Published: Sun, August 13, 2017
Markets | By Noel Gibbs

Fidelity National Financial (FNFV) Earns Daily News Impact Rating of 0.18


Northwestern Mutual Wealth Management Co. now owns 3,417 shares of the financial services provider's stock valued at $153,000 after buying an additional 3,328 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Fidelity National Financial during the first quarter valued at $672,000.

A number of institutional investors have recently bought and sold shares of the stock. PhiloSmith Capital Corp bought a new stake in Fidelity National Financial during the first quarter valued at approximately $4,303,000. TNB Financial purchased a new stake in Fidelity National Financial during the first quarter worth $216,000. Fidelity National Financial, Inc. has a 12-month low of $11.00 and a 12-month high of $17.90. The Company's segments include Title, Black Knight, FNF Core Corporate and Other, Restaurant Group, and FNFV Corporate and Other. Overall, volume was up 0.97% over the stocks normal daily volume. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 10.83 and a beta of 0.79. The stock's 50 day moving average is $46.31 and its 200-day moving average is $41.16. Goldman Sachs Group Inc claims 20,300 shares worth $383,000. The value of the investment in Ambac Financial Group, Inc. increased from $16,601,000 to $23,790,000 a change of $7,189,000 quarter over quarter. The financial services provider reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.32. Ambac Financial Group had a positive return on equity of 5.74% and a negative net margin of 16.39%. The company had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.14 billion.

Wall Street falls on North Korea concerns
Earlier on Thursday, North Korea revealed a plan to launch ballistic missiles toward a major US military hub in the Pacific. The Labor Department said its consumer price index inched up by 0.1 percent in July after coming in unchanged in June.


PNC Financial Services Group Inc. decreased its stake in shares of Fidelity National Financial, Inc. Stockholders of record on Friday, September 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 14th.

Goldentree Asset Management Lp, which manages about $22.00 billion and $804.33 million US Long portfolio, decreased its stake in Tribune Media Co by 309,062 shares to 706,405 shares, valued at $24.72M in 2016Q4, according to the filing. If you are reading this news story on another publication, it was illegally stolen and republished in violation of global copyright & trademark legislation. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & worldwide copyright legislation. The original version of this article can be accessed at https://www.themarketsdaily.com/2017/08/12/fidelity-national-financial-inc-fnf-stake-cut-by-p-r-herzig-co-inc-updated-updated-updated.html.

Two dead in helicopter crash near Charlottesville, Virginia
In total, more than three-dozen people were injured, officials said, including in the auto crash and individual altercations. Police said the helicopter was assisting law enforcement officers monitor the rally in Charlottesville .


Several other research analysts also recently weighed in on the stock. TheStreet upgraded shares of Fidelity National Financial from a "d+" rating to a "c-" rating in a report on Monday, May 1st. Monness Crespi & Hardt upped their price target on shares of Fidelity National Financial from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, May 5th. BTIG Research reissued a "buy" rating and set a $26.00 price target on shares of Ambac Financial Group in a research report on Saturday, July 22nd.

Among 25 analysts covering Celgene Corporation (NASDAQ:CELG), 21 have Buy rating, 0 Sell and 4 Hold. Fidelity National Financial presently has a consensus rating of "Buy" and an average price target of $46.60.

Dollar at eight-week low vs yen as North Korea tensions simmer
US President Donald Trump's warning to North Korea has given gold momentum; investors are also awaiting US inflation data. An index of 15 gold miners tracked by Bloomberg Intelligence climbed 1.1 percent, led by Toronto-based Yamana Gold Inc.


In other news, EVP Peter T. Sadowski sold 133,215 shares of the firm's stock in a transaction dated Thursday, July 27th. Volume was up 0.97% over the stocks average daily volume. Corporate insiders own 5.00% of the company's stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brent B. Bickett sold 58,896 shares of the firm's stock in a transaction dated Wednesday, June 28th. The Lsv Asset Management holds 127,300 shares with $2.86 million value, up from 66,000 last quarter. The disclosure for this sale can be found here. Tower Research Capital LLC (trc) now owns 107 shares with a value of $2,000. (Ambac), launched on April 29, 1991, is a financial services holding company.

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