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

Pzena Investment Management LLC lessened its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 223,336 shares of the financial services provider’s stock after selling 11,217 shares during the period. Pzena Investment Management LLC owned about 0.08% of Fidelity National Financial worth $12,520,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Aberdeen Group plc lifted its stake in shares of Fidelity National Financial by 6.0% in the 2nd 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 period. Blue Trust Inc. lifted its stake in shares of Fidelity National Financial by 4,545.5% in the 2nd 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 period. Cyndeo Wealth Partners LLC lifted its stake in shares of Fidelity National Financial by 109.4% in the 2nd 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 period. IFP Advisors Inc lifted its stake in shares of Fidelity National Financial by 3.3% in the 2nd 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 period. Finally, Blair William & Co. IL lifted its stake in shares of Fidelity National Financial by 0.7% in the 2nd quarter. Blair William & Co. IL now owns 79,519 shares of the financial services provider’s stock worth $4,458,000 after purchasing an additional 519 shares during the period. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 0.6%

NYSE FNF opened at $55.30 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50. The company has a fifty day moving average of $59.23 and a two-hundred day moving average of $58.27. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 14.04 and a beta of 1.05. Fidelity National Financial, Inc. has a 52 week low of $50.61 and a 52 week high of $66.72.

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

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 16th. Fidelity National Financial’s payout ratio is presently 50.76%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. National Bankshares set a $64.00 price objective on shares of Fidelity National Financial in a research note on Monday, October 6th. Barclays reiterated a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Fidelity National Financial in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Fidelity National Financial presently has an average rating of “Moderate Buy” and an average target price of $69.83.

About Fidelity National Financial

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.