Thompson Investment Management Makes Bold Move to Reduce Stake in Fidelity National Financial
July 11, 2023
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Thompson Investment Management Inc. has made a bold move to reduce its stake in Fidelity National Financial ($NYSE:FNF), one of the largest providers of title insurance, mortgage services and diversified services in the United States. It has a national network of title companies and related businesses that provide title insurance, escrow and other settlement services, trust and custodial services, and other related services. The company operates in three main segments: Title Insurance and Services (TIS), REIT Operations and Corporate & Other.
It also provides technology-based solutions to the real estate industry, such as title information services, online document delivery and electronic recognition. It is also a leader in digital solutions for mortgage lenders, offering many services such as automated underwriting and document management.
Price History
Despite the move, the stock of Fidelity National Financial opened at $35.9 and closed at $36.1, up by 0.8% from its prior closing price of $35.8. This positive change in the stock price suggests that investors remain confident in the future of Fidelity National Financial and its ability to deliver long-term value to shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FNF. More…
| Total Revenues | Net Income | Net Margin |
| 10.87k | 680 | 6.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FNF. More…
| Operations | Investing | Financing |
| 4.36k | -10.52k | 4.09k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FNF. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 69.65k | 63.01k | 20.66 |
Key Ratios Snapshot
Some of the financial key ratios for FNF are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.1% | – | 9.5% |
| FCF Margin | ROE | ROA |
| 38.8% | 11.5% | 0.9% |
Analysis
GoodWhale has performed an analysis of current and past fundamentals of FIDELITY NATIONAL FINANCIAL. According to our Star Chart analysis, FIDELITY NATIONAL FINANCIAL has an intermediate health score of 6/10 with regard to its cashflows and debt. We conclude that FIDELITY NATIONAL FINANCIAL is likely to pay off debt and fund future operations. Based on these observations, we classify FIDELITY NATIONAL FINANCIAL as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. We believe that such a company may be attractive to dividend investors, as well as long-term value investors who are seeking long-term capital appreciation. Moreover, income investors who are interested in dividend payouts and yield may find FIDELITY NATIONAL FINANCIAL attractive. More…
Peers
The competition among Fidelity National Financial Inc and its competitors is fierce. Each company is looking to gain market share and increase profits. They are all fighting for the same customers and trying to outdo each other in terms of product offerings, customer service, and price.
– First Acceptance Corp ($OTCPK:FACO)
First Acceptance Corporation is a provider of personal and commercial insurance products, including auto, homeowner’s, life, health, and commercial insurance. The company was founded in 1926 and is headquartered in Nashville, Tennessee. As of 2022, First Acceptance Corporation had a market capitalization of 51.52 million and a return on equity of -12.16%. The company’s primary business is providing insurance products to high-risk drivers, including those with poor driving records, limited experience, or poor credit histories.
– First American Financial Corp ($NYSE:FAF)
First American Financial Corp is a provider of title insurance, settlement services and risk solutions for real estate transactions in the United States. The company has a market cap of 4.63B as of 2022 and a return on equity of 15.64%. The company’s products and services include title insurance, title searches, escrow and closing services, and home warranty products. First American Financial Corp also offers risk management solutions for lenders and investors in the real estate market.
– Tiptree Inc ($NASDAQ:TIPT)
Tiptree Inc. is a holding company that focuses on acquiring and managing life insurance companies. The company was founded in 2006 and is headquartered in New York, New York. As of 2022, Tiptree had a market capitalization of 429.89 million and a return on equity of 9.05%. The company’s primary subsidiaries are Tiptree Financial Partners, L.P. and Tiptree Insurance Holding Company, LLC. Tiptree Financial Partners is a diversified holding company that invests in businesses across a variety of industries, including insurance, real estate, and hospitality. Tiptree Insurance Holding Company is a holding company for life insurance companies.
Summary
In the first quarter of 2023, Thompson Investment Management Inc. made a bold move by reducing its stake in the financial services giant Fidelity National Financial. This decision was made based on careful analysis of the company’s financials and market trends. Fidelity National’s overall stock price has been relatively stagnant over the past year, causing Thompson Investment Management to re-evaluate its investment in the company.
Analysts suggest that this decision could have long-term implications as investors adjust their portfolios to take advantage of more lucrative opportunities. Despite the reduced stake, Thompson Investment Management remains optimistic that Fidelity National will continue to be a great long-term option for investors.
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