PGGM Investments acquired a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 519,972 shares of the financial services provider’s stock, valued at approximately $24,678,000. PGGM Investments owned approximately 0.19% of Fidelity National Financial at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Fidelity National Financial by 1.9% during the second quarter. Vanguard Group Inc. now owns 22,037,492 shares of the financial services provider’s stock valued at $987,941,000 after purchasing an additional 413,840 shares in the last quarter. Principal Financial Group Inc. raised 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 buying an additional 7,000,057 shares during the last quarter. Alliancebernstein L.P. raised 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 buying an additional 1,303,871 shares during the last quarter. State Street Corp raised its stake in Fidelity National Financial by 3.5% in the first quarter. State Street Corp now owns 5,895,407 shares of the financial services provider’s stock valued at $229,573,000 after buying an additional 198,219 shares during the last quarter. Finally, Victory Capital Management Inc. raised 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 buying an additional 4,079,547 shares during the last quarter. 82.13% of the stock is currently owned by institutional investors.

Shares of Fidelity National Financial, Inc. (NYSE:FNF) opened at 35.66 on Monday. Fidelity National Financial, Inc. has a 1-year low of $31.64 and a 1-year high of $49.37. The stock has a market capitalization of $9.73 billion, a PE ratio of 15.55 and a beta of 0.91. The firm has a 50-day moving average price of $34.38 and a 200-day moving average price of $32.30.

The company also recently announced a dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, October 2nd were issued a $30.66 dividend. The ex-dividend date of this dividend was Monday, October 2nd. Fidelity National Financial’s payout ratio is currently 56.77%.

In other Fidelity National Financial news, insider Brent B. Bickett sold 80,000 shares of the company’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 directly owns 584,367 shares of the company’s stock, valued at approximately $28,172,333.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Janet Kerr sold 786 shares of the company’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 directly owns 11,817 shares of the company’s stock, valued at $572,060.97. The disclosure for this sale can be found here. Insiders sold a total of 214,001 shares of company stock valued at $10,226,559 over the last three months. Company insiders own 5.00% of the company’s stock.

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A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Thursday, August 17th. Piper Jaffray Companies reiterated a “buy” rating and issued a $48.00 price target on shares of Fidelity National Financial in a research note on Friday, July 14th. Barclays PLC increased their price target 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. Finally, ValuEngine upgraded Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Fidelity National Financial has a consensus rating of “Buy” and an average price target of $45.67.

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.

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

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