Qsemble Capital Management LP Takes $4.30 Million Position in Fidelity National Financial, Inc. $FNF

Qsemble Capital Management LP purchased a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 78,844 shares of the financial services provider’s stock, valued at approximately $4,304,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quent Capital LLC purchased a new stake in shares of Fidelity National Financial during the 3rd quarter valued at about $26,000. Canton Hathaway LLC purchased a new stake in shares of Fidelity National Financial during the 4th quarter valued at about $26,000. Atlantic Union Bankshares Corp increased its position in shares of Fidelity National Financial by 997.7% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 429 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Fidelity National Financial during the 2nd quarter valued at about $32,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Fidelity National Financial during the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Up 0.2%

Fidelity National Financial stock opened at $47.88 on Friday. The firm has a 50 day moving average of $48.21 and a 200 day moving average of $53.05. The firm has a market capitalization of $12.89 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 0.68 and a beta of 1.00. Fidelity National Financial, Inc. has a 12-month low of $42.78 and a 12-month high of $61.40. The company has a current ratio of 0.25, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the company posted $0.78 earnings per share. The company’s revenue was up 18.2% compared to the same quarter last year. As a group, research analysts predict that Fidelity National Financial, Inc. will post 5.4 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is 75.91%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FNF shares. Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Wall Street Zen lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. National Bank Financial set a $50.00 target price on shares of Fidelity National Financial in a report on Monday. Barclays reduced their target price on shares of Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, May 11th. Finally, Weiss Ratings lowered shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Two analysts have rated the stock with a Buy rating, two have assigned 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 target price of $56.25.

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.