Wedge Capital Management L L P NC lowered its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 1.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,825,708 shares of the financial services provider’s stock after selling 49,884 shares during the period. Fidelity National Financial makes up approximately 1.2% of Wedge Capital Management L L P NC’s portfolio, making the stock its 12th biggest holding. Wedge Capital Management L L P NC owned about 1.04% of Fidelity National Financial worth $134,108,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its position 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 buying an additional 7,000,057 shares in the last quarter. Victory Capital Management Inc. lifted its position 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 buying an additional 4,079,547 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Fidelity National Financial by 28.0% during the 2nd quarter. Alliancebernstein L.P. now owns 5,965,608 shares of the financial services provider’s stock worth $267,438,000 after buying an additional 1,303,871 shares in the last quarter. PointState Capital LP bought a new position in shares of Fidelity National Financial during the 2nd quarter worth approximately $33,981,000. Finally, Kempen Capital Management N.V. bought a new position in shares of Fidelity National Financial during the 2nd quarter worth approximately $24,082,000. Institutional investors and hedge funds own 81.83% of the company’s stock.

Several equities analysts have commented on FNF shares. Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Monday, July 24th. Piper Jaffray Companies reissued a “buy” rating and set a $48.00 target price on shares of Fidelity National Financial in a research report on Friday, July 14th. ValuEngine raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $41.00 target price on shares of Fidelity National Financial in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Fidelity National Financial has an average rating of “Buy” and a consensus price target of $44.17.

In related news, Director Janet Kerr sold 786 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $48.41, for a total value of $38,050.26. Following the sale, the director now owns 11,817 shares in the company, valued at $572,060.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brent B. Bickett sold 80,000 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $48.21, for a total transaction of $3,856,800.00. Following the completion of the sale, the insider now owns 584,367 shares in the company, valued at approximately $28,172,333.07. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. Fidelity National Financial had a net margin of 7.77% and a return on equity of 11.09%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the company posted $0.69 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis.

The business also recently announced 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 2.84%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.25. Fidelity National Financial’s dividend payout ratio (DPR) is currently 55.79%.

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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.

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

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