Pegasus Partners Ltd. acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 76,949 shares of the financial services provider’s stock, valued at approximately $3,450,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FNF. FTB Advisors Inc. raised its position in shares of Fidelity National Financial by 234.3% in the first quarter. FTB Advisors Inc. now owns 3,891 shares of the financial services provider’s stock worth $159,000 after buying an additional 2,727 shares in the last quarter. Atria Investments LLC bought a new position in shares of Fidelity National Financial during the second quarter worth approximately $205,000. Probity Advisors Inc. bought a new position in shares of Fidelity National Financial during the second quarter worth approximately $213,000. Gilbert & Cook Inc. bought a new position in shares of Fidelity National Financial during the second quarter worth approximately $217,000. Finally, S&CO Inc. bought a new position in shares of Fidelity National Financial during the second quarter worth approximately $224,000. 86.92% of the stock is owned by institutional investors and hedge funds.

Shares of Fidelity National Financial, Inc. (NYSE:FNF) opened at 47.58 on Friday. The company has a 50-day moving average of $46.67 and a 200-day moving average of $41.54. Fidelity National Financial, Inc. has a 1-year low of $31.64 and a 1-year high of $49.37. The company has a market cap of $12.98 billion, a PE ratio of 20.75 and a beta of 0.95.

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 the consensus estimate of $0.72 by $0.03. Fidelity National Financial had a net margin of 7.49% and a return on equity of 10.41%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the previous year, the company earned $0.74 EPS. The business’s revenue was up 7.2% on a year-over-year basis. Equities analysts forecast that Fidelity National Financial, Inc. will post $2.55 EPS for the current year.

The firm also recently disclosed 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 2.10%. The ex-dividend date is Thursday, September 14th. Fidelity National Financial’s dividend payout ratio (DPR) is 43.67%.

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A number of brokerages have recently commented on FNF. Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Thursday. 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 research report on Monday, May 15th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $48.00 price objective on shares of Fidelity National Financial in a research report on Friday, July 14th. Finally, 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 research report on Monday, July 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Fidelity National Financial presently has an average rating of “Buy” and an average target price of $46.80.

In other Fidelity National Financial news, insider Brent B. Bickett sold 58,896 shares of Fidelity National Financial stock in a transaction dated 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 completion of the sale, the insider now owns 562,658 shares in the company, valued at approximately $25,190,198.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter T. Sadowski sold 133,215 shares of Fidelity National Financial stock in a transaction dated 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 sale, the executive vice president now owns 89,575 shares of the company’s stock, valued at approximately $4,257,499.75. The disclosure for this sale can be found here. Insiders sold a total of 272,859 shares of company stock valued at $12,482,636 in the last quarter. Corporate insiders own 5.00% of the company’s stock.

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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