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Fidelity National Financial Inc (FNF) – Don’t Believe the Hype: Check The Facts

Fidelity National Financial Inc (NYSE: FNF) is -0.86% lower on its value in year-to-date trading and has touched a low of $31.84 and a high of $52.94 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FNF stock was last observed hovering at around $49.70 in the last trading session, with the day’s gains setting it 0.88%.

Currently trading at $50.58, the stock is -0.62% and 1.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.52 million and changing 1.77% at the moment leaves the stock 19.65% off its SMA200. FNF registered 26.89% gain for a year compared to 6-month gain of 23.73%. The firm has a 50-day simple moving average (SMA 50) of $1.28.

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The stock witnessed a -0.77% loss in the last 1 month and extending the period to 3 months gives it a 13.84%, and is 1.22% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.50% over the week and 1.90% over the month.

Fidelity National Financial Inc (FNF) has around 21759 employees, a market worth around $13.77B and $11.78B in sales. Current P/E ratio is 26.52 and Fwd P/E is 8.80. Profit margin for the company is 4.39%. Distance from 52-week low is 58.86% and -4.46% from its 52-week high. The company has generated returns on investments over the last 12 months (4.79%).

Fidelity National Financial Inc quarterly earnings per share for the current quarter are estimated at $0.85 with sales reaching $2.74B over the same period.The EPS is expected to grow by 37.63% this year, but quarterly earnings will post 9.50% year-over-year. Quarterly sales are estimated to grow 13.50% in year-over-year returns.

850 institutions hold shares in Fidelity National Financial Inc (FNF), with institutional investors hold 89.17% of the company’s shares. The shares outstanding are 272.31M, and float is at 257.13M with Short Float at 1.73%. Institutions hold 84.30% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 37.79 million shares valued at $1.36 billion. The investor’s holdings represent 13.89% of the FNF Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 27.3 million shares valued at $982.72 million to account for 10.03% of the shares outstanding. The other top investors are Windacre Partnership LLC which holds 14.7 million shares representing 5.40% and valued at over $529.3 million, while Brave Warrior Advisors, LLC holds 3.34% of the shares totaling 9.09 million with a market value of $327.17 million.

Fidelity National Financial Inc (FNF) Insider Activity

A total of 35 insider transactions have happened at Fidelity National Financial Inc (FNF) in the last six months, with sales accounting for 20 and purchases happening 15 times. The most recent transaction is an insider sale by LANE DANIEL D, the company’s Director. SEC filings show that LANE DANIEL D sold 6,131 shares of the company’s common stock on Jan 17 at a price of $48.19 per share for a total of $0.3 million. Following the sale, the insider now owns 0.27 million shares.

Fidelity National Financial Inc disclosed in a document filed with the SEC on Jan 12 that Dhanidina Halim (Director) sold a total of 3,265 shares of the company’s common stock. The trade occurred on Jan 12 and was made at $49.34 per share for $0.16 million. Following the transaction, the insider now directly holds 17906.0 shares of the FNF stock.

Still, SEC filings show that on Sep 11, Nolan Michael Joseph (Chief Executive Officer) disposed off 30,000 shares at an average price of $43.12 for $1.29 million. The insider now directly holds 354,786 shares of Fidelity National Financial Inc (FNF).

Fidelity National Financial Inc (FNF): Who are the competitors?

One of the company’s main competitors (and peers) include Old Republic International Corp. (ORI) that is trading 10.66% up over the past 12 months.Stewart Information Services Corp. (STC) lies in the list of competitors of the Fidelity National Financial Inc and is 52.42% higher over the same period from FNFInvestors Title Co. (ITIC) is -2.61% down on the 1-year trading charts.

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