Capstone Asset Management Co. raised its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.8% during the second quarter, Holdings Channel reports. The firm owned 6,763 shares of the financial services provider’s stock after buying an additional 310 shares during the period. Capstone Asset Management Co.’s holdings in Fidelity National Financial were worth $303,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. 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 buying an additional 14,350,573 shares during the period. 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 buying an additional 884,191 shares during the period. American Century Companies Inc. acquired a new stake in Fidelity National Financial during the first quarter valued at approximately $26,861,000. Principal Financial Group Inc. increased its stake in Fidelity National Financial by 4.6% in the first quarter. Principal Financial Group Inc. now owns 10,770,070 shares of the financial services provider’s stock valued at $419,387,000 after buying an additional 471,866 shares during the period. Finally, Crestwood Advisors Group LLC acquired a new stake in Fidelity National Financial during the first quarter valued at approximately $18,238,000. 86.92% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial, Inc. (FNF) traded up 0.51% during midday trading on Monday, reaching $47.30. 355,074 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $46.31 and its 200-day moving average price is $41.16. The stock has a market cap of $12.91 billion, a PE ratio of 20.63 and a beta of 0.95. Fidelity National Financial, Inc. has a one year low of $31.64 and a one year high of $49.37.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 43.67%.

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FNF has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $38.00 price objective on shares of Fidelity National Financial in a report on Wednesday, April 19th. Monness Crespi & Hardt upped their price objective on shares of Fidelity National Financial from $42.00 to $45.00 and gave the company a “buy” rating in a report on Friday, May 5th. Barclays PLC upped their price objective on shares of Fidelity National Financial from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $48.00 price objective on shares of Fidelity National Financial in a report on Friday, July 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Fidelity National Financial presently has a consensus rating of “Buy” and a consensus price target of $46.60.

In related news, CFO Anthony Park sold 138,941 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $41.28, for a total transaction of $5,735,484.48. Following the completion of the sale, the chief financial officer now directly owns 228,280 shares in the company, valued at approximately $9,423,398.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brent B. Bickett sold 58,896 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $44.77, for a total value of $2,636,773.92. Following the sale, the insider now owns 562,658 shares of the company’s stock, valued at $25,190,198.66. The disclosure for this sale can be found here. Insiders have sold a total of 411,800 shares of company stock valued at $18,218,120 over the last 90 days. 5.00% of the stock is currently owned by company insiders.

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.

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

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