Rafferty Asset Management LLC lessened its position in Fidelity National Financial, Inc. (NYSE:FNF) by 18.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,832 shares of the financial services provider’s stock after selling 8,787 shares during the quarter. Rafferty Asset Management LLC’s holdings in Fidelity National Financial were worth $1,741,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FNF. BlackRock Inc. increased its stake in Fidelity National Financial by 4,066.1% in the first quarter. BlackRock Inc. now owns 14,703,507 shares of the financial services provider’s stock valued at $572,554,000 after acquiring an additional 14,350,573 shares during the last quarter. Principal Financial Group Inc. increased its stake in Fidelity National Financial by 65.0% in the second quarter. Principal Financial Group Inc. now owns 17,770,127 shares of the financial services provider’s stock valued at $796,636,000 after acquiring an additional 7,000,057 shares during the last quarter. Victory Capital Management Inc. increased its stake in Fidelity National Financial by 1,675.0% in the second quarter. Victory Capital Management Inc. now owns 4,323,096 shares of the financial services provider’s stock valued at $193,805,000 after acquiring an additional 4,079,547 shares during the last quarter. Alliancebernstein L.P. increased its stake in Fidelity National Financial by 28.0% in the second quarter. Alliancebernstein L.P. now owns 5,965,608 shares of the financial services provider’s stock valued at $267,438,000 after acquiring an additional 1,303,871 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Fidelity National Financial by 4.3% in the first quarter. Vanguard Group Inc. now owns 21,623,652 shares of the financial services provider’s stock valued at $842,024,000 after acquiring an additional 884,191 shares during the last quarter. 82.09% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial, Inc. (FNF) opened at 47.39 on Friday. The company has a market capitalization of $12.93 billion, a PE ratio of 20.67 and a beta of 0.96. The stock’s 50 day moving average price is $47.70 and its 200-day moving average price is $43.24. Fidelity National Financial, Inc. has a 52 week low of $31.64 and a 52 week high of $49.37.

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

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

A number of research analysts recently commented on FNF shares. Zacks Investment Research cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Piper Jaffray Companies reissued a “buy” rating and issued a $48.00 target price on shares of Fidelity National Financial in a research note on Friday, July 14th. ValuEngine raised Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Barclays PLC increased their target price on Fidelity National Financial from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Monday, July 3rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.60.

In other news, EVP Peter T. Sadowski sold 133,215 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $47.53, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brent B. Bickett sold 58,896 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $44.77, for a total transaction of $2,636,773.92. Following the completion of the sale, the insider now owns 562,658 shares in the company, valued at $25,190,198.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 272,897 shares of company stock worth $12,863,333. Corporate insiders own 5.00% of the company’s stock.

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Fidelity National Financial Company 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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