Fidelity National Financial, Inc. (FNFV) Cut to “Buy” at BidaskClub

BidaskClub lowered shares of Fidelity National Financial, Inc. (NYSE:FNFV) from a strong-buy rating to a buy rating in a report issued on Wednesday.

Separately, TheStreet raised Fidelity National Financial from a d+ rating to a c- rating in a research report on Monday, May 1st.

Fidelity National Financial (FNFV) opened at 15.40 on Wednesday. The company has a 50-day moving average price of $14.32 and a 200-day moving average price of $13.25. Fidelity National Financial has a one year low of $11.00 and a one year high of $16.15. The stock’s market cap is $1.02 billion.

Fidelity National Financial (NYSE:FNFV) last issued its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The business had revenue of $328 million during the quarter. Fidelity National Financial had a negative net margin of 0.30% and a positive return on equity of 0.03%. On average, analysts anticipate that Fidelity National Financial will post ($0.02) earnings per share for the current year.

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Large investors have recently added to or reduced their stakes in the company. Kavi Asset Management LP purchased a new stake in Fidelity National Financial during the first quarter worth $4,594,000. Dimensional Fund Advisors LP increased its stake in Fidelity National Financial by 28.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,107,403 shares of the insurance provider’s stock worth $15,172,000 after buying an additional 243,807 shares during the period. Blair William & Co. IL purchased a new stake in Fidelity National Financial during the first quarter worth $2,460,000. River Road Asset Management LLC increased its stake in Fidelity National Financial by 3.5% in the first quarter. River Road Asset Management LLC now owns 5,267,377 shares of the insurance provider’s stock worth $69,793,000 after buying an additional 177,381 shares during the period. Finally, Vanguard Group Inc. increased its stake in Fidelity National Financial by 3.1% in the first quarter. Vanguard Group Inc. now owns 5,252,973 shares of the insurance provider’s stock worth $69,602,000 after buying an additional 158,196 shares during the period. 83.21% of the stock is currently owned by institutional investors and hedge funds.

About Fidelity National Financial

Fidelity National Financial, Inc (FNF) is a holding company. The Company is a provider of title insurance, technology and transaction services to the real estate and mortgage industries. The Company’s segments include Title, Black Knight, FNF Core Corporate and Other, Restaurant Group, and FNFV Corporate and Other.

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