Fidelity National Financial, Inc. $FNF Stock: Reinhart Partners LLC. Decreases Holdings

Reinhart Partners LLC. trimmed its holdings in 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 SEC. The fund 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Kera Capital Partners Inc. raised its stake in shares of Fidelity National Financial by 6.1% during the 4th quarter. Kera Capital Partners Inc. now owns 3,946 shares of the financial services provider’s stock valued at $215,000 after buying an additional 228 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its stake in shares of Fidelity National Financial by 5.4% in the third quarter. Avidian Wealth Enterprises LLC now owns 5,255 shares of the financial services provider’s stock worth $203,000 after buying an additional 267 shares during the last quarter. Sage Rhino Capital LLC grew its holdings in Fidelity National Financial by 8.8% during the first quarter. Sage Rhino Capital LLC now owns 4,325 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 351 shares during the period. CWS Financial Advisors LLC raised its position in Fidelity National Financial by 4.7% during the first quarter. CWS Financial Advisors LLC now owns 8,048 shares of the financial services provider’s stock valued at $373,000 after acquiring an additional 361 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in Fidelity National Financial by 6.3% in the second quarter. Sequoia Financial Advisors LLC now owns 8,476 shares of the financial services provider’s stock valued at $400,000 after acquiring an additional 504 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Down 2.5%

Shares of FNF opened at $38.79 on Friday. The firm has a market cap of $10.40 billion, a P/E ratio of 13.70, a PEG ratio of 0.59 and a beta of 0.94. Fidelity National Financial, Inc. has a 12 month low of $37.88 and a 12 month high of $60.37. The stock’s 50 day moving average is $45.05 and its two-hundred day moving average is $47.36. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share 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 business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the prior year, the company posted $1.16 EPS. The business’s quarterly revenue was up 11.4% on a year-over-year basis. Analysts predict that Fidelity National Financial, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Wednesday, September 16th. Fidelity National Financial’s payout ratio is presently 73.50%.

Analyst Upgrades and Downgrades

FNF has been the topic of a number of analyst reports. Keefe, Bruyette & Woods dropped their price objective on shares of Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a research note on Tuesday, September 8th. Zacks Research raised shares of Fidelity National Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. Barclays dropped their price target on shares of Fidelity National Financial from $54.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Monday, October 5th. Finally, National Bank Financial set a $54.00 price objective on shares of Fidelity National Financial in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Fidelity National Financial has a consensus rating of “Hold” and an average price target of $54.25.

About Fidelity National Financial

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.