Renaissance Technologies LLC Buys New Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Renaissance Technologies LLC purchased a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,400 shares of the financial services provider’s stock, valued at approximately $1,305,000.

A number of other institutional investors also recently made changes to their positions in the stock. Opal Wealth Advisors LLC purchased a new stake in Fidelity National Financial in the 2nd quarter worth approximately $26,000. V Square Quantitative Management LLC purchased a new stake in Fidelity National Financial in the fourth quarter valued at approximately $27,000. New Covenant Trust Company N.A. purchased a new position in shares of Fidelity National Financial in the 1st quarter worth $30,000. Mather Group LLC. acquired a new position in shares of Fidelity National Financial in the 1st quarter valued at about $31,000. Finally, Covestor Ltd grew its stake in Fidelity National Financial by 109.0% during the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after buying an additional 303 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the transaction, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $60.21 on Friday. The stock has a market capitalization of $16.45 billion, a P/E ratio of 19.81 and a beta of 1.36. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. Fidelity National Financial, Inc. has a 1 year low of $37.10 and a 1 year high of $62.11. The firm has a 50 day moving average of $58.24 and a 200-day moving average of $53.35.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the firm posted $1.01 EPS. The business’s revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.48 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.92 annualized dividend and a dividend yield of 3.19%. Fidelity National Financial’s dividend payout ratio is presently 63.16%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods increased their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Truist Financial raised their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Stephens reaffirmed an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $61.80.

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.