Oakview Capital Management L.P. Trims Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Oakview Capital Management L.P. reduced its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 78.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,824 shares of the financial services provider’s stock after selling 89,575 shares during the quarter. Fidelity National Financial accounts for about 3.9% of Oakview Capital Management L.P.’s investment portfolio, making the stock its 14th largest holding. Oakview Capital Management L.P.’s holdings in Fidelity National Financial were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. KBC Group NV lifted its stake in Fidelity National Financial by 845.5% during the fourth quarter. KBC Group NV now owns 631,801 shares of the financial services provider’s stock worth $32,234,000 after purchasing an additional 564,980 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Fidelity National Financial by 673.6% during the first quarter. BNP Paribas Financial Markets now owns 666,900 shares of the financial services provider’s stock worth $35,412,000 after purchasing an additional 580,694 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Fidelity National Financial by 7.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 327,206 shares of the financial services provider’s stock worth $17,375,000 after purchasing an additional 23,358 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Fidelity National Financial by 49.0% during the first quarter. Advisors Asset Management Inc. now owns 39,644 shares of the financial services provider’s stock worth $2,105,000 after purchasing an additional 13,039 shares during the last quarter. Finally, Lloyd Advisory Services LLC. bought a new position in Fidelity National Financial during the first quarter worth $1,010,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FNF. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Truist Financial increased their target price on Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft increased their target price on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Stephens reaffirmed an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Finally, Keefe, Bruyette & Woods increased their target price on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $61.80.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the transaction, the director now directly owns 13,206 shares of the company’s stock, valued at $803,585.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial Price Performance

Shares of FNF opened at $61.10 on Friday. The firm has a market capitalization of $16.69 billion, a price-to-earnings ratio of 20.10 and a beta of 1.36. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. Fidelity National Financial, Inc. has a one year low of $37.10 and a one year high of $62.00. The stock’s fifty day moving average is $57.37 and its 200-day moving average is $52.87.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. Fidelity National Financial’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the business posted $1.01 earnings per share. Equities analysts anticipate that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Monday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is 63.16%.

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.