Reinhart Partners Inc. Sells 11,968 Shares of Fidelity National Financial Inc (NYSE:FNF)
Reinhart Partners Inc. cut its position in shares of Fidelity National Financial Inc (NYSE:FNF) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 358,332 shares of the financial services provider’s stock after selling 11,968 shares during the quarter. Reinhart Partners Inc. owned approximately 0.13% of Fidelity National Financial worth $15,914,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its position in shares of Fidelity National Financial by 1,534.8% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 752 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 706 shares during the last quarter. First Financial Corp IN bought a new position in shares of Fidelity National Financial during the 3rd quarter valued at about $36,000. Griffin Asset Management Inc. bought a new position in shares of Fidelity National Financial during the 2nd quarter valued at about $36,000. Cutler Group LP increased its position in shares of Fidelity National Financial by 1,000.0% during the 2nd quarter. Cutler Group LP now owns 1,100 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Fidelity National Financial during the 2nd quarter valued at about $50,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.
Several brokerages have recently commented on FNF. Keefe, Bruyette & Woods lowered Fidelity National Financial from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $49.00 to $48.00 in a research report on Wednesday, October 9th. Zacks Investment Research upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Tuesday, October 8th. Finally, ValuEngine lowered Fidelity National Financial from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $46.54.
FNF traded up $0.20 on Friday, hitting $47.00. 1,012,204 shares of the company were exchanged, compared to its average volume of 1,208,142. The firm has a fifty day simple moving average of $45.05 and a two-hundred day simple moving average of $42.33. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.99 and a current ratio of 0.99. Fidelity National Financial Inc has a 12 month low of $29.50 and a 12 month high of $47.14. The stock has a market capitalization of $12.87 billion, a PE ratio of 17.41 and a beta of 0.83.
Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.22. Fidelity National Financial had a return on equity of 17.51% and a net margin of 9.82%. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the company earned $0.78 EPS. Fidelity National Financial’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts expect that Fidelity National Financial Inc will post 3.08 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.81%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Monday, December 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 45.93%.
Fidelity National Financial Profile
Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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