Rhumbline Advisers Has $38.07 Million Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Rhumbline Advisers cut its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 1.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 770,255 shares of the financial services provider’s stock after selling 8,240 shares during the quarter. Rhumbline Advisers’ holdings in Fidelity National Financial were worth $38,066,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in Fidelity National Financial in the 2nd quarter valued at $26,000. V Square Quantitative Management LLC acquired a new position in Fidelity National Financial in the 4th quarter valued at $27,000. New Covenant Trust Company N.A. acquired a new position in Fidelity National Financial in the 1st quarter valued at $30,000. Mather Group LLC. acquired a new position in Fidelity National Financial in the 1st quarter valued at $31,000. Finally, Covestor Ltd raised its holdings in Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 303 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FNF has been the subject of a number of research analyst reports. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Truist Financial boosted their price target on Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price target on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Stephens reissued an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Finally, Keefe, Bruyette & Woods boosted their price target on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Financial presently has an average rating of “Hold” and an average target price of $61.80.

Fidelity National Financial Price Performance

Shares of FNF opened at $58.99 on Friday. Fidelity National Financial, Inc. has a 12-month low of $37.10 and a 12-month high of $60.19. The business has a 50-day simple moving average of $54.48 and a two-hundred day simple moving average of $51.92. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. The stock has a market cap of $16.12 billion, a PE ratio of 19.40 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the previous year, the company earned $1.01 EPS. Fidelity National Financial’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts anticipate that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.48 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a yield of 3.25%. Fidelity National Financial’s payout ratio is presently 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.