Fidelity National Financial, Inc. $FNF Position Lessened by Reinhart Partners LLC.

Reinhart Partners LLC. decreased its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 25.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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.

Several other large investors have also recently added to or reduced their stakes in FNF. Canton Hathaway LLC acquired a new stake in Fidelity National Financial in the 4th quarter valued at approximately $26,000. Atlantic Union Bankshares Corp increased its position in 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 valued at $29,000 after acquiring an additional 429 shares during the period. Headlands Technologies LLC acquired a new stake in Fidelity National Financial in the 2nd quarter valued at approximately $32,000. Cary Street Partners Investment Advisory LLC increased its position in 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 valued at $53,000 after acquiring an additional 353 shares during the period. Finally, Torren Management LLC acquired a new stake in Fidelity National Financial in the 4th quarter valued at approximately $57,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on FNF shares. Keefe, Bruyette & Woods lowered their target price on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Stephens lowered their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Zacks Research cut Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Weiss Ratings cut Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Finally, National Bank Financial set a $50.00 target price on Fidelity National Financial in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial has a consensus rating of “Hold” and a consensus price target of $56.25.

Fidelity National Financial Stock Up 0.1%

Shares of FNF stock opened at $46.48 on Wednesday. Fidelity National Financial, Inc. has a 1 year low of $42.78 and a 1 year high of $61.40. 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’s fifty day moving average is $48.29 and its 200-day moving average is $52.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The firm had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the business posted $0.78 earnings per share. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. Equities analysts expect that Fidelity National Financial, Inc. will post 5.3 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

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

About Fidelity National Financial

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.