(NASDAQ:AMBC) shares saw heavy trading volume with 439K shares changing hands in the last trading session. (NASDAQ:AMBC) by 2.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,931 shares of the financial services provider's stock after selling 899 shares during the period.
FNFV has been the subject of a number of research analyst reports. Institutional investors and hedge funds own 73.47% of the company's stock. As of quarter end Ejf Capital LLC had bought 523,550 shares growing its position 71.0%. Capstone Asset Management Co. purchased a new stake in Fidelity National Financial during the first quarter worth $251,000. Huntington National Bank raised its position in shares of Fidelity National Financial by 51.5% in the first quarter.
Large investors have recently bought and sold shares of the company. Finally, Edge Asset Management Inc. increased its stake in Fidelity National Financial by 0.8% in the first quarter. Finally, TNB Financial acquired a new position in shares of Fidelity National Financial during the first quarter valued at $216,000. The Company's segments include Title, Black Knight, FNF Core Corporate and Other, Restaurant Group, and FNFV Corporate and Other. The company's stock had a trading volume of 519,456 shares. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 10.83 and a beta of 0.79.
The stock is trading at $19.66 well above $18.62, the stock's 50 day moving average and just above the 200 day moving average of $19.05.
Shares of Fidelity National Financial, Inc.
Ambac Financial Group (NASDAQ:AMBC) last released its quarterly earnings results on Wednesday, August 9th. Earnings, adjusted for non-recurring costs, came to $1.54 per share. Ambac Financial Group had a positive return on equity of 5.74% and a negative net margin of 16.39%. Ambac Financial Group's quarterly revenue was up 36.9% on a year-over-year basis. On average, analysts expect that Fidelity National Financial, Inc. will post $2.55 earnings per share for the current year. Shareholders of record on Friday, September 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Financial's dividend payout ratio (DPR) is 43.67%.
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Several other research analysts also recently weighed in on the stock. On Monday, July 31 the stock rating was upgraded by Argus Research to "Buy". Accern also gave news articles about the insurance provider an impact score of 45.3682078095637 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next few days. MKM Partners restated a "neutral" rating and issued a $21.00 price target (up previously from $17.00) on shares of Ambac Financial Group in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Fidelity National Financial presently has a consensus rating of "Buy" and an average price target of $46.60.
In related news, President Michael Joseph Nolan sold 80,748 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $47.53, for a total value of $6,331,708.95. Also, CFO Anthony Park sold 138,941 shares of the stock in a transaction dated Friday, May 19th. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The stock was sold at an average price of $41.28, for a total value of $5,735,484.48. Following the completion of the purchase, the chief executive officer now owns 25,400 shares of the company's stock, valued at approximately $417,830.