First Financial Corp IN acquired a new stake in shares of Fidelity National Financial Inc (NYSE:FNF) in the third quarter, Holdings Channel reports. The fund acquired 814 shares of the financial services provider’s stock, valued at approximately $36,000.
A number of other hedge funds have also recently bought and sold shares of the business. Bowling Portfolio Management LLC acquired a new position in shares of Fidelity National Financial in the 3rd quarter valued at about $3,180,000. Fox Run Management L.L.C. acquired a new position in Fidelity National Financial in the third quarter worth approximately $330,000. Jaffetilchin Investment Partners LLC increased its holdings in Fidelity National Financial by 8.6% in the third quarter. Jaffetilchin Investment Partners LLC now owns 10,891 shares of the financial services provider’s stock worth $484,000 after buying an additional 861 shares during the last quarter. Cypress Capital Group acquired a new position in Fidelity National Financial in the third quarter worth approximately $296,000. Finally, Gradient Investments LLC acquired a new position in Fidelity National Financial in the third quarter worth approximately $237,000. 82.57% of the stock is owned by institutional investors.
Several equities analysts have commented on the company. ValuEngine downgraded Fidelity National Financial from a “hold” rating to a “sell” rating in a report on Friday, October 11th. Zacks Investment Research upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Tuesday, October 8th. Compass Point upgraded Fidelity National Financial from a “neutral” rating to a “buy” rating in a report on Monday, July 8th. Susquehanna Bancshares assumed coverage on Fidelity National Financial in a report on Wednesday, June 19th. They set a “positive” rating and a $48.00 price target on the stock. Finally, Keefe, Bruyette & Woods downgraded Fidelity National Financial from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $49.00 to $48.00 in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.54.
Shares of FNF stock opened at $44.73 on Thursday. Fidelity National Financial Inc has a 12 month low of $29.50 and a 12 month high of $45.40. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $44.21 and its two-hundred day moving average is $41.46. The company has a market cap of $12.29 billion, a PE ratio of 16.57 and a beta of 0.84.
Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.08. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Fidelity National Financial had a return on equity of 16.10% and a net margin of 9.84%. Fidelity National Financial’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 earnings per share. As a group, equities analysts expect that Fidelity National Financial Inc will post 2.89 EPS for the current fiscal year.
About Fidelity National Financial
Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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