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3. Fidelity Nationwide Financial, Inc. (NYSE:FNF)
Amount of Hedge Fund Holders as of December 31: 40
Fidelity Nationwide Economic, Inc. (NYSE:FNF) is a Jacksonville, Florida-centered provider of title insurance and settlement products and services to the real estate and home loan industries. Scion Asset Administration initiated a place in Fidelity Countrywide Economical, Inc. (NYSE:FNF) in Q4 2021 by 325,000 shares bought at an regular quarterly cost of $49.7 for each share. The holding was fully sold off in Q1 2022.
Fidelity Countrywide Economical, Inc. (NYSE:FNF) has been a deeply cyclical inventory and is anticipated to remain so in the future. In April, Mark DeVries at Barclays reduced the selling price goal on Fidelity National Financial, Inc. (NYSE:FNF) from $74 to $73. The analyst shared that the prolonged refinance wave is possible to arrive to an abrupt end thanks to the mounting home loan premiums. This would adversely impression the profitability and valuations of organizations like Fidelity Nationwide Economical, Inc. (NYSE:FNF).
Total, 40 hedge money reported owning a stake in Fidelity Nationwide Economical, Inc. (NYSE:FNF), up from 32 in the preceding quarter.