Millennium Management LLC Sells 21,690 Shares of FNF Group of Fidelity National Financial, Inc. (FNF)

Millennium Management LLC lowered its stake in shares of FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 505,304 shares of the financial services provider’s stock after selling 21,690 shares during the period. Millennium Management LLC owned 0.18% of FNF Group of Fidelity National Financial worth $19,828,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FNF. Victory Capital Management Inc. lifted its position in shares of FNF Group of Fidelity National Financial by 30.9% during the fourth quarter. Victory Capital Management Inc. now owns 6,151,941 shares of the financial services provider’s stock worth $241,402,000 after acquiring an additional 1,453,410 shares in the last quarter. BlackRock Inc. lifted its position in shares of FNF Group of Fidelity National Financial by 7.8% during the fourth quarter. BlackRock Inc. now owns 15,216,845 shares of the financial services provider’s stock worth $597,108,000 after acquiring an additional 1,100,840 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of FNF Group of Fidelity National Financial by 69.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,904,700 shares of the financial services provider’s stock worth $74,740,000 after acquiring an additional 779,800 shares in the last quarter. PGGM Investments increased its holdings in shares of FNF Group of Fidelity National Financial by 115.5% in the fourth quarter. PGGM Investments now owns 1,120,700 shares of the financial services provider’s stock worth $43,976,000 after purchasing an additional 600,728 shares during the period. Finally, Two Sigma Investments LP increased its holdings in shares of FNF Group of Fidelity National Financial by 630.9% in the fourth quarter. Two Sigma Investments LP now owns 630,404 shares of the financial services provider’s stock worth $24,737,000 after purchasing an additional 544,149 shares during the period. Hedge funds and other institutional investors own 82.96% of the company’s stock.

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Several research firms have recently weighed in on FNF. Zacks Investment Research cut shares of FNF Group of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine raised shares of FNF Group of Fidelity National Financial from a “hold” rating to a “buy” rating in a report on Wednesday. Stephens reaffirmed a “buy” rating and issued a $46.00 price target on shares of FNF Group of Fidelity National Financial in a report on Thursday, February 1st. Finally, Barclays set a $46.00 price target on shares of FNF Group of Fidelity National Financial and gave the stock a “buy” rating in a report on Friday, January 12th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $43.86.

FNF Group of Fidelity National Financial stock opened at $40.02 on Friday. The firm has a market capitalization of $10,983.04, a PE ratio of 16.14 and a beta of 0.84. FNF Group of Fidelity National Financial, Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $42.52. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.17.

FNF Group of Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.91 billion. FNF Group of Fidelity National Financial had a net margin of 8.13% and a return on equity of 11.71%. The business’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 earnings per share. sell-side analysts anticipate that FNF Group of Fidelity National Financial, Inc. will post 2.79 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were paid a $0.27 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $1.08 dividend on an annualized basis and a yield of 2.70%. FNF Group of Fidelity National Financial’s dividend payout ratio is presently 52.86%.

In related news, Director Daniel D. Lane sold 18,810 shares of the stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $41.38, for a total value of $778,357.80. Following the transaction, the director now owns 261,696 shares of the company’s stock, valued at $10,828,980.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.00% of the stock is owned by corporate insiders.

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FNF Group of Fidelity National Financial Profile

Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.

Institutional Ownership by Quarter for FNF Group of Fidelity National Financial (NYSE:FNF)

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