Envestnet Asset Management Inc. Sells 130,723 Shares of Fidelity National Financial, Inc. $FNF

Envestnet Asset Management Inc. cut its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 15.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 696,301 shares of the financial services provider’s stock after selling 130,723 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.26% of Fidelity National Financial worth $42,119,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FNF. Islay Capital Management LLC raised its position in Fidelity National Financial by 2.3% in the second quarter. Islay Capital Management LLC now owns 8,865 shares of the financial services provider’s stock worth $497,000 after acquiring an additional 200 shares during the period. Burney Co. increased its stake in shares of Fidelity National Financial by 1.4% during the 3rd quarter. Burney Co. now owns 17,406 shares of the financial services provider’s stock worth $1,053,000 after purchasing an additional 243 shares during the last quarter. Centennial Wealth Advisory LLC raised its holdings in shares of Fidelity National Financial by 5.7% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 4,579 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 248 shares during the period. Fisher Asset Management LLC lifted its stake in Fidelity National Financial by 7.7% in 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 last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Fidelity National Financial by 7.9% in the second quarter. Geneos Wealth Management Inc. now owns 3,781 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 277 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FNF has been the topic of several research reports. Barclays lowered 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fidelity National Financial in a report on Monday, December 29th. National Bankshares set a $63.00 target price on shares of Fidelity National Financial in a research report on Tuesday, January 6th. Stephens assumed coverage on shares of Fidelity National Financial in a research report on Friday, November 14th. They issued an “overweight” rating on the stock. Finally, Wall Street Zen downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $68.25.

Fidelity National Financial Price Performance

NYSE:FNF opened at $56.96 on Wednesday. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72. The stock has a fifty day moving average of $55.32 and a 200 day moving average of $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. The firm has a market capitalization of $16.01 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 0.71 and a beta of 0.98.

Insider Buying and Selling

In other Fidelity National Financial news, Director Halim Dhanidina sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $55.90, for a total value 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. The trade was a 31.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel D. Lane sold 6,367 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $57.63, for a total transaction of $366,930.21. Following the sale, the director owned 276,308 shares in the company, valued at approximately $15,923,630.04. This trade represents a 2.25% decrease in their position. The SEC filing for this sale provides additional information. 5.50% of the stock is owned by insiders.

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.