Hedge Funds Have Endorsed These Four Insurance Stocks

#3 FNF Group of Fidelity National Financial, Inc. (NYSE:FNF)

Investors with Long Positions (as of September 30): 47

Aggregate Value of Investors’ Holdings (as of September 30): $2.10 Billion

Next in line is FNF Group of Fidelity National Financial, Inc. (NYSE:FNF), whose stock inched down by 4% during the third quarter. The number of funds with long positions in the company remained unchanged during the same period, but smart money investors opted to reduce their exposure to the stock and the aggregate value of their holdings dropped by 15% during the third quarter.

The stock of FNF Group of Fidelity National Financial ended 2015 almost flat, but analysts see some potential upside, with the consensus price target on the stock amounting to $44.40. The company is scheduled to report its financial results for the fourth quarter on February 10, with the consensus EPS and revenue estimates currently amounting to $0.54 and $1.88 billion, respectively.

Among the funds we track, the largest stake is held by Keith Meister’s Corvex Capital, which reduced its stake by 6% to 19.37 million shares during the July-September period. Ricky Sandler’s Eminence Capital and Stephen Mandel’s Lone Pine Capital are two other investors bullish on Fidelity National Financial.