American Investment Services Increases Holding in Verizon Communications (VZ); Scopia Capital Management LP Decreased Its Fidelity National Financial (FNF) Holding as Shares Rose

January 17, 2018 - By Michael Collier

American Investment Services Inc increased its stake in Verizon Communications Inc (VZ) by 3.47% based on its latest 2017Q3 regulatory filing with the SEC. American Investment Services Inc bought 15,745 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 469,075 shares of the telecommunications equipment company at the end of 2017Q3, valued at $23.22M, up from 453,330 at the end of the previous reported quarter. American Investment Services Inc who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $210.91 billion market cap company. The stock increased 0.08% or $0.04 during the last trading session, reaching $51.7. About 6.97 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since January 17, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Matt Sirovich decreased its stake in Fidelity National Financial (FNF) by 43.65% based on its latest 2017Q3 regulatory filing with the SEC. Scopia Capital Management Lp sold 1.26 million shares as the company’s stock rose 9.40% with the market. The hedge fund run by Matt Sirovich held 1.63 million shares of the finance company at the end of 2017Q3, valued at $77.48 million, down from 2.90 million at the end of the previous reported quarter. Scopia Capital Management Lp who had been investing in Fidelity National Financial for a number of months, seems to be less bullish one the $11.36B market cap company. The stock increased 1.61% or $0.66 during the last trading session, reaching $41.59. About 764,586 shares traded. Fidelity National Financial, Inc. (NYSE:FNF) has risen 25.97% since January 17, 2017 and is uptrending. It has outperformed by 9.27% the S&P500.

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It is flat, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported. Seaward Partnership accumulated 28,204 shares or 0.07% of the stock. Pettyjohn Wood And White reported 2.9% stake. Cullen Frost Bankers Inc has 0.38% invested in Verizon Communications Inc. (NYSE:VZ). Burns J W New York invested in 1.15% or 87,274 shares. Andra Ap reported 723,629 shares stake. Dt Investment Prtnrs Lc has invested 0.55% in Verizon Communications Inc. (NYSE:VZ). Johnson Investment Counsel holds 0.18% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 137,370 shares. Pensionfund Dsm Netherlands has 1.2% invested in Verizon Communications Inc. (NYSE:VZ) for 161,600 shares. Covington Investment Advsrs Incorporated reported 1.07% in Verizon Communications Inc. (NYSE:VZ). Td Asset Inc invested 0.31% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Glenview Bank & Trust Trust Dept holds 63,715 shares or 1.53% of its portfolio. Blume Mgmt reported 3,957 shares or 0.1% of all its holdings. Nelson Roberts Advsrs Limited reported 175,163 shares. 64,249 are owned by Fincl Sense Advisors. Fulton Breakefield Broenniman Limited Co accumulated 172,812 shares.

Since August 28, 2017, it had 0 buys, and 3 insider sales for $89,365 activity.

American Investment Services Inc, which manages about $612.10 million and $261.23M US Long portfolio, decreased its stake in Vanguard World Fds (VPU) by 2,598 shares to 48,470 shares, valued at $5.66 million in 2017Q3, according to the filing. It also reduced its holding in Ishares Tr (IVW) by 2,196 shares in the quarter, leaving it with 9,660 shares, and cut its stake in Chevron Corp New (NYSE:CVX).

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 6 have Buy rating, 0 Sell and 20 Hold. Therefore 23% are positive. Verizon Communications Inc. had 64 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Neutral” rating by Moffet Nathanson on Friday, April 1. The firm earned “Hold” rating on Friday, July 14 by Barclays Capital. The rating was initiated by HSBC on Thursday, January 19 with “Buy”. The firm earned “Buy” rating on Tuesday, January 3 by Citigroup. The firm has “Hold” rating by Robert W. Baird given on Wednesday, October 4. SunTrust maintained the shares of VZ in report on Wednesday, December 6 with “Hold” rating. The firm has “Neutral” rating by Macquarie Research given on Tuesday, April 5. Barclays Capital maintained Verizon Communications Inc. (NYSE:VZ) rating on Monday, April 18. Barclays Capital has “Equal-Weight” rating and $52 target. As per Wednesday, January 25, the company rating was downgraded by RBC Capital Markets. The rating was downgraded by Raymond James to “Mkt Perform” on Wednesday, January 25.

Investors sentiment increased to 1.21 in 2017 Q3. Its up 0.17, from 1.04 in 2017Q2. It is positive, as 23 investors sold FNF shares while 107 reduced holdings. 57 funds opened positions while 100 raised stakes. 215.64 million shares or 0.11% less from 215.86 million shares in 2017Q2 were reported. Tiaa Cref Inv Management Lc owns 0.03% invested in Fidelity National Financial, Inc. (NYSE:FNF) for 870,728 shares. Raymond James Associate invested in 204,595 shares. Winslow Evans & Crocker, Massachusetts-based fund reported 632 shares. Altrinsic Glob Advisors Limited Liability holds 9,570 shares. Rafferty Asset Mgmt Limited Company reported 0.05% in Fidelity National Financial, Inc. (NYSE:FNF). Diligent Llc invested in 5,208 shares. Glenmede Tru Na has 0% invested in Fidelity National Financial, Inc. (NYSE:FNF). Dnb Asset Management As holds 0.02% or 28,200 shares. Alpha Windward Limited Liability Company reported 0.01% stake. Maltese Capital Limited Liability has 121,000 shares for 0.49% of their portfolio. Hbk Invests LP holds 0.02% of its portfolio in Fidelity National Financial, Inc. (NYSE:FNF) for 42,007 shares. Credit Suisse Ag stated it has 0.01% of its portfolio in Fidelity National Financial, Inc. (NYSE:FNF). Guggenheim Cap Ltd Liability Co has invested 0.01% in Fidelity National Financial, Inc. (NYSE:FNF). Schroder Invest Mgmt holds 0% or 7,394 shares. Oakworth Inc reported 100 shares or 0% of all its holdings.

Among 8 analysts covering Fidelity National Financial (NYSE:FNF), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Fidelity National Financial had 23 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, July 20 by Keefe Bruyette & Woods. As per Friday, May 5, the company rating was maintained by Monness Crespi. Monness Crespi & Hardt maintained Fidelity National Financial, Inc. (NYSE:FNF) rating on Monday, January 25. Monness Crespi & Hardt has “Buy” rating and $41.0 target. The stock of Fidelity National Financial, Inc. (NYSE:FNF) earned “Market Perform” rating by Wood on Monday, July 18. Piper Jaffray maintained Fidelity National Financial, Inc. (NYSE:FNF) on Thursday, October 26 with “Buy” rating. Keefe Bruyette & Woods maintained Fidelity National Financial, Inc. (NYSE:FNF) on Thursday, December 21 with “Hold” rating. The rating was maintained by Piper Jaffray with “Buy” on Monday, December 18. Piper Jaffray maintained Fidelity National Financial, Inc. (NYSE:FNF) on Friday, September 25 with “Overweight” rating. On Thursday, July 20 the stock rating was maintained by Piper Jaffray with “Buy”. The stock of Fidelity National Financial, Inc. (NYSE:FNF) earned “Hold” rating by Keefe Bruyette & Woods on Friday, October 27.

Analysts await Fidelity National Financial, Inc. (NYSE:FNF) to report earnings on February, 7. They expect $0.60 earnings per share, down 15.49% or $0.11 from last year’s $0.71 per share. FNF’s profit will be $163.89 million for 17.33 P/E if the $0.60 EPS becomes a reality. After $0.71 actual earnings per share reported by Fidelity National Financial, Inc. for the previous quarter, Wall Street now forecasts -15.49% negative EPS growth.

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