Keith Meister, Corvex Capital Are Bullish on Fidelity National Financial Inc (FNF)

Keith Meister is bullish on Fidelity National Financial Inc (NYSE:FNF). According to a recent filing with the Securities and Exchange Commission, Meister has increased his fund’s holding of the stock to 18.2 million shares from 17.4 million shares previously reported. As a result, Corvex Capital’s current position accounts for 7.3% and is reportedly worth $475 million.

Fidelity National Information Services (NYSE:FIS)

Fidelity National Financial Inc (NYSE:FNF) has caught the attention of several hedge funds we track. During the third quarter of 2013, Jonathon Jacobson has increased his fund’s stake by 13%. In its latest 13F filing, Highfields Capital Management reported ownership of 7.2 million shares valued at $191 million. Jacobson’s optimism is shared by Lee Ainslie. His fund, Maverick Capital, increased its holding of Fidelity National Financial stock by 27% to 6.17 million shares valued at $164 million. Clint Carlson is not confident in the prospects of this company though. During Q3 he almost halved his fund’s stake. Carlson Capital holds 2.95 million shares reportedly worth $78 million.

Fidelity National Financial Inc (NYSE:FNF) offers insurance services in the United States. Since the start of the year the stock has advanced 25% to a current price of $30 per share. The company has a market cap of $6.89 billion and pays an annual dividend of $0.64, which represents a yield of 2.10%. The stock has a trailing Price to Earnings (P/E) ratio of 14.36 and a beta of 0.5, which makes it a fairly stable one.

During the third quarter of 2013 Fidelity National Financial recorded revenues of $2.17 billion, up 6.9% from the same period in 2012, and Earnings Per Share (EPS) of $0.43. For the current quarter, analysts expect the company to post $1.92 billion and earnings of $0.35 per share.

Disclosure: none

Recommended reading:

Carl Icahn Buys Some More Shares of Nuance Communications Inc. (NUAN)

Sprott Asset Management Ups Its stake in Avino Silver & Gold Mines Ltd (USA) (ASM)

Martin Whitman and Third Avenue Management Continue Dumping Bel Fuse Inc (BELFB) Shares

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

5 Best States for Golf Adventures

Top 15 Places To Visit Before You Die

10 Most Expensive Smartphones in the World

10 States with Lowest Physician Density

10 Top Reasons For Getting Fired

The 3 Best States to Start an LLC

10 Jobs That Allow You to Travel

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!