72. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50. The firm has a market cap of $15.79 billion, a P/E ratio of 14.75 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.24). The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. Fidelity National Financial’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.24 earnings per share. Equities analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. Fidelity National Financial’s dividend payout ratio (DPR) is 50.76%.

About Fidelity National Financial

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.