Pzena Investment Management LLC Sells 11,217 Shares of Fidelity National Financial, Inc. $FNF

Pzena Investment Management LLC cut its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 223,336 shares of the financial services provider’s stock after selling 11,217 shares during the period. Pzena Investment Management LLC’s holdings in Fidelity National Financial were worth $12,520,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Aberdeen Group plc grew its holdings in shares of Fidelity National Financial by 6.0% in the second quarter. Aberdeen Group plc now owns 147,842 shares of the financial services provider’s stock worth $8,288,000 after purchasing an additional 8,363 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Fidelity National Financial by 4,545.5% in the second quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 500 shares during the last quarter. Cyndeo Wealth Partners LLC grew its holdings in shares of Fidelity National Financial by 109.4% in the second quarter. Cyndeo Wealth Partners LLC now owns 7,759 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 4,054 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Fidelity National Financial by 3.3% in the second quarter. IFP Advisors Inc now owns 60,941 shares of the financial services provider’s stock worth $3,416,000 after purchasing an additional 1,952 shares during the last quarter. Finally, Blair William & Co. IL raised its holdings in shares of Fidelity National Financial by 0.7% in the second quarter. Blair William & Co. IL now owns 79,519 shares of the financial services provider’s stock valued at $4,458,000 after acquiring an additional 519 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Stock Up 0.6%

NYSE:FNF opened at $55.30 on Tuesday. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72. The stock has a market capitalization of $15.03 billion, a P/E ratio of 14.04 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. The company’s 50-day simple moving average is $59.23 and its 200-day simple moving average is $58.27.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The business had revenue of $3.17 billion for the quarter. On average, equities analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 50.76%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FNF. National Bankshares set a $64.00 price objective on Fidelity National Financial in a report on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Fidelity National Financial in a report on Wednesday, October 8th. Finally, Barclays restated a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.83.

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.