Beyond the Tech Giants: 35 Non-Tech AI Opportunities

25. Fidelity National Financial, Inc. (NYSE:FNF)

Number of Hedge Fund Holders: 33   

Fidelity National Financial, Inc. (NYSE:FNF) provides various insurance products in the United States. The company is slowly waking up to the potential of AI tools in the insurance business. In May this year, the company appointed Jason Nadeau as Chief Artificial Intelligence Officer, a role created to enhance AI-driven initiatives. Nadeau, previously Chief Digital Officer, has been tasked with maximizing the potential of AI to streamline business processes and improve customer experiences. AI plays a key role in automating tasks such as document classification, data extraction, and tracking customer preferences, which enhances operational efficiency.

Fidelity National Financial, Inc. (NYSE:FNF) is keenly followed on Wall Street. Keefe Bruyette recently raised the price target on the stock to $63 from $58 and kept a Market Perform rating, noting that lower insurance rates would likely spur an increase in refinance activity but the real opportunity for the title insurers would be in the event purchase volumes improve year-over-year, as the fee-per-file on residential purchase transactions were roughly 3-times that of refinance transactions.