BlackRock Fund Advisors has recently announced that it has increased stake in Fidelity National Financial Inc. (NYSE:FNF) by 8.43%. After grabbing 19.65 million shares, the institutional investor is now in possession of 1.53 million shares of the Financial Company. The new investment brought the stake of investor firm to 7.22% having worth around $697.46 million. Moreover, The WindAcre Partnership LLC increased its share by 1.87 million to have a control over 11.35 million shares. And BlackRock Advisors LLC raised its holdings to 1.23 million shares by acquiring 9.26 million shares or 3.40% of the stake.
Fidelity National Financial Inc. (FNF) concluded trading on 05/24/23 at a closing price of $34.44, with 0.98 million shares of worth about $33.62 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.28% during that period and on Wednesday the price saw a loss of about -0.98%. Currently the company’s common shares owned by public are about 270.00M shares, out of which, 255.82M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 7 analysts are covering the FNF stock and their offered price forecasts bring an average price target of $44.60. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $48.00 and could fall to a lowest price of $41.00. The stock’s current price level is 22.78% above of average price target set by the analysts, while a rise to estimated low would result in gain of 16.0% for the stock. However, touching the estimated high of $48.00 would mean a gain of 28.25% 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 39 times over the past 12 months. They bought 1,267,592 shares in 20 of the transactions. In 19 selling transactions, insiders dumped 156,473 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 8.01 million shares of worth totaling $284.36 million. The company recently came buying 24066.0 shares which brought its stake up to 2.94% of the company’s outstanding shares. Vanguard Mid Cap Index Fund, after selling 6.04 million shares, have now control over 2.22% of the stake in the company. It holds 2951.0 shares of worth $214.2 million.
Fidelity National Financial Inc. (NYSE: FNF) started trading at $34.49, below -$0.29 from concluding price of the previous day. However, the stock later moved at a day high price of 34.63, or with a loss of -0.98%. Stock saw a price change of -0.29% in past 5 days and over the past one month there was a price change of 0.20%. Year-to-date (YTD), FNF shares are showing a performance of -8.45% which decreased to -11.78% 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 1.62 million. The stock is currently trading -0.27% below its 20-day simple moving average (SMA20), while that difference is down -0.23% for SMA50 and it goes to -8.57% lower than SMA200.
BlackRock Fund Advisors acquired 19.65 million shares of Fidelity National Financial Inc. having value of about $697.46 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 1.53 million shares in the company valued at close to $52603277.16, or have control over 8.43% 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 42.59% while other institutional holders and individual stake holders have control over 6.01% and 39.41% of the stake respectively.
The stock has a current market capitalization of $9.48B and its 3Y-monthly beta is at 1.36. PE ratio of stock for trailing 12 months is 14.05, while it has posted earnings per share of $2.45 in the same period. It has a debt-to-equity ratio of 0.60. 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 2.09% while standing at 2.51% over the month.
Analysts are in expectations that Fidelity National Financial Inc. (FNF) stock would likely to be making an EPS of $1.01 in the current quarter, while forecast for next quarter EPS is $1.06 and it is $4.87 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.97 which is $1.04 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 $1.9 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 32.70% 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 7 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 2.10. Out of those 7 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”.
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