Illinois Municipal Retirement Fund Reduces Stake in 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 its most recent filing with the Securities & Exchange Commission. The institutional investor owned 157,426 shares of the financial services provider’s stock after selling 48,763 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.06% of Fidelity National Financial worth $9,523,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Exchange Traded Concepts LLC boosted its holdings in Fidelity National Financial by 76.5% in 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 period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Fidelity National Financial in the third quarter worth $14,576,000. Federated Hermes Inc. raised 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 period. Finally, CWM LLC grew its position 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 worth $7,289,000 after buying an additional 95,895 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $57.00 on Friday. The company has a market capitalization of $16.02 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 0.72 and a beta of 0.98. The business has a 50 day moving average of $55.28 and a 200 day moving average of $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. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72.

Insider Buying and Selling at Fidelity National Financial

In related news, Director Halim Dhanidina sold 6,000 shares of the 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 transaction, the director owned 13,186 shares of the company’s stock, valued at approximately $737,097.40. This trade represents a 31.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel D. Lane sold 6,367 shares of the business’s 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 sale, the director directly owned 276,308 shares of the company’s stock, valued at $15,923,630.04. This represents a 2.25% 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 currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. National Bank Financial set a $63.00 price target on Fidelity National Financial in a report on Tuesday, January 6th. 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 note on Monday, December 29th. Keefe, Bruyette & Woods boosted their price target on shares of 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, Stephens began coverage on shares of Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating on the stock. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.