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Ken GriffinReduced
Citadel Advisors · Q2 2026
$9.17M
194.38K shares · 0.0% of portfolio
Fidelity National Financial, Inc.
Fidelity National Financial, Inc. (FNF) is listed on NYSE and classified in Insurance - Specialty, part of the Financial Services sector. It is headquartered in Jacksonville, United States and has 24,535 employees. The company is worth $11.1B and trades at 14.1x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $14.45B in fiscal 2025, up 5.6% from the year before. Net income was $602M. The share price is 29.2% below its 52-week high of $58.41. It pays a dividend yielding 5.03%, and has raised its annual dividend for 14 years in a row in our records. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $348.77M. In that quarter, 4 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -11.7% over 5Y.
today you would have $1,105.55▲ +10.6%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $54.59 | $54.14 | $49.20 | $36.28 | $48.38 | $36.25 | $42.05 | $29.15 | $36.38 | $22.74 | $23.21 | $23.06 | $17.87 | $12.97 | $8.77 | $7.53 | $7.41 | $9.77 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 5.0% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 10.6 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| FHNFirst Horizon Corp | $23.54 | 16.8x | 1.4x | 2.89% | 7.92% | $11.15B |
| RYANRYAN Specialty Holdings Inc | $44.49 | 62.7x | 10.6x | 1.17% | 22.09% | $11.4B |
| FRHCFreedom Holding Corp. | $167.49 | 68.4x | 6.7x | 0.00% | 10.68% | $10.68B |
| JEFJefferies Financial Group Inc. |
| P/E | 10.6x | 24.7x | 11.6x | 25.8x | 8.1x | 5.1x | 7.5x | 11.8x | 13.9x | — | — | — | 8.2x | 19.0x | 8.8x | 9.7x | 8.5x | 13.9x | — |
| P/S | 1.0x | 1.0x | 1.1x | 1.2x | 0.9x | 0.9x | 1.1x | 1.5x | 1.1x | 1.4x | — | — | 0.6x | 1.0x | 0.8x | 0.7x | 0.6x | 0.6x | 0.9x |
| P/B | 1.5x | 2.0x | 2.0x | 2.0x | 1.7x | 1.6x | 1.4x | 2.3x | 1.9x | 2.4x | — | — | 0.8x | 1.5x | 1.3x | 1.0x | 0.9x | 0.9x | 1.3x |
| EPS | $2.21 | $4.65 | $1.91 | $4.50 | $9.40 | $4.81 | $3.55 | $2.10 | — | — | — | $2.83 | $0.94 | $1.48 | $0.91 | $0.89 | $0.53 | -$0.47 |
| Dividend yield | 3.23% | 3.60% | 3.46% | 3.59% | 4.57% | 2.99% | 3.45% | 2.78% | 3.82% | 2.07% | 2.59% | 2.31% | 1.93% | 2.03% | 2.46% | 3.01% | 5.04% | 4.46% | 5.92% |
| Payout | 37.71% | 88.98% | 40.23% | 92.39% | 36.81% | 15.38% | 26.01% | 32.90% | 53.10% | — | — | — | 15.77% | 38.60% | 21.56% | 29.09% | 42.86% | 61.86% | — |
| Profit margin | 8.09% | 4.17% | 9.28% | 4.40% | 11.19% | 17.87% | 13.24% | 12.54% | 8.27% | 10.06% | 8.96% | 7.91% | 7.27% | 5.30% | 9.10% | 7.69% | 6.84% | 4.03% | -4.21% |
| ROE | 10.82% | 8.11% | 16.38% | 7.48% | 21.16% | 29.71% | 17.09% | 19.73% | 13.56% | 17.34% | 10.84% | 9.16% | 9.73% | 7.79% | 14.22% | 10.16% | 10.80% | 6.68% | -6.27% |
Median of the years shown; P/E years above 200x are left out.
Dividend growing 6.0% a year against a 8.9% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
5 methods answered, across 2 families.
Room for errors in the reported numbers.
+25.6% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $45.64 |
| 12.0x |
| 1.0x |
| 3.51% |
| 8.59% |
| $10.48B |
| UMBFUmb Financial Corp | $136.16 | 11.1x | 1.3x | 1.47% | 12.31% | $10.34B |
| FDSFactset Research Systems Inc | $335.45 | 22.0x | 5.9x | 1.38% | 25.48% | $11.93B |
