November 29, 2016 - By Darrin Black · 0 Comments
Fidelity National Financial Inc (NYSE:FNF) institutional sentiment increased to 1.01 in 2016 Q2. Its up 0.16, from 0.85 in 2016Q1. The ratio is better, as 138 funds increased and started new positions, while 162 cut down and sold their stock positions in Fidelity National Financial Inc. The funds in our partner’s database now own: 227.93 million shares, up from 226.75 million shares in 2016Q1. Also, the number of funds holding Fidelity National Financial Inc in their top 10 positions was flat from 12 to 12 for the same number . Sold All: 36 Reduced: 126 Increased: 98 New Position: 40.
About 971,703 shares traded hands. FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) has risen 1.32% since April 26, 2016 and is uptrending. It has underperformed by 3.94% the S&P500.
Analysts await FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) to report earnings on February, 8. They expect $0.62 EPS, up 12.73% or $0.07 from last year’s $0.55 per share. FNF’s profit will be $170.23M for 13.13 P/E if the $0.62 EPS becomes a reality. After $0.69 actual EPS reported by FNF Group of Fidelity National Financial, Inc. for the previous quarter, Wall Street now forecasts -10.14% negative EPS growth.
According to Zacks Investment Research, “Fidelity National Title Group, Inc. is a leading provider of title insurance, specialty insurance and claims management services. FNT is one of the nation’s largest title insurance companies through its title insurance underwriters. FNT also provides flood insurance, personal lines insurance and home warranty insurance through it specialty insurance business. FNT also is a leading provider of outsourced claims management services to large corporate and public sector entities through its minority-owned subsidiary, Sedgwick CMS.”
Lionstone Capital Management Llc holds 11.41% of its portfolio in FNF Group of Fidelity National Financial, Inc. for 492,200 shares. Three Corner Global Investors Lp owns 828,400 shares or 10.67% of their US portfolio. Moreover, Corvex Management Lp has 9.49% invested in the company for 18.82 million shares. The New York-based Bloom Tree Partners Llc has invested 5.79% in the stock. Roystone Capital Management Lp, a New York-based fund reported 2.24 million shares.#img1#
Ratings analysis reveals 75% of Fidelity National Financial’s analysts are positive. Out of 4 Wall Street analysts rating Fidelity National Financial, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $39 while the high is $50. The stock’s average target of $42.20 is 29.61% above today’s ($32.56) share price. FNF was included in 8 notes of analysts from August 3, 2015. The firm has “Overweight” rating by Barclays Capital given on Friday, February 12. The firm has “Overweight” rating given on Friday, September 25 by Piper Jaffray. Monness Crespi & Hardt maintained the shares of FNF in a report on Friday, November 4 with “Buy” rating. Monness Crespi & Hardt maintained the stock with “Buy” rating in Monday, January 25 report. On Monday, July 18 the stock rating was downgraded by Wood to “Market Perform”.
Fidelity National Financial, Inc. (FNF), incorporated on May 24, 2005, is a holding company. The Firm is a well-known provider of title insurance, technology and transaction services to the real estate and mortgage industries. The Company’s divisions include Title, Black Knight, FNF Core Corporate and Other, Restaurant Group, and FNFV Corporate and Other. The Company’s business is organized into groups, including FNF Core Operations and FNF Ventures (FNFV). The Firm offers title insurance through its title insurance underwriters: Fidelity National Title Insurance Company, Chicago Title Insurance Company, Commonwealth Land Title Insurance Company, Alamo Title Insurance and National Title Insurance of New York Inc., which collectively issue more title insurance policies than any other title firm in the United States. The Company, through its subsidiary, ServiceLink Holdings, LLC (ServiceLink), provides mortgage transaction services, including title-related services and facilitation of production and management of mortgage loans. FNF also provides mortgage technology solutions, including MSP, a residential mortgage servicing technology platform in the United States, through its subsidiary, Black Knight Financial Services, Inc. (Black Knight). The Company, through its FNFV group, owns investment stakes in a number of entities, including American Blue Ribbon Holdings, LLC (ABRH), Ceridian HCM, Inc. and Fleetcor Technologies, Inc. (collectively Ceridian) and Digital Insurance, Inc. (Digital Insurance).
Another recent and important FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) news was published by Marketwatch.com which published an article titled: “Fidelity National Financial downgraded to market perform from outperform at …” on July 27, 2009.
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By Darrin Black