Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. cut its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 17.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,967 shares of the financial services provider's stock after selling 35,120 shares during the quarter. Reinhart Partners LLC. owned 0.06% of Fidelity National Financial worth $9,542,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. TPG GP A LLC purchased a new stake in Fidelity National Financial during the 2nd quarter valued at $83,798,000. Charles Schwab Investment Management Inc. increased its position in Fidelity National Financial by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider's stock valued at $498,041,000 after acquiring an additional 289,962 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Fidelity National Financial in the third quarter valued at about $11,469,000. CWA Asset Management Group LLC bought a new position in Fidelity National Financial in the third quarter valued at about $11,100,000. Finally, Hsbc Holdings PLC grew its stake in shares of Fidelity National Financial by 18.7% during the 2nd quarter. Hsbc Holdings PLC now owns 774,931 shares of the financial services provider's stock valued at $38,334,000 after purchasing an additional 121,933 shares during the period. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

FNF traded up $0.12 during trading on Monday, reaching $54.37. 1,003,465 shares of the company's stock were exchanged, compared to its average volume of 1,027,438. The stock has a market capitalization of $14.88 billion, a P/E ratio of 19.77 and a beta of 1.38. The company's fifty day simple moving average is $59.24 and its 200-day simple moving average is $57.92. Fidelity National Financial, Inc. has a 1 year low of $46.85 and a 1 year high of $64.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). The company had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The company's revenue for the quarter was up 29.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.23 EPS. As a group, research analysts predict that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a $0.50 dividend. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.68%. Fidelity National Financial's dividend payout ratio (DPR) is 72.73%.

Analyst Ratings Changes

A number of research firms recently weighed in on FNF. Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a "hold" rating to a "buy" rating and boosted their price objective for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Barclays increased their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. Finally, Truist Financial upped their price target on Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Fidelity National Financial has a consensus rating of "Moderate Buy" and an average price target of $66.40.

Insider Activity

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the firm's stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now directly owns 32,386 shares in the company, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Halim Dhanidina sold 2,800 shares of the company's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company's stock.

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.