Greetings, investing enthusiasts and financial aficionados! Prepare to be enthralled as Fidelity National Financial (NYSE:FNF) takes a significant leap as its one-year price target is now $58.65 per share, marking an impressive 5.83% surge from the prior estimate recorded on January 16, 2024.
Multiple analysts have come together to revise the price target, with forecasts ranging from a conservative $51.51 to an optimistic $67.20 per share. On average, this latest price target signifies a substantial 17.16% increase from the most recent closing price of $50.06 per share.
Insight into Fund Sentiment
Curious about the fund sentiment surrounding Fidelity National Financial? A total of 1085 funds and institutions have reported their positions in the company. This reflects an increase of 95 owners, translating to a notable 9.60% growth in the last quarter. The average portfolio weight across all funds dedicated to FNF currently stands at 0.29%, showing a solid uptick of 12.41%. Over the past three months, institutional shares in FNF have surged by 0.38% to reach a total of 251,295K shares. What’s more, the put/call ratio of FNF stands at 0.39, signaling an optimistic and bullish outlook.
Exploring Shareholder Activity
Windacre Partnership currently holds 14,824K shares, representing 5.45% ownership of the company. In their most recent filing, the firm disclosed a shift in ownership with a 5.80% decrease from their previous 15,684K shares. This adjustment correlates with a 2.63% reduction in portfolio allocation towards FNF over the last quarter.
Brave Warrior Advisors, another key player in the shareholder realm, now holds 9,450K shares, equating to 3.47% ownership of the company. Their recent filing showed a 0.49% decrease from 9,496K shares previously held. Interestingly, the firm augmented its portfolio allocation in FNF by a significant 17.49% during the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares maintain ownership of 8,069K shares, representing 2.96% ownership of the company. Notably, they reported an uptick in ownership with a 0.12% increase from 8,059K shares previously held. This increase aligns with a robust 19.22% surge in portfolio allocation towards FNF over the last quarter.
DVY – iShares Select Dividend ETF hangs on to 6,735K shares, embodying 2.47% ownership of the company. Their recent filing outlined a 4.04% decrease from 7,007K shares held previously. However, the firm counteracted this decline by boosting their portfolio allocation in FNF by 12.78% over the last quarter.
Cooke & Bieler retains 6,251K shares, representing 2.30% ownership of the company. In their latest filing, the firm reported a 3.27% decrease from their prior 6,455K shares. Consequently, portfolio allocation towards FNF took a substantial 29.01% plunge over the last quarter.
Unveiling Fidelity National Financial’s Background
Fidelity National Financial, Inc. is a pioneering figure in the title insurance and transaction services domain within the real estate and mortgage industries. A behemoth in its own right, FNF reigns as the nation’s largest title insurance company courtesy of its acclaimed title insurance underwriters – Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title, and National Title of New York. Collectively, these entities issue a formidable number of title insurance policies eclipsing any other in the United States.
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