Reinhart Partners LLC. Has $10.24 Million Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Reinhart Partners LLC. decreased its position in Fidelity National Financial, Inc. (NYSE:FNF) by 7.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,282 shares of the financial services provider’s stock after selling 12,685 shares during the period. Reinhart Partners LLC. owned approximately 0.06% of Fidelity National Financial worth $10,236,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FNF. Diligent Investors LLC bought a new stake in Fidelity National Financial in the first quarter valued at $203,000. Apella Capital LLC bought a new stake in Fidelity National Financial in the first quarter valued at $225,000. Hennion & Walsh Asset Management Inc. increased its stake in Fidelity National Financial by 82.8% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 13,212 shares of the financial services provider’s stock valued at $860,000 after purchasing an additional 5,984 shares in the last quarter. Unigestion Holding SA bought a new stake in Fidelity National Financial in the first quarter valued at $1,078,000. Finally, Merit Financial Group LLC increased its stake in Fidelity National Financial by 162.7% in the first quarter. Merit Financial Group LLC now owns 13,378 shares of the financial services provider’s stock valued at $871,000 after purchasing an additional 8,286 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Trading Up 1.3%

NYSE:FNF opened at $54.71 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a 50-day moving average of $59.26 and a 200-day moving average of $59.70. The company has a market cap of $15.03 billion, a PE ratio of 11.77 and a beta of 1.14. Fidelity National Financial, Inc. has a one year low of $47.79 and a one year high of $66.72.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data 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). Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was down 17.3% on a year-over-year basis. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 16th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Monday, June 16th. Fidelity National Financial’s payout ratio is 49.50%.

Analyst Ratings Changes

Several equities research analysts have weighed in on FNF shares. Stephens lifted their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price target for the company in a research note on Tuesday, April 8th. Barclays boosted their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Finally, Wall Street Zen downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.60.

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.