Epoch Investment Partners Inc. Cuts Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Epoch Investment Partners Inc. lessened its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,820 shares of the financial services provider’s stock after selling 1,080 shares during the period. Epoch Investment Partners Inc.’s holdings in Fidelity National Financial were worth $1,128,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Fidelity National Financial by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock worth $1,427,102,000 after purchasing an additional 728,768 shares during the period. Windacre Partnership LLC lifted its position in Fidelity National Financial by 9.6% during the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock valued at $862,836,000 after buying an additional 1,424,767 shares in the last quarter. Victory Capital Management Inc. grew its stake in Fidelity National Financial by 8.5% during the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock worth $404,332,000 after buying an additional 640,829 shares during the period. Cooke & Bieler LP increased its position in shares of Fidelity National Financial by 3.2% in the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock worth $293,436,000 after acquiring an additional 184,078 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Fidelity National Financial by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider’s stock valued at $169,421,000 after acquiring an additional 77,118 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction that occurred on 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 owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. 5.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FNF. Deutsche Bank Aktiengesellschaft upped their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods upped 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. Truist Financial raised their target price on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” 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 research report on Thursday, August 15th. Finally, StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $61.80.

Fidelity National Financial Price Performance

FNF stock opened at $60.94 on Tuesday. The stock’s 50 day moving average is $56.99 and its two-hundred day moving average is $52.69. Fidelity National Financial, Inc. has a 52-week low of $37.10 and a 52-week high of $62.00. The company has a market capitalization of $16.65 billion, a PE ratio of 20.05 and a beta of 1.36. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.03). The company had revenue of $3.16 billion during 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%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 earnings per share. Analysts predict that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a yield of 3.15%. Fidelity National Financial’s dividend payout ratio (DPR) is 63.16%.

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.