Fidelity National Financial, Inc. $FNF Stock: Reinhart Partners LLC. Reduces Stake

Reinhart Partners LLC. trimmed its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 16.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,000 shares of the financial services provider’s stock after selling 17,663 shares during the quarter. Reinhart Partners LLC.’s holdings in Fidelity National Financial were worth $3,401,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FNF. Dimensional Fund Advisors LP boosted its position in Fidelity National Financial by 30.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,210,824 shares of the financial services provider’s stock valued at $195,287,000 after acquiring an additional 973,891 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Fidelity National Financial by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 2,529,383 shares of the financial services provider’s stock worth $117,313,000 after acquiring an additional 13,147 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Fidelity National Financial by 12.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,345,756 shares of the financial services provider’s stock worth $62,416,000 after acquiring an additional 144,966 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Fidelity National Financial by 20.2% during the 1st quarter. First Trust Advisors LP now owns 1,148,920 shares of the financial services provider’s stock worth $53,287,000 after purchasing an additional 192,854 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Fidelity National Financial by 70.3% during the 1st quarter. Hsbc Holdings PLC now owns 896,177 shares of the financial services provider’s stock worth $41,524,000 after purchasing an additional 369,908 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

FNF has been the topic of several analyst reports. Barclays cut their target price on Fidelity National Financial from $54.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Monday, October 5th. National Bank Financial set a $54.00 target price on shares of Fidelity National Financial in a research note on Friday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a research report on Tuesday, September 8th. Zacks Research upgraded shares of Fidelity National Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 26th. Finally, Stephens reaffirmed an “overweight” rating and issued a $55.00 price target on shares of Fidelity National Financial in a report on Monday, August 24th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $54.25.

Fidelity National Financial Stock Down 2.5%

Fidelity National Financial stock opened at $38.79 on Friday. The business’s 50-day simple moving average is $45.05 and its two-hundred day simple moving average is $47.36. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market cap of $10.40 billion, a PE ratio of 13.70, a PEG ratio of 0.59 and a beta of 0.94. Fidelity National Financial, Inc. has a fifty-two week low of $37.88 and a fifty-two week high of $60.37.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.08. Fidelity National Financial had a return on equity of 16.07% and a net margin of 5.03%. The firm had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the business posted $1.16 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. Equities analysts anticipate that Fidelity National Financial, Inc. will post 5.18 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $2.08 dividend on an annualized basis and a yield of 5.4%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 73.50%.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc (NYSE:FNF) is a leading provider of title insurance and transaction services in the United States. Through its title insurance companies, the company helps protect property owners and lenders against losses arising from defects in property titles and supports the closing of residential and commercial real estate transactions.

FNF operates a portfolio of well-known title brands, including Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.