Barclays (LON:BARC) has initiated coverage on Fidelity National Financial (NYSE:FNF), a prominent title insurance provider, with an Equal-Weight recommendation. The firm has set a one-year price target for the company at $48.45, suggesting a potential 9% increase from its closing price of $44.45.
The financial institution anticipates Fidelity National Financial to achieve an annual revenue of $11.03 billion and a non-GAAP EPS of $5.25, signaling an upward trend in revenue growth. Despite a slight dip in institutional ownership, with the number of funds holding shares declining to 983, there has been a notable rise in institutional shares by 5.36% to approximately 249.8 million shares in the last quarter.
Notably, Windacre Partnership and Brave Warrior Advisors have increased their holdings by 6.26% and 4.30%, respectively, demonstrating confidence in the company's financial prospects. Conversely, iShares Select Dividend ETF downsized its stake by 5.78%. Other significant investors like Vanguard Total Stock Market Index Fund Investor Shares and Principal Financial Group (NASDAQ:PFG) have also raised their stakes in Fidelity National Financial.
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