Korea Investment CORP boosted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 18.1% during the second quarter, Holdings Channel reports. The fund owned 157,855 shares of the financial services provider’s stock after buying an additional 24,155 shares during the period. Korea Investment CORP’s holdings in Fidelity National Financial were worth $7,077,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FNF. FTB Advisors Inc. raised its position in Fidelity National Financial by 234.3% in the first quarter. FTB Advisors Inc. now owns 3,891 shares of the financial services provider’s stock worth $159,000 after buying an additional 2,727 shares during the last quarter. Atria Investments LLC purchased a new position in Fidelity National Financial during the second quarter worth about $205,000. Probity Advisors Inc. purchased a new position in Fidelity National Financial during the second quarter worth about $213,000. Gilbert & Cook Inc. purchased a new position in Fidelity National Financial during the second quarter worth about $217,000. Finally, S&CO Inc. purchased a new position in Fidelity National Financial during the second quarter worth about $224,000. 83.22% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial, Inc. (NYSE:FNF) opened at 47.38 on Friday. The firm’s 50-day moving average is $46.23 and its 200-day moving average is $41.07. Fidelity National Financial, Inc. has a 1-year low of $31.64 and a 1-year high of $49.37. The firm has a market capitalization of $12.93 billion, a price-to-earnings ratio of 20.66 and a beta of 0.95.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. Fidelity National Financial had a net margin of 7.49% and a return on equity of 10.41%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The company’s revenue was up 7.2% on a year-over-year basis. On average, equities analysts anticipate that Fidelity National Financial, Inc. will post $2.55 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Thursday, September 14th. Fidelity National Financial’s dividend payout ratio is currently 43.67%.

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A number of research firms have issued reports on FNF. Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Wednesday, June 7th. Piper Jaffray Companies reissued a “buy” rating and set a $48.00 target price on shares of Fidelity National Financial in a research note on Friday, July 14th. Monness Crespi & Hardt boosted their target price on shares of Fidelity National Financial from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, May 15th. Barclays PLC boosted their target price on shares of Fidelity National Financial from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Monday, July 3rd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $38.00 target price on shares of Fidelity National Financial in a research note on Wednesday, April 19th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $46.60.

In other Fidelity National Financial news, insider Brent B. Bickett sold 58,896 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $44.77, for a total transaction of $2,636,773.92. Following the sale, the insider now owns 562,658 shares of the company’s stock, valued at approximately $25,190,198.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Peter T. Sadowski sold 133,215 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $47.53, for a total transaction of $6,331,708.95. Following the sale, the executive vice president now directly owns 89,575 shares in the company, valued at approximately $4,257,499.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 411,800 shares of company stock worth $18,218,120. Insiders own 5.00% of the company’s stock.

About Fidelity National Financial

Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.

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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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