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

QRG Capital Management Inc. lowered its position in Fidelity National Financial, Inc. (NYSE:FNF) by 74.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,235 shares of the financial services provider’s stock after selling 37,927 shares during the quarter. QRG Capital Management Inc.’s holdings in Fidelity National Financial were worth $801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Quent Capital LLC purchased a new stake in shares of Fidelity National Financial in the 3rd quarter valued at $26,000. Blue Trust Inc. boosted its position in Fidelity National Financial by 4,545.5% during the second quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock valued at $29,000 after buying an additional 500 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in Fidelity National Financial during the second quarter valued at about $29,000. Mather Group LLC. purchased a new position in shares of Fidelity National Financial in the third quarter worth about $29,000. Finally, Headlands Technologies LLC purchased a new position in shares of Fidelity National Financial in the second quarter worth about $32,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Up 3.2%

Shares of Fidelity National Financial stock opened at $53.99 on Thursday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 12-month low of $50.61 and a 12-month high of $66.72. The company has a market cap of $15.18 billion, a P/E ratio of 13.02 and a beta of 1.00. The company’s fifty day simple moving average is $56.22 and its two-hundred day simple moving average is $57.14.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Monday, November 10th. The financial services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. The firm had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. Research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s payout ratio is presently 50.12%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FNF. Weiss Ratings restated a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Monday, December 29th. Keefe, Bruyette & Woods raised their target price on shares of Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. National Bankshares set a $63.00 price target on shares of Fidelity National Financial in a report on Tuesday, January 6th. Stephens assumed coverage on shares of Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating for the company. Finally, Barclays decreased their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $68.25.

Insider Buying and Selling

In other news, Director Daniel D. Lane sold 6,367 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $57.63, for a total value of $366,930.21. Following the completion of the transaction, the director owned 276,308 shares of the company’s stock, valued at approximately $15,923,630.04. This represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Halim Dhanidina sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $55.90, for a total value of $335,400.00. Following the completion of the transaction, the director owned 13,186 shares of the company’s stock, valued at approximately $737,097.40. The trade was a 31.27% decrease in their position. The SEC filing for this sale provides additional information. 5.50% of the stock is currently owned by corporate insiders.

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.