Epoch Investment Partners Inc. Lowers Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Epoch Investment Partners Inc. trimmed its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 hedge funds have also modified their holdings of the company. KBC Group NV raised its position in Fidelity National Financial by 845.5% in the fourth quarter. KBC Group NV now owns 631,801 shares of the financial services provider’s stock worth $32,234,000 after acquiring an additional 564,980 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings 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 buying an additional 580,694 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position 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 buying an additional 23,358 shares during the period. Advisors Asset Management Inc. increased its holdings in Fidelity National Financial by 49.0% in the first quarter. Advisors Asset Management Inc. now owns 39,644 shares of the financial services provider’s stock valued at $2,105,000 after buying an additional 13,039 shares in the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Fidelity National Financial during the 1st quarter valued at approximately $1,010,000. 81.17% of the stock is 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 firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the sale, the director now directly owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FNF shares. Stephens restated an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Truist Financial upped 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. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price 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. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $61.80.

Fidelity National Financial Price Performance

NYSE:FNF opened at $60.94 on Tuesday. Fidelity National Financial, Inc. has a 12-month low of $37.10 and a 12-month high of $62.00. The firm has a market cap of $16.65 billion, a price-to-earnings ratio of 20.05 and a beta of 1.36. The company’s 50-day moving average is $56.99 and its two-hundred day moving average is $52.69. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data 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 firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 EPS. Research analysts expect that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Monday, September 16th. Fidelity National Financial’s dividend payout ratio is currently 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.