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 in the month of August. As of August 31st, there was short interest totalling 2,510,000 shares, a drop of 7.7% from the August 15th total of 2,720,000 shares. Based on an average trading volume of 992,900 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Fidelity National Financial

Several institutional investors have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC acquired a new position in Fidelity National Financial in the second quarter valued at approximately $26,000. V Square Quantitative Management LLC acquired a new position in Fidelity National Financial in the 4th quarter valued at about $27,000. New Covenant Trust Company N.A. purchased a new position in Fidelity National Financial in the first quarter worth approximately $30,000. Mather Group LLC. purchased a new position in shares of Fidelity National Financial during the 1st quarter worth approximately $31,000. Finally, Covestor Ltd grew its position in Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 303 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

NYSE:FNF traded up $0.59 on Wednesday, hitting $61.36. The stock had a trading volume of 416,694 shares, compared to its average volume of 1,241,898. The business’s 50-day simple moving average is $56.22 and its two-hundred day simple moving average is $52.43. The stock has a market cap of $16.77 billion, a price-to-earnings ratio of 20.20 and a beta of 1.36. Fidelity National Financial has a 52-week low of $37.10 and a 52-week high of $61.67. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last released its 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 business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 earnings per share. As a group, research analysts predict that Fidelity National Financial will post 4.53 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Monday, September 16th. Fidelity National Financial’s dividend payout ratio is currently 63.16%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FNF shares. Stephens restated an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a report on Thursday, August 15th. Keefe, Bruyette & Woods boosted their price objective on 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 lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Truist Financial raised their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $61.80.

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.