Short Interest in Fidelity National Financial, Inc. (NYSE:FNF) Drops By 7.7%

Fidelity National Financial, Inc. (NYSE:FNF) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 2,510,000 shares, a decline of 7.7% from the August 15th total of 2,720,000 shares. Based on an average trading volume of 992,900 shares, the short-interest ratio is currently 2.5 days. Currently, 1.0% of the company’s shares are short sold.

Hedge Funds Weigh In On Fidelity National Financial

A number of institutional investors and hedge funds have recently bought and sold shares of FNF. Nomura Asset Management Co. Ltd. lifted its holdings in Fidelity National Financial by 0.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 66,445 shares of the financial services provider’s stock valued at $3,390,000 after buying an additional 196 shares during the period. Chesley Taft & Associates LLC grew its stake in Fidelity National Financial by 1.9% during the second quarter. Chesley Taft & Associates LLC now owns 10,575 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 200 shares during the period. Intech Investment Management LLC increased its holdings in Fidelity National Financial by 1.3% in the second quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock worth $758,000 after purchasing an additional 202 shares in the last quarter. GAMMA Investing LLC lifted its stake in Fidelity National Financial by 10.6% in the first quarter. GAMMA Investing LLC now owns 2,155 shares of the financial services provider’s stock valued at $114,000 after buying an additional 207 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Fidelity National Financial by 13.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock worth $87,000 after buying an additional 213 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

FNF has been the topic of a number of research analyst reports. Stephens restated an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods increased 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 report on Wednesday, September 4th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Truist Financial raised 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. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Hold” and an average target price of $61.80.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock traded up $0.22 during trading on Wednesday, reaching $60.99. The company’s stock had a trading volume of 741,898 shares, compared to its average volume of 1,243,701. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. The business’s 50-day moving average price is $56.22 and its 200-day moving average price is $52.43. Fidelity National Financial has a 52 week low of $37.10 and a 52 week high of $61.71. The firm has a market cap of $16.66 billion, a PE ratio of 20.20 and a beta of 1.36.

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

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.48 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a yield of 3.15%. Fidelity National Financial’s dividend payout ratio is currently 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.