Fidelity National Financial, Inc. (NYSE:FNF) Short Interest Update

Fidelity National Financial, Inc. (NYSE:FNF) saw a large drop in short interest in September. As of September 30th, there was short interest totalling 2,200,000 shares, a drop of 8.7% from the September 15th total of 2,410,000 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 982,000 shares, the short-interest ratio is currently 2.2 days.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Stephens restated an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Keefe, Bruyette & Woods increased their price target on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Truist Financial boosted their price objective on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Barclays raised their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Hold” and an average price target of $62.40.

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the transaction, the director now directly owns 13,206 shares of the company’s stock, valued at $803,585.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fidelity National Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in FNF. V Square Quantitative Management LLC purchased a new position in Fidelity National Financial during the fourth quarter valued at $27,000. Opal Wealth Advisors LLC purchased a new position in Fidelity National Financial in the 2nd quarter valued at about $26,000. New Covenant Trust Company N.A. acquired a new stake in Fidelity National Financial in the 1st quarter worth about $30,000. Covestor Ltd boosted its holdings in Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after buying an additional 303 shares during the last quarter. Finally, Salomon & Ludwin LLC increased its stake in Fidelity National Financial by 231.0% during the 1st quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock worth $32,000 after buying an additional 425 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock traded down $0.12 during trading hours on Thursday, reaching $62.64. The stock had a trading volume of 1,008,075 shares, compared to its average volume of 1,224,730. The stock’s 50 day moving average is $59.20 and its 200 day moving average is $53.84. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. Fidelity National Financial has a twelve month low of $37.10 and a twelve month high of $62.97. The firm has a market capitalization of $17.12 billion, a PE ratio of 20.60 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the previous year, the company posted $1.01 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts expect that Fidelity National Financial will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.48 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a yield of 3.07%. Fidelity National Financial’s dividend payout ratio is currently 63.16%.

About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.