4 times Within The Past Five Days, Fidelity National Financial Inc. (FNF) Hit A New High

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Fidelity National Financial Inc. (NYSE:FNF) finished Friday with a subtraction of -$0.35 to close at $37.62, a downside of -0.92 percent. An average of 797,040 shares of common stock have been traded in the last five days. There was a gain of $0.33 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 1,507,660 shares traded, while the 50-day average volume stands at 1,460,834.

FNF stock has decreased by -3.03% in the last month. The company shares reached their 1-month lowest point of $36.21 on 12/16/22. With the stock rallying to its 52-week high on 01/13/22, shares of the company touched a low of $33.17 and a high of $54.25 in 52 weeks. It has reached a new high 9 times so far this year and lost -25.00% or -$14.56 in price. In spite of this, the price is down -30.66% from the 52-week high.


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Insider Transactions

FNF stock investors should be aware that Fidelity National Financial Inc. (FNF) stock had its last reported insider trading activity 26 days ago on Dec 05. In this transaction, the insider spent $207,053. Director, Shea Peter O Jr, disposed of 13,389 shares at a price of $40.83 on Sep 14. The insider now owns more than $546,619 worth of shares. Prior to that, EVP, Chief Legal Officer SADOWSKI PETER T went on to Sale 22,500 shares at $40.85 each on Aug 19. An amount of $919,231 was transacted.

Valuation Metrics

Fidelity National Financial Inc. (FNF) has a trailing price-to-earnings (P/E) ratio of 6.67. The stock’s beta is 1.30. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.73, the price-to-book (PB) ratio at 1.80, and the price-to-cash flow ratio at 2.64.

The company has a payout ratio of 31.00%. The company’s most recent quarterly dividend payment was $0.45 a share, representing a up of 2.27% from $0.44 last year. Its latest increase dividend $0.01 reported on Thursday November 3 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.47 and a total debt to equity ratio of 0.47 for the quarter ending June 29. Its gross profit as reported stood at $3.15 billion compared to revenue of $15.64 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Fidelity National Financial Inc.’s return on assets was 2.60%.

Earnings Surprise

For the three-month period that ended June 29, Fidelity National Financial Inc. had $2.69 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $289.0 million in the quarter, while revenues were shrunk -153.29%. The analyst consensus anticipated Fidelity National Financial Inc.’s latest quarter earnings to come in at $1.61 per share, but it turned out to be $1.9, a 18.00% surprise. For the quarter, EBITDA amounted to $568.0 million. At the end of the quarter ending June 29, Fidelity National Financial Inc.’s stock balance sheet showed total debt was $3.52 billion. Shareholders own equity worth $272.13 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Fidelity National Financial Inc. (FNF) price momentum. RSI 9-day as of the close on 30 December was 50.03%, suggesting the stock is Neutral, with historical volatility in this time frame at 29.53%.

As of today, FNF’s price is $37.58 +0.88% or $0.33 from its 5-day moving average. FNF is currently trading -2.39% lower than its 20-day SMA and -2.79% lower than its 100-day SMA. However, the stock’s current price level is +1.95% above the SMA50 and -23.82% below the SMA200.

The stochastic %K and %D were 39.18% and 39.29%, respectively, and the average true range (ATR) was 1.00. With the 14-day stochastic at 44.20% and the average true range at 1.05, the RSI (14) stands at 48.38%. The stock has reached 0.16 on the 9-day MACD Oscillator while the 14-day reading was at 0.05.

Analyst Ratings

BTIG Research launched coverage on Fidelity National Financial Inc. (NYSE: FNF) in its analyst report released on February 02, 2022. The firm assigned the stock a Neutral rating.

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