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

Oakview Capital Management L.P. trimmed its position in Fidelity National Financial, Inc. (NYSE:FNF) by 78.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,824 shares of the financial services provider’s stock after selling 89,575 shares during the period. Fidelity National Financial comprises about 3.9% of Oakview Capital Management L.P.’s investment portfolio, making the stock its 14th largest position. Oakview Capital Management L.P.’s holdings in Fidelity National Financial were worth $1,227,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FNF. Opal Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial during the 2nd quarter valued at about $26,000. V Square Quantitative Management LLC acquired a new position in shares of Fidelity National Financial during the 4th quarter valued at about $27,000. New Covenant Trust Company N.A. acquired a new position in shares of Fidelity National Financial during the 1st quarter valued at about $30,000. Mather Group LLC. acquired a new position in shares of Fidelity National Financial during the 1st quarter valued at about $31,000. Finally, Covestor Ltd increased its stake in shares of Fidelity National Financial by 109.0% during 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 during the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Stephens reaffirmed an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods increased their target price on shares of 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. Finally, Truist Financial increased their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $61.80.

Fidelity National Financial Stock Up 1.3 %

FNF opened at $61.10 on Friday. The firm has a 50 day moving average price of $57.37 and a 200 day moving average price of $52.87. The company has a market cap of $16.69 billion, a PE ratio of 20.10 and a beta of 1.36. Fidelity National Financial, Inc. has a 1 year low of $37.10 and a 1 year high of $62.00. 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 (NYSE:FNF) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.01 EPS. Sell-side analysts expect that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared 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. This represents a $1.92 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Monday, September 16th. Fidelity National Financial’s dividend payout ratio is presently 63.16%.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the transaction, the director now owns 13,206 shares in the company, valued at approximately $803,585.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.20% of the stock is owned by company insiders.

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.