The WindAcre Partnership LLC has recently announced that it has increased stake in Fidelity National Financial Inc. (NYSE:FNF) by 29.52%. After grabbing 14.7 million shares, the institutional investor is now in possession of 3.35 million shares of the Financial Company. The new investment brought the stake of investor firm to 5.40% having worth around $575.91 million. Moreover, Brave Warrior Advisors LLC increased its share by 2379.0 to have a control over 9.09 million shares. And Cooke & Bieler LP raised its holdings to 0.32 million shares by acquiring 6.75 million shares or 2.48% of the stake.
Fidelity National Financial Inc. (FNF) concluded trading on 09/13/23 at a closing price of $42.62, with 3.02 million shares of worth about $128.7 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.46% during that period and on Wednesday the price saw a loss of about -0.07%. Currently the company’s common shares owned by public are about 270.00M shares, out of which, 257.51M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the FNF stock and their offered price forecasts bring an average price target of $48.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $52.00 and could fall to a lowest price of $45.00. The stock’s current price level is 11.67% above of average price target set by the analysts, while a rise to estimated low would result in gain of 5.29% for the stock. However, touching the estimated high of $52.00 would mean a gain of 18.04% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 34 times over the past 12 months. They bought 445,359 shares in 17 of the transactions. In 17 selling transactions, insiders dumped 120,310 shares.
Vanguard Total Stock Market ETF, iShares Tr. – Select Dividend ETF, and Vanguard Mid Cap Index Fund are the top 3 mutual funds which are holding stakes in Fidelity National Financial Inc. Vanguard Total Stock Market ETF is currently holding 8.05 million shares of worth totaling $315.34 million. The company recently came selling 4133.0 shares which brought its stake up to 2.96% of the company’s outstanding shares. Vanguard Mid Cap Index Fund, after selling 5.98 million shares, have now control over 2.20% of the stake in the company. It holds 10924.0 shares of worth $234.35 million.
Fidelity National Financial Inc. (NYSE: FNF) started trading at $42.74, above $0.09 from concluding price of the previous day. However, the stock later moved at a day high price of 42.80, or with a loss of -0.07%. Stock saw a price change of 0.76% in past 5 days and over the past one month there was a price change of 1.38%. Year-to-date (YTD), FNF shares are showing a performance of 13.29% which increased to 5.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.84 but also hit the highest price of $45.51 during that period. The average intraday trading volume for Fidelity National Financial Inc. shares is 1.34 million. The stock is currently trading 3.37% above its 20-day simple moving average (SMA20), while that difference is up 7.75% for SMA50 and it goes to 12.78% higher than SMA200.
The WindAcre Partnership LLC acquired 14.7 million shares of Fidelity National Financial Inc. having value of about $575.91 million. Data submitted at the U.S SEC by The WindAcre Partnership LLC revealed that the firm now holds 3.35 million shares in the company valued at close to $142815358.0, or have control over 29.52% stake in the company. Fidelity National Financial Inc. (NYSE: FNF) currently have 270.00M outstanding shares and institutions hold larger chunk of about 82.30% of that. Holding of mutual funds in the company is about 40.84% while other institutional holders and individual stake holders have control over 6.00% and 39.38% of the stake respectively.
The stock has a current market capitalization of $11.65B and its 3Y-monthly beta is at 1.35. PE ratio of stock for trailing 12 months is 22.54, while it has posted earnings per share of $1.89 in the same period. It has a debt-to-equity ratio of 0.59. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FNF, volatility over the week remained 2.11% while standing at 1.87% over the month.
Analysts are in expectations that Fidelity National Financial Inc. (FNF) stock would likely to be making an EPS of $1.15 in the current quarter, while forecast for next quarter EPS is $1.06 and it is $5.04 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.05 which is $1.22 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -51.20% while it is estimated to increase by 35.70% in next year. EPS is likely to shrink at an annualized rate of -11.03% for next 5-years, compared to annual growth of 22.00% made by the stock over the past 5-years.
Analysts at 6 brokerage firms have issued recommendations for the Fidelity National Financial Inc. (FNF)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 6 Wall Street analysts, 4 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BTIG Research on July 18, 2023 offering a Buy rating for the stock and assigned a target price of $47 to it.