Qsemble Capital Management LP Acquires Shares of 78,844 Fidelity National Financial, Inc. $FNF

Qsemble Capital Management LP acquired a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 78,844 shares of the financial services provider’s stock, valued at approximately $4,304,000.

A number of other institutional investors have also added to or reduced their stakes in FNF. Windacre Partnership LLC grew its holdings in Fidelity National Financial by 31.0% during the 3rd quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after buying an additional 4,477,900 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Fidelity National Financial by 167.8% in the third quarter. Alliancebernstein L.P. now owns 4,741,145 shares of the financial services provider’s stock valued at $286,792,000 after purchasing an additional 2,970,460 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Fidelity National Financial by 75.4% in the third quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock valued at $304,503,000 after purchasing an additional 2,174,220 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Fidelity National Financial in the fourth quarter valued at $36,362,000. Finally, Cooke & Bieler LP grew its holdings in shares of Fidelity National Financial by 12.3% in the third quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock valued at $318,081,000 after purchasing an additional 574,189 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Up 0.2%

NYSE FNF opened at $47.88 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The company has a fifty day moving average of $48.21 and a two-hundred 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 PEG ratio of 0.68 and a beta of 1.00. 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 posted 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). The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 earnings per share. On average, analysts predict that Fidelity National Financial, Inc. will post 5.4 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

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

Wall Street Analyst Weigh In

FNF has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Barclays cut 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. Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Stephens cut their target price on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Wall Street Zen lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Two 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 stock. According to data from MarketBeat, Fidelity National Financial presently has an average rating of “Hold” and a consensus price target of $56.25.

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.