ProShare Advisors LLC Grows Stake in Fidelity National Financial, Inc. $FNF

ProShare Advisors LLC lifted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 87.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,726 shares of the financial services provider’s stock after buying 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 large investors have also modified their holdings of FNF. Islay Capital Management LLC raised its holdings in shares of Fidelity National Financial by 2.3% during the 2nd quarter. Islay Capital Management LLC now owns 8,865 shares of the financial services provider’s stock valued at $497,000 after buying an additional 200 shares during the period. Burney Co. grew its position in Fidelity National Financial by 1.4% in the third quarter. Burney Co. now owns 17,406 shares of the financial services provider’s stock valued at $1,053,000 after acquiring an additional 243 shares in the last quarter. Centennial Wealth Advisory LLC grew its position in Fidelity National Financial by 5.7% in the third quarter. Centennial Wealth Advisory LLC now owns 4,579 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 248 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Fidelity National Financial by 7.7% during the second quarter. Fisher Asset Management LLC now owns 3,633 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 260 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of Fidelity National Financial by 7.9% during the second quarter. Geneos Wealth Management Inc. now owns 3,781 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 277 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $56.76 on Friday. The stock has a market capitalization of $15.96 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 0.72 and a beta of 0.98. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72. 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 quick ratio of 0.25 and a current ratio of 0.25.

Insider Activity at Fidelity National Financial

In other news, Director Halim Dhanidina sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $55.90, for a total value of $335,400.00. Following the completion of the sale, the director directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel D. Lane sold 6,367 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $57.63, for a total value of $366,930.21. Following the sale, the director directly owned 276,308 shares in the company, valued at approximately $15,923,630.04. This represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.50% of the company’s stock.

Analysts Set New Price Targets

FNF has been the subject of several analyst reports. Stephens initiated coverage on shares of Fidelity National Financial in a research note on Friday, November 14th. They issued an “overweight” rating for the company. Wall Street Zen cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Monday, December 29th. Keefe, Bruyette & Woods boosted their price target on Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Finally, Barclays lowered their price objective on 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. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.