Intangible Valuation
Value, contrarian, coat tail rider, idiosyncratic research

Fidelity National Financial: 33% Of The Title Insurance Market At The Cusp Of A Housing Recovery

Fidelity National Financial, Inc. (NYSE:FNF) is in the title insurance business. While its competitor Stewart Information Services (NYSE:STC) holds a 12.5% piece of the industry pie, Fidelity National Financial has the largest market share with some 33.7%, up from 30% ten years ago. That is, 33.7% of all mortgage originations have title insurance from FNF. What is title insurance? To borrow some text from my recent article on Stewart Information Services:

"Title insurance includes the functions of searching, examining, closing and insuring the condition of the title to real property. Its purpose is to ascertain ownership of property being transferred and to discover whether there are other claims to the property through such things as deeds,...
Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
PRO Top long ideas returned 21.7% in 2016**
"As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next big thing. - Mark Choate, Malaga Cove Capital"
Mark Choate, Malaga Cove Capital
"Contributors (writers and commentators), often have a long history in the secuirities they opine on and some are clearly well positioned industry participants with detailed industry views that can help provide color on where the skeletons are buried in a particular secuirity and/or industry."
Jim Roumell, Roumell Asset Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details