Fidelity National Financial, Inc. $FNF Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. cut its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 25.1% during the 4th quarter, Holdings Channel reports. The firm owned 103,770 shares of the financial services provider’s stock after selling 34,793 shares during the period. Reinhart Partners LLC.’s holdings in Fidelity National Financial were worth $5,665,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Canton Hathaway LLC acquired a new position in shares of Fidelity National Financial in the 4th quarter worth $26,000. Atlantic Union Bankshares Corp grew its holdings in shares of Fidelity National Financial by 997.7% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 429 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Fidelity National Financial in the 2nd quarter worth $32,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Fidelity National Financial by 57.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 353 shares during the last quarter. Finally, Torren Management LLC acquired a new position in shares of Fidelity National Financial in the 4th quarter worth $57,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. National Bank Financial set a $50.00 target price on Fidelity National Financial in a report on Monday, May 11th. Barclays decreased their target price on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Zacks Research cut Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Weiss Ratings cut Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Finally, Stephens decreased their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.25.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $46.48 on Wednesday. The stock has a market cap of $12.51 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 0.67 and a beta of 0.96. The business has a fifty day simple moving average of $48.29 and a 200-day simple moving average of $52.44. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12 month low of $42.78 and a 12 month high of $61.40.

Fidelity National Financial (NYSE:FNF) last issued its earnings results 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 business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period last year, the business earned $0.78 EPS. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 5.3 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is 75.91%.

Fidelity National Financial 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.