Fidelity National Financial, Inc. $FNF Holdings Boosted by ProShare Advisors LLC

ProShare Advisors LLC raised its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 87.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,726 shares of the financial services provider’s stock after acquiring an additional 10,158 shares during the period. ProShare Advisors LLC’s holdings in Fidelity National Financial were worth $1,314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank bought a new stake in shares of Fidelity National Financial in the 2nd quarter worth approximately $189,685,000. First Trust Advisors LP increased its position in Fidelity National Financial by 252.4% in 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 buying an additional 2,420,421 shares during the period. Alliancebernstein L.P. lifted its stake in Fidelity National Financial by 368.3% in the second 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 during the last quarter. AQR Capital Management LLC grew its position 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 acquiring an additional 891,088 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Fidelity National Financial by 2.1% during the second quarter. Vanguard Group Inc. now owns 27,755,047 shares of the financial services provider’s stock worth $1,555,948,000 after acquiring an additional 580,133 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on FNF shares. Wall Street Zen lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Monday, December 29th. Keefe, Bruyette & Woods increased their price objective on Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Barclays cut their target price on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 6th. Finally, National Bank Financial set a $63.00 price target on Fidelity National Financial in a research note on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.25.

Fidelity National Financial Price Performance

NYSE FNF opened at $56.76 on Friday. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. The firm has a market capitalization of $15.96 billion, a PE ratio of 13.69, a P/E/G ratio of 0.72 and a beta of 0.98. The company’s 50 day simple moving average is $55.25 and its 200 day simple moving average is $57.22. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.25 and a quick ratio of 0.25.

Insider Buying and Selling at Fidelity National Financial

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

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.