Mark Cuban Stock Portfolio: 5 Stocks To Consider

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

Number of Hedge Fund Holders: 34 

Earlier this month, Barclays analyst Mark DeVries raised the price target on Fidelity National Financial, Inc. (NYSE:FNF) stock to $63 from $58, keeping an Overweight rating and noting the firm was “well positioned” to offset falling refinance demand. The firm recently announced that it had purchased a 30% stake in Freedom Equity Group, a financial services firm. Fidelity had earlier beat market expectations on earnings per share and revenue in the second quarter. 

As Mark Cuban touts the benefits of blockchain technology, several large banks like Fidelity National Financial, Inc. (NYSE:FNF) have started dealing in cryptocurrencies to keep with the times. Cuban believes this will help smoothen crypto prices in the long term. 

Among the hedge funds being tracked by Insider Monkey, Houston-based investment firm Windacre Partnership is a leading shareholder in Fidelity National Financial, Inc. (NYSE:FNF) with 10.8 million shares worth more than $470 million.

In its Q1 2021 investor letter, Merion Road Capital Management, an asset management firm, highlighted a few stocks and Fidelity National Financial, Inc. (NYSE:FNF) was one of them. Here is what the fund said:

“During the period I added to our position in Fidelity National Financial (“FNF”). FNF is the nation’s largest title insurer with 33% market share. It was built over the last 30 years by Bill Foley, who revolutionized the industry with his emphasis on eliminating bureaucracy, utilizing technology to streamline operations, and maximizing customer service. He is well-regarded as a savvy investor and consummate deal-maker having acquired and divested multiple entities both in title and ancillary fields. He continues to serve as the chairman of FNF with a personal stake in the company worth hundreds of millions.

While title insurance is technically insurance, it is a bit of a unique animal. Being that the insurer writes a policy based on past events, not unknowns in the future, losses are relatively small and predictable. The more data an insurer can analyze, the less likely they are to experience a claim; and the more efficiently they can analyze the data and process the application, the lower their costs will be. FNF has invested in automating its work stream through their ownership of NextAce (automated search), SoftPro (document production and closing), and multiple other cloud-based platforms. Due to these investments, FNF boasts industry leading margins and is able to attract more third party agents who can leverage their service offering…” (Click here to see the full text)

You can also take a peek at 10 Russell 2000 Basic Materials Dividend Stocks to Buy and 10 Utilities Stocks with Over 3% Dividend Yield.

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