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. cut its holdings in shares of 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 (SEC). The fund owned 146,486 shares of the financial services provider's stock after selling 10,796 shares during the period. Reinhart Partners LLC. owned about 0.05% of Fidelity National Financial worth $8,212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Fidelity National Financial by 0.4% during the first quarter. Vanguard Group Inc. now owns 27,174,914 shares of the financial services provider's stock worth $1,768,543,000 after buying an additional 120,595 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Fidelity National Financial by 7.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider's stock worth $585,785,000 after buying an additional 588,113 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Fidelity National Financial by 1.5% during the first quarter. Victory Capital Management Inc. now owns 8,214,280 shares of the financial services provider's stock worth $534,585,000 after buying an additional 121,096 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Fidelity National Financial by 93.3% during the first quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider's stock worth $244,967,000 after buying an additional 1,817,124 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Fidelity National Financial during the first quarter worth $178,433,000. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Trading Down 0.9%

NYSE FNF traded down $0.55 on Friday, reaching $58.62. The company had a trading volume of 3,547,160 shares, compared to its average volume of 1,062,737. The firm has a market cap of $15.93 billion, a price-to-earnings ratio of 14.88 and a beta of 1.05. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72. The business has a 50 day moving average of $58.33 and a two-hundred day moving average of $58.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share 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 analyst estimates of $3.64 billion. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The business's revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.24 earnings per share. Analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Barclays lowered their price target on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, July 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.