First Financial Corp IN Acquires Shares of 814 Fidelity National Financial Inc (NYSE:FNF)

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.

In related news, CFO Anthony Park sold 97,323 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $43.17, for a total value of $4,201,433.91. Following the completion of the transaction, the chief financial officer now directly owns 283,475 shares of the company’s stock, valued at $12,237,615.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Raymond R. Quirk sold 120,578 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $43.14, for a total value of $5,201,734.92. Following the completion of the transaction, the chief executive officer now directly owns 441,865 shares of the company’s stock, valued at $19,062,056.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 648,213 shares of company stock valued at $28,390,825. 6.20% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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