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

Penserra Capital Management LLC cut its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 72.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Islay Capital Management LLC lifted its stake in shares of Fidelity National Financial by 2.3% in the 2nd quarter. Islay Capital Management LLC now owns 8,865 shares of the financial services provider’s stock valued at $497,000 after acquiring an additional 200 shares during the last quarter. Burney Co. grew its position in 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 acquiring an additional 243 shares during the last quarter. Centennial Wealth Advisory LLC increased its stake in 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 position 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. boosted its stake 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 valued at $212,000 after purchasing an additional 277 shares during the period. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods lifted their target price 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. Stephens began coverage on shares of Fidelity National Financial in a research note on Friday, November 14th. They set an “overweight” rating for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidelity National Financial in a report on Monday, December 29th. Wall Street Zen downgraded 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 Fidelity National Financial in a research report 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $68.25.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 6,000 shares of Fidelity National Financial stock in a transaction dated 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 directly owned 13,186 shares of the company’s stock, valued at approximately $737,097.40. The trade was a 31.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel D. Lane sold 6,367 shares of the stock in a transaction that occurred 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. The trade was a 2.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.50% of the company’s stock.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $57.69 on Monday. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The stock has a market capitalization 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’s 50-day moving average is $55.42 and its 200 day 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.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Monday, November 10th. The financial services provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.20. Fidelity National Financial had a return on equity of 15.06% and a net margin of 8.34%.The business had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the previous year, the firm posted $1.30 EPS. The business’s revenue was up 11.9% on a year-over-year basis. On average, sell-side analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

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.