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

Fidelity National Financial, Inc. (NYSE:FNF) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 2,360,000 shares, a growth of 7.8% from the November 30th total of 2,190,000 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 1,050,000 shares, the days-to-cover ratio is presently 2.2 days.

Insider Activity

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the transaction, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in Fidelity National Financial in the third quarter valued at approximately $32,000. International Assets Investment Management LLC acquired a new stake in Fidelity National Financial in the 2nd quarter valued at $35,000. Brooklyn Investment Group bought a new stake in Fidelity National Financial during the 3rd quarter valued at $35,000. True Wealth Design LLC acquired a new position in Fidelity National Financial during the third quarter worth $41,000. Finally, UMB Bank n.a. lifted its stake in shares of Fidelity National Financial by 280.6% in the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock valued at $43,000 after buying an additional 505 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on FNF. Barclays raised 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 report on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their target price on shares of Fidelity National Financial from $63.00 to $64.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Finally, Truist Financial upped their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Hold” and a consensus target price of $63.80.

Fidelity National Financial Trading Up 0.1 %

Shares of FNF stock traded up $0.06 during trading hours on Wednesday, hitting $56.14. 532,828 shares of the company were exchanged, compared to its average volume of 1,186,139. The company has a 50 day simple moving average of $59.92 and a two-hundred day simple moving average of $57.49. The firm has a market cap of $15.36 billion, a P/E ratio of 20.41 and a beta of 1.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial has a fifty-two week low of $46.85 and a fifty-two week high of $64.83.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the business posted $1.23 earnings per share. The company’s revenue for the quarter was up 29.7% compared to the same quarter last year. Equities analysts anticipate that Fidelity National Financial will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.56%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, December 17th. Fidelity National Financial’s payout ratio is presently 72.73%.

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.