Rhumbline Advisers Reduces Position in Fidelity National Financial, Inc. $FNF

Rhumbline Advisers decreased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 742,299 shares of the financial services provider’s stock after selling 17,031 shares during the quarter. Rhumbline Advisers owned about 0.27% of Fidelity National Financial worth $44,902,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Norges Bank purchased a new stake in Fidelity National Financial in the second quarter valued at approximately $189,685,000. First Trust Advisors LP lifted its stake in Fidelity National Financial by 252.4% during the second quarter. First Trust Advisors LP now owns 3,379,555 shares of the financial services provider’s stock worth $189,458,000 after purchasing an additional 2,420,421 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Fidelity National Financial by 368.3% in the 2nd quarter. Alliancebernstein L.P. now owns 1,770,685 shares of the financial services provider’s stock valued at $99,265,000 after buying an additional 1,392,560 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Fidelity National Financial by 44.7% during the second quarter. AQR Capital Management LLC now owns 2,883,135 shares of the financial services provider’s stock worth $161,629,000 after purchasing an additional 891,088 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Fidelity National Financial by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 27,755,047 shares of the financial services provider’s stock valued at $1,555,948,000 after purchasing an additional 580,133 shares during the period. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

FNF opened at $56.76 on Friday. The business’s 50 day moving average is $55.25 and its 200-day moving average is $57.22. The stock has a market cap of $15.96 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.72 and a beta of 0.98. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 6,000 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $55.90, for a total transaction of $335,400.00. Following the transaction, the director owned 13,186 shares in the company, valued at $737,097.40. This trade represents a 31.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel D. Lane sold 6,367 shares of Fidelity National Financial stock in a transaction on Monday, November 17th. The stock was sold at an average price of $57.63, for a total transaction of $366,930.21. Following the completion of the transaction, the director owned 276,308 shares in the company, valued at $15,923,630.04. This trade represents a 2.25% decrease in their position. The SEC filing for this sale provides additional information. 5.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FNF. Barclays decreased their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Monday, December 29th. Wall Street Zen lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 26th. National Bank Financial set a $63.00 price objective on shares of Fidelity National Financial in a report on Tuesday, January 6th. Finally, Stephens initiated coverage on Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating for the company. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.25.

About Fidelity National Financial

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.