Illinois Municipal Retirement Fund Sells 48,763 Shares of Fidelity National Financial, Inc. $FNF

Illinois Municipal Retirement Fund lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 23.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 157,426 shares of the financial services provider’s stock after selling 48,763 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Fidelity National Financial were worth $9,523,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cibc World Market Inc. raised its holdings in Fidelity National Financial by 38.3% during the 3rd quarter. Cibc World Market Inc. now owns 12,367 shares of the financial services provider’s stock valued at $748,000 after buying an additional 3,422 shares during the last quarter. Krilogy Financial LLC purchased a new position in shares of Fidelity National Financial in the third quarter valued at about $615,000. MQS Management LLC purchased a new position in shares of Fidelity National Financial in the third quarter valued at about $257,000. Versor Investments LP raised its stake in shares of Fidelity National Financial by 257.8% during the third quarter. Versor Investments LP now owns 26,963 shares of the financial services provider’s stock valued at $1,631,000 after acquiring an additional 19,428 shares during the last quarter. Finally, Profund Advisors LLC boosted its holdings in shares of Fidelity National Financial by 8.5% during the third quarter. Profund Advisors LLC now owns 5,697 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 445 shares during the period. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 0.2%

NYSE FNF opened at $57.00 on Friday. The company has a quick ratio of 0.25, a current 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. The firm has a market capitalization of $16.02 billion, a PE ratio of 13.75, a P/E/G ratio of 0.72 and a beta of 0.98. The stock’s 50 day moving average is $55.28 and its 200 day moving average is $57.22.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 6,000 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $55.90, for a total transaction of $335,400.00. Following the sale, the director owned 13,186 shares in the company, valued at approximately $737,097.40. The trade was a 31.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel D. Lane sold 6,367 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 276,308 shares in the company, valued at $15,923,630.04. This represents a 2.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 5.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Stephens started coverage on Fidelity National Financial in a report on Friday, November 14th. They set an “overweight” rating on the stock. National Bank Financial set a $63.00 target price on Fidelity National Financial in a research note on Tuesday, January 6th. Barclays decreased their target price on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a report on Tuesday, January 6th. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Financial from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Fidelity National Financial in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.25.

Fidelity National Financial Profile

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.