Jane Street Group LLC Reduces Holdings in FNF Group of Fidelity National Financial, Inc. (NYSE:FNF)

Jane Street Group LLC decreased its position in FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) by 84.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,847 shares of the financial services provider’s stock after selling 37,102 shares during the quarter. Jane Street Group LLC’s holdings in FNF Group of Fidelity National Financial were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in FNF. Fiduciary Trust Co. acquired a new position in FNF Group of Fidelity National Financial during the 2nd quarter worth approximately $137,000. Northwestern Mutual Wealth Management Co. raised its position in shares of FNF Group of Fidelity National Financial by 3,739.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,417 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 3,328 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of FNF Group of Fidelity National Financial by 3.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,467 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 131 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of FNF Group of Fidelity National Financial in the 2nd quarter valued at approximately $210,000. Finally, Advisor Group Inc. raised its position in shares of FNF Group of Fidelity National Financial by 3.7% in the 2nd quarter. Advisor Group Inc. now owns 21,266 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 756 shares in the last quarter. 81.27% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on FNF shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $44.00 target price on shares of FNF Group of Fidelity National Financial in a research report on Monday, December 18th. ValuEngine raised FNF Group of Fidelity National Financial from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. SunTrust Banks reissued a “buy” rating and set a $41.00 price target on shares of FNF Group of Fidelity National Financial in a research report on Friday, October 20th. Zacks Investment Research upgraded FNF Group of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Friday, December 29th. Finally, Barclays set a $46.00 price objective on FNF Group of Fidelity National Financial and gave the stock a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $44.00.

Shares of FNF Group of Fidelity National Financial, Inc. (FNF) traded down $0.08 during mid-day trading on Friday, reaching $40.76. The company had a trading volume of 1,102,145 shares, compared to its average volume of 1,298,189. FNF Group of Fidelity National Financial, Inc. has a fifty-two week low of $33.91 and a fifty-two week high of $160.45. The company has a market capitalization of $11,180.00, a PE ratio of -582.29 and a beta of 0.69. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.85 and a quick ratio of 0.85.

FNF Group of Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.04. FNF Group of Fidelity National Financial had a return on equity of 11.05% and a net margin of 7.77%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the business posted $0.69 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. sell-side analysts expect that FNF Group of Fidelity National Financial, Inc. will post 2.47 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.65%. This is an increase from FNF Group of Fidelity National Financial’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, December 14th. FNF Group of Fidelity National Financial’s dividend payout ratio is currently -1,885.71%.

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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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