Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by NGAM Advisors LP

Ivan Schwartz
August 13, 2017

They now have a $26.00 price objective on the financial services provider's stock. Institutional investors own 83.22% of the company's stock. BNP Paribas Arbitrage SA now owns 10,474 shares of the financial services provider's stock valued at $198,000 after buying an additional 2,237 shares during the last quarter. As of quarter end Morgan Stanley had disposed of 434 shares trimming its stake by 17.6%. As of the end of the quarter Ejf Capital LLC had bought a total of 523,550 shares growing its holdings by 71.0%. Finally, Gotham Asset Management LLC raised its position in Fidelity National Financial by 1.6% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 33,896 shares of the financial services provider's stock valued at $639,000 after buying an additional 32,419 shares during the period. Gargoyle Investment Advisor L.L.C. raised its stake in shares of Ambac Financial Group by 6.2% in the first quarter. Evermore Global Advisors LLC now owns 964,587 shares of the financial services provider's stock worth $16,736,000 after buying an additional 247,634 shares in the last quarter. State Board of Administration of Florida Retirement System now owns 21,917 shares of the financial services provider's stock worth $493,000 after buying an additional 130 shares during the last quarter. The stock increased 1.11% or $0.22 during the last trading session, reaching $19.97. About shares traded. BofI Holding, Inc. (NYSE:FNF) opened at 47.06 on Friday. The firm's market cap is $893.25 million.

Fidelity National Financial has higher revenue, but lower earnings than Stewart Information Services Corporation. The firm has a 50-day moving average price of $18.70 and a 200-day moving average price of $19.03. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.22 by $0.32. Ambac Financial Group had a positive return on equity of 5.69% and a negative net margin of 16.39%.

The bond insurer posted revenue of $172.8 million in the period. During the same quarter previous year, the business posted $2.54 EPS. Analysts expect that Fidelity National Financial, Inc. will post $2.55 EPS for the current fiscal year. Company has far performed well this year, with the share price down -11.24% since January. Investors of record on Friday, September 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.12%. Citigroup maintained it with "Buy" rating and $127 target in Thursday, September 29 report. Fidelity National Financial's payout ratio is now 43.67%.

Fidelity National Financial, Inc (FNF) is a holding company.

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AMBC has been the subject of several recent analyst reports. The company now has a consensus rating of "Buy" and a consensus target price of $46.60. MKM Partners had a markedly different take on 19/12/2016, proposing that AMBC is now considered Sell versus prior Neutral rating. Zacks Investment Research upgraded shares of Fidelity National Financial from a "hold" rating to a "buy" rating and set a $49.00 price target on the stock in a report on Monday, June 19th. Finally, Keefe, Bruyette & Woods restated a "hold" rating and issued a $38.00 price target on shares of Fidelity National Financial in a report on Wednesday, April 19th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of "Buy" and a consensus target price of $46.60.

Accern also assigned news stories about the financial services provider an impact score of 48 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. The shares were bought at an average cost of $16.45 per share, with a total value of $123,375.00. The company had a trading volume of 519,456 shares. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The firm has "Neutral" rating by M Partners given on Friday, May 12. The shares were sold at an average price of $41.28, for a total value of $5,735,484.48.

In related news, CEO Claude Leblanc purchased 7,500 shares of the business's stock in a transaction on Thursday, May 18th. The disclosure for this sale can be found here. 1,025,023 shares of the stock were exchanged. TNB Financial now owns 5,608 shares of the financial services provider's stock worth $251,000 after buying an additional 58 shares in the last quarter. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services.

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