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

Fidelity National Financial, Inc. (NYSE:FNF) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 2,230,000 shares, an increase of 7.2% from the October 31st total of 2,080,000 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily volume of 1,020,000 shares, the short-interest ratio is presently 2.2 days.

Insider Buying and Selling

In other news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the transaction, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The trade was a 11.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.20% of the stock is owned by insiders.

Institutional Trading of Fidelity National Financial

A number of institutional investors have recently bought and sold shares of FNF. Tidal Investments LLC increased its stake in shares of Fidelity National Financial by 38.9% during the third quarter. Tidal Investments LLC now owns 6,756 shares of the financial services provider’s stock worth $419,000 after buying an additional 1,892 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Fidelity National Financial during the 3rd quarter worth approximately $672,000. Sanctuary Advisors LLC grew its stake in Fidelity National Financial by 136.9% in the third quarter. Sanctuary Advisors LLC now owns 157,438 shares of the financial services provider’s stock worth $9,752,000 after purchasing an additional 90,968 shares in the last quarter. Virtue Capital Management LLC boosted its stake in Fidelity National Financial by 1.9% during the 3rd quarter. Virtue Capital Management LLC now owns 15,842 shares of the financial services provider’s stock valued at $983,000 after purchasing an additional 296 shares during the period. Finally, Sunbelt Securities Inc. grew its holdings in Fidelity National Financial by 867.7% during the third quarter. Sunbelt Securities Inc. now owns 1,287 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 1,154 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $63.03 on Tuesday. Fidelity National Financial has a one year low of $44.80 and a one year high of $64.83. The stock has a market cap of $17.25 billion, a P/E ratio of 22.92 and a beta of 1.36. The company has a fifty day moving average price of $60.96 and a two-hundred day moving average price of $56.27. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. Fidelity National Financial’s revenue was up 29.7% on a year-over-year basis. During the same quarter last year, the business posted $1.23 earnings per share. As a group, equities analysts predict that Fidelity National Financial will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Tuesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is 69.82%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FNF. Barclays lifted their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Truist Financial increased their price target on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft lifted their price target on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods lifted their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 4th. Finally, Stephens reissued an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Fidelity National Financial presently has a consensus rating of “Hold” and a consensus target price of $63.60.

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.