Renaissance Technologies LLC Purchases 27,600 Shares of Fidelity National Financial, Inc. $FNF

Renaissance Technologies LLC lifted its position in Fidelity National Financial, Inc. (NYSE:FNF) by 18.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 176,409 shares of the financial services provider’s stock after purchasing an additional 27,600 shares during the period. Renaissance Technologies LLC’s holdings in Fidelity National Financial were worth $8,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Windacre Partnership LLC lifted its holdings in Fidelity National Financial by 31.0% in the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after acquiring an additional 4,477,900 shares during the period. State Street Corp increased its position in shares of Fidelity National Financial by 0.3% during the 3rd quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock valued at $572,782,000 after purchasing an additional 31,318 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Fidelity National Financial by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,353,982 shares of the financial services provider’s stock worth $510,634,000 after purchasing an additional 193,629 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Fidelity National Financial by 34.5% in the fourth quarter. AQR Capital Management LLC now owns 6,800,697 shares of the financial services provider’s stock worth $371,250,000 after buying an additional 1,743,342 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in Fidelity National Financial by 0.9% during the fourth quarter. First Eagle Investment Management LLC now owns 6,102,523 shares of the financial services provider’s stock valued at $333,137,000 after buying an additional 54,756 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

FNF has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. National Bank Financial set a $51.00 target price on Fidelity National Financial in a report on Tuesday, July 7th. Stephens lowered their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a research report on Thursday, June 11th. Finally, Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Two equities 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $56.00.

Insider Transactions at Fidelity National Financial

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 transaction of $3,162,257.20. Following the completion of the sale, the executive vice president directly owned 5,702 shares of the company’s stock, valued at $260,581.40. This trade represents a 92.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.70% of the stock is currently owned by company insiders.

Fidelity National Financial Trading Up 0.1%

Shares of FNF stock opened at $51.65 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a fifty day simple moving average of $48.77 and a two-hundred day simple moving average of $49.96. The firm has a market capitalization of $13.90 billion, a PE ratio of 18.88, a PEG ratio of 0.77 and a beta of 0.95. Fidelity National Financial, Inc. has a 52-week low of $42.78 and a 52-week high of $61.40.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 EPS 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 business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Fidelity National Financial’s revenue was up 18.2% on a year-over-year basis. On average, analysts predict that Fidelity National Financial, Inc. will post 5.11 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio is presently 75.91%.

About Fidelity National Financial

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.