Pzena Investment Management LLC Cuts Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Pzena Investment Management LLC lowered its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 234,553 shares of the financial services provider's stock after selling 29,423 shares during the quarter. Pzena Investment Management LLC owned about 0.09% of Fidelity National Financial worth $15,265,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Peddock Capital Advisors LLC raised its position in shares of Fidelity National Financial by 3.2% during the 1st quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider's stock valued at $369,000 after buying an additional 178 shares in the last quarter. Kaizen Financial Strategies raised its position in shares of Fidelity National Financial by 4.8% during the 1st quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider's stock valued at $269,000 after buying an additional 188 shares in the last quarter. My Legacy Advisors LLC raised its position in shares of Fidelity National Financial by 2.3% during the 1st quarter. My Legacy Advisors LLC now owns 8,716 shares of the financial services provider's stock valued at $567,000 after buying an additional 197 shares in the last quarter. Private Trust Co. NA raised its position in shares of Fidelity National Financial by 38.7% during the 1st quarter. Private Trust Co. NA now owns 738 shares of the financial services provider's stock valued at $48,000 after buying an additional 206 shares in the last quarter. Finally, Xponance Inc. raised its position in shares of Fidelity National Financial by 0.6% during the 1st quarter. Xponance Inc. now owns 45,893 shares of the financial services provider's stock valued at $2,987,000 after buying an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Performance

Shares of NYSE FNF traded up $0.48 during midday trading on Friday, reaching $54.99. The company had a trading volume of 6,913,610 shares, compared to its average volume of 1,335,547. The business's 50-day simple moving average is $55.30 and its 200 day simple moving average is $58.75. The stock has a market cap of $15.10 billion, a P/E ratio of 13.61 and a beta of 1.02. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.13 by ($0.35). The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The company's quarterly revenue was down 17.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 EPS. On average, analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.64%. Fidelity National Financial's dividend payout ratio (DPR) is presently 49.50%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on FNF shares. Barclays reduced their price objective on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective on the stock in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.20.

Fidelity National Financial Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.