Highbridge Capital Management LLC bought a new stake in shares of FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 9,090 shares of the financial services provider’s stock, valued at approximately $431,000.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in shares of FNF Group of Fidelity National Financial by 65.0% during 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 period. Victory Capital Management Inc. boosted its holdings in shares of FNF Group of Fidelity National Financial by 1,675.0% during 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 period. Alliancebernstein L.P. boosted its holdings in shares of FNF Group of Fidelity National Financial by 28.0% during 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 period. PointState Capital LP acquired a new position in shares of FNF Group of Fidelity National Financial during the second quarter valued at $33,981,000. Finally, Kempen Capital Management N.V. acquired a new position in shares of FNF Group of Fidelity National Financial during the second quarter valued at $24,082,000. Hedge funds and other institutional investors own 81.37% of the company’s stock.

Several brokerages have recently issued reports on FNF. Zacks Investment Research downgraded shares of FNF Group of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. ValuEngine raised shares of FNF Group of Fidelity National Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $37.00 price target on shares of FNF Group of Fidelity National Financial in a report on Sunday, October 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $44.17.

In related news, Director Janet Kerr sold 786 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $48.41, for a total value of $38,050.26. Following the completion of the sale, the director now owns 11,817 shares of the company’s stock, valued at $572,060.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.00% of the company’s stock.

Shares of FNF Group of Fidelity National Financial, Inc. (NYSE FNF) opened at $39.52 on Monday. The firm has a market cap of $10,816.63, a PE ratio of 15.26 and a beta of 0.97. FNF Group of Fidelity National Financial, Inc. has a 1-year low of $24.18 and a 1-year high of $40.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.85 and a quick ratio of 0.85.

FNF Group of Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. FNF Group of Fidelity National Financial had a net margin of 7.77% and a return on equity of 11.05%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 earnings per share. analysts forecast that FNF Group of Fidelity National Financial, Inc. will post 2.41 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.08 annualized dividend and a yield of 2.73%. This is an increase from FNF Group of Fidelity National Financial’s previous quarterly dividend of $0.25. FNF Group of Fidelity National Financial’s dividend payout ratio is presently 56.65%.

TRADEMARK VIOLATION WARNING: This report was first published by Daily Political and is owned by of Daily Political. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.dailypolitical.com/2017/12/18/highbridge-capital-management-llc-buys-new-position-in-fnf-group-of-fidelity-national-financial-inc-fnf.html.

FNF Group of 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.

Want to see what other hedge funds are holding FNF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FNF Group of Fidelity National Financial, Inc. (NYSE:FNF).

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

Receive News & Ratings for FNF Group of Fidelity National Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FNF Group of Fidelity National Financial and related companies with MarketBeat.com's FREE daily email newsletter.