Penserra Capital Management LLC Sells 14,589 Shares of Fidelity National Financial, Inc. $FNF

Penserra Capital Management LLC reduced its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 72.9% during the third quarter, HoldingsChannel reports. The firm owned 5,419 shares of the financial services provider’s stock after selling 14,589 shares during the period. Penserra Capital Management LLC’s holdings in Fidelity National Financial were worth $327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC boosted its holdings in shares of Fidelity National Financial by 76.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 50,223 shares of the financial services provider’s stock valued at $3,038,000 after purchasing an additional 21,770 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Fidelity National Financial in the third quarter worth about $14,576,000. Federated Hermes Inc. lifted its position in shares of Fidelity National Financial by 13.4% in the second quarter. Federated Hermes Inc. now owns 165,517 shares of the financial services provider’s stock worth $9,279,000 after buying an additional 19,503 shares in the last quarter. Cooke & Bieler LP boosted its stake in Fidelity National Financial by 12.3% during the third quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock valued at $318,081,000 after buying an additional 574,189 shares during the last quarter. Finally, CWM LLC boosted its stake in Fidelity National Financial by 389.7% during the third quarter. CWM LLC now owns 120,505 shares of the financial services provider’s stock valued at $7,289,000 after buying an additional 95,895 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity at Fidelity National Financial

In other news, Director Daniel D. Lane sold 6,367 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 276,308 shares of the company’s stock, valued at approximately $15,923,630.04. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 value of $335,400.00. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.50% of the stock is owned by insiders.

Fidelity National Financial Trading Up 1.2%

Shares of FNF opened at $57.69 on Monday. The company’s fifty day simple moving average is $55.42 and its 200-day simple moving average is $57.22. The company has a market cap of $16.22 billion, a P/E ratio of 13.91, a P/E/G ratio of 0.73 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.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Monday, November 10th. The financial services provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.43 by $0.20. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. The company had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the firm posted $1.30 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. As a group, analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

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.