Reinhart Partners LLC. Sells 10,796 Shares of Fidelity National Financial, Inc. $FNF

Key Points

• Reinhart Partners LLC reduced its holdings in Fidelity National Financial by 6.9%, selling 10,796 shares to hold a total of 146,486 shares worth approximately $8,212,000.
• Barclays has lowered the target price for Fidelity National Financial from $67.00 to $65.00 while maintaining an "equal weight" rating, amid a consensus rating of "Moderate Buy" from analysts.
• Fidelity National Financial recently declared a quarterly dividend of $0.50, representing an annualized $2.00 dividend with a yield of 3.4%, set to be paid on September 30th.

Reinhart Partners LLC. reduced its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 6.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,486 shares of the financial services provider's stock after selling 10,796 shares during the quarter. Reinhart Partners LLC. owned approximately 0.05% of Fidelity National Financial worth $8,212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in FNF. Gilbert & Cook Inc. increased its position in Fidelity National Financial by 3.0% in the first quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider's stock worth $378,000 after buying an additional 168 shares during the period. Journey Strategic Wealth LLC grew its holdings in Fidelity National Financial by 1.2% in the 1st quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider's stock worth $943,000 after buying an additional 175 shares in the last quarter. Commerce Bank increased its position in Fidelity National Financial by 3.1% in the 1st quarter. Commerce Bank now owns 5,977 shares of the financial services provider's stock valued at $389,000 after acquiring an additional 177 shares during the period. Peddock Capital Advisors LLC raised its stake in 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 acquiring an additional 178 shares in the last quarter. Finally, Kaizen Financial Strategies grew its stake in shares of Fidelity National Financial by 4.8% in the first quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider's stock worth $269,000 after purchasing an additional 188 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Down 0.9%

NYSE FNF traded down $0.55 during trading on Friday, reaching $58.62. 3,547,160 shares of the company's stock were exchanged, compared to its average volume of 1,062,737. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72. The company's fifty day simple moving average is $58.33 and its 200-day simple moving average is $58.91. The firm has a market capitalization of $15.93 billion, a PE ratio of 14.88 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.40 by ($0.24). The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.Fidelity National Financial's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period last year, the company earned $1.24 earnings per share. Sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, September 16th. Fidelity National Financial's dividend payout ratio (DPR) is currently 50.76%.

Analyst Upgrades and Downgrades

Separately, Barclays cut 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 note on Tuesday, July 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $71.20.

Fidelity National Financial Company 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.