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

Fidelity National Financial, Inc. (NYSE:FNF) was the recipient of a large drop in short interest during the month of 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 company’s shares are sold short. Based on an average daily trading volume, of 982,000 shares, the days-to-cover ratio is presently 2.2 days.

Analysts Set New Price Targets

Several research firms recently weighed in on FNF. Truist Financial upped their price target on Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods lifted 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. Barclays upped their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $62.40.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the transaction, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FNF. V Square Quantitative Management LLC purchased a new stake in Fidelity National Financial during the 4th quarter valued at approximately $27,000. Opal Wealth Advisors LLC purchased a new stake in Fidelity National Financial during the second quarter valued at approximately $26,000. New Covenant Trust Company N.A. purchased a new stake in Fidelity National Financial during the first quarter valued at approximately $30,000. Covestor Ltd boosted its holdings in shares of 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 purchasing an additional 303 shares during the period. Finally, Salomon & Ludwin LLC boosted its holdings in shares of Fidelity National Financial by 231.0% in the 1st quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 425 shares during the period. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

NYSE:FNF traded down $0.12 during mid-day trading on Thursday, reaching $62.64. The company’s stock had a trading volume of 1,008,075 shares, compared to its average volume of 1,224,730. The firm’s fifty day moving average price is $59.20 and its two-hundred day moving average price 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. The stock has a market cap of $17.12 billion, a P/E ratio of 20.60 and a beta of 1.36. Fidelity National Financial has a 12-month low of $37.10 and a 12-month high of $62.97.

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 the consensus estimate of $1.27 by ($0.03). The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. Fidelity National Financial’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 earnings per share. On average, equities analysts forecast that Fidelity National Financial will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

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

Fidelity National Financial Company Profile

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.