Wells Fargo & Company MN lifted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,217,229 shares of the financial services provider’s stock after acquiring an additional 166,745 shares during the quarter. Wells Fargo & Company MN owned 1.55% of Fidelity National Financial worth $189,058,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in FNF. BlackRock Inc. boosted its stake in shares of Fidelity National Financial by 4,066.1% during the 1st quarter. BlackRock Inc. now owns 14,703,507 shares of the financial services provider’s stock worth $572,554,000 after acquiring an additional 14,350,573 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Fidelity National Financial by 65.0% during the 2nd quarter. Principal Financial Group Inc. now owns 17,770,127 shares of the financial services provider’s stock worth $796,636,000 after acquiring an additional 7,000,057 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Fidelity National Financial by 1,675.0% during the 2nd quarter. Victory Capital Management Inc. now owns 4,323,096 shares of the financial services provider’s stock worth $193,805,000 after acquiring an additional 4,079,547 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Fidelity National Financial by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 21,623,652 shares of the financial services provider’s stock worth $842,024,000 after acquiring an additional 884,191 shares in the last quarter. Finally, American Century Companies Inc. purchased a new stake in shares of Fidelity National Financial during the 1st quarter worth approximately $26,861,000. 84.89% of the stock is currently owned by institutional investors and hedge funds.

In other Fidelity National Financial news, insider Brent B. Bickett sold 58,896 shares of Fidelity National Financial stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $44.77, for a total value of $2,636,773.92. Following the transaction, the insider now owns 562,658 shares in the company, valued at $25,190,198.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Peter T. Sadowski sold 133,215 shares of Fidelity National Financial stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 89,575 shares in the company, valued at approximately $4,257,499.75. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.

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Several equities research analysts have recently commented on the company. Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Wednesday. ValuEngine raised Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $48.00 price target on shares of Fidelity National Financial in a research note on Friday, July 14th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $46.40.

Shares of Fidelity National Financial, Inc. (NYSE FNF) opened at 47.03 on Friday. The company has a 50-day moving average price of $47.65 and a 200-day moving average price of $42.68. The stock has a market cap of $12.83 billion, a price-to-earnings ratio of 20.51 and a beta of 0.96. Fidelity National Financial, Inc. has a 1-year low of $31.64 and a 1-year high of $49.37.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.03. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.14 billion. Fidelity National Financial had a net margin of 7.49% and a return on equity of 10.41%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 earnings per share. On average, equities analysts expect that Fidelity National Financial, Inc. will post $2.55 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.00 annualized dividend and a yield of 2.13%. Fidelity National Financial’s dividend payout ratio (DPR) is 43.67%.

Fidelity National Financial Profile

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.

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

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