Jacobi Capital Management LLC Increases Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Jacobi Capital Management LLC lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 21.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,293 shares of the financial services provider’s stock after buying an additional 2,017 shares during the quarter. Jacobi Capital Management LLC’s holdings in Fidelity National Financial were worth $512,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. PGGM Investments lifted its stake in shares of Fidelity National Financial by 13.9% during the 3rd quarter. PGGM Investments now owns 167,227 shares of the financial services provider’s stock valued at $7,582,000 after buying an additional 20,402 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its stake in shares of Fidelity National Financial by 1.6% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 135,977 shares of the financial services provider’s stock valued at $5,909,000 after buying an additional 2,158 shares in the last quarter. Brave Warrior Advisors LLC purchased a new stake in shares of Fidelity National Financial during the 2nd quarter valued at approximately $273,217,000. State Street Corp lifted its stake in shares of Fidelity National Financial by 9.9% during the 2nd quarter. State Street Corp now owns 7,690,784 shares of the financial services provider’s stock valued at $334,241,000 after buying an additional 692,979 shares in the last quarter. Finally, Virginia Retirement Systems ET AL lifted its stake in shares of Fidelity National Financial by 83.7% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 614,500 shares of the financial services provider’s stock valued at $27,861,000 after buying an additional 279,900 shares in the last quarter. Institutional investors own 79.23% of the company’s stock.

Fidelity National Financial stock opened at $48.60 on Friday. The firm’s fifty day moving average price is $51.42 and its 200-day moving average price is $49.28. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.22 and a current ratio of 0.22. The stock has a market cap of $13.83 billion, a P/E ratio of 5.23 and a beta of 1.38. Fidelity National Financial, Inc. has a fifty-two week low of $35.72 and a fifty-two week high of $56.44.

In other news, Director Sandra Douglass Morgan sold 1,050 shares of the firm’s stock in a transaction on Tuesday, January 18th. The shares were sold at an average price of $55.33, for a total transaction of $58,096.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Raymond R. Quirk sold 100,000 shares of the firm’s stock in a transaction on Tuesday, December 14th. The shares were sold at an average price of $50.75, for a total transaction of $5,075,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,700 shares of company stock worth $5,923,318. Corporate insiders own 5.20% of the company’s stock.

A number of brokerages recently commented on FNF. Credit Suisse Group upped their price target on shares of Fidelity National Financial from $56.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, November 19th. Barclays increased their target price on shares of Fidelity National Financial from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Thursday, November 4th. Zacks Investment Research cut shares of Fidelity National Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 1st. Finally, BTIG Research began coverage on shares of Fidelity National Financial in a research note on Wednesday, February 2nd. They issued a “neutral” rating on the stock.

Fidelity National Financial Profile

Fidelity National Financial, Inc is engaged in the provision of title insurance and transaction services to real estate and mortgage industries. Its services include title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products; and technology and transaction services to the real estate and mortgage industries.

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