Fidelity National Financial Inc. (NYSE:FNF) saw an upside of 2.45% to $40.62 after adding $0.97 on Wednesday. The 5-day average trading volume is 872,950 shares of the company’s common stock. It has gained $41.14 in the past week and touched a new high 4 times within the past 5 days. An average of 1,000,307 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,290,647.
FNF’s 1-month performance is 11.56% or $4.96 on its low of $35.84 reached on 07/10/23. The company’s shares have touched a 52-week low of $31.84 and high of $45.51, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, FNF has achieved 7.97% or $3.10 and has reached a new high 15 times. However, the current price is down -10.74% from the 52-week high price.
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Insider Transactions
FNF stock investors last saw insider trading activity on Dec 05.LANE DANIEL D (Director) most recently sold 5,531 shares at $37.44 per share on Dec 05. This transaction cost the insider $207,053. Director, Shea Peter O Jr, sold 13,389 shares at a price of $40.83 on Sep 14. Then, on Aug 19, EVP, Chief Legal Officer SADOWSKI PETER T sold 22,500 shares at a price of $40.85 per share. This transaction amounted to $919,231.
Valuation Metrics
FNF stock has a beta of 1.36. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.00 while the price-to-book (PB) in the most recent quarter is 1.77, with the price to cash flow ratio at 2.42.
As well, the company’s long term debt to equity for the quarter ending March 30 was 0.60, while the total debt to equity was 0.60. The firm’s gross profit as reported stood at $1.55 billion against revenue of $11.56 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -683.82% to $68.0 million, while revenue of $289.0 million was -325.0% off the previous quarter. Analysts expected FNF to announce $0.81 per share in earnings in its latest quarter, but it posted $0.52, representing a -35.80% surprise. EBITDA for the quarter stood at more than $102.0 million. Shareholders hold equity totaling $272.19 million.
Let’s look briefly at Fidelity National Financial Inc. (FNF) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 79.47% to suggest the stock is trending Overbought, with historical volatility in this time period at 16.21%.
The stock’s 5-day moving average is $39.71, reflecting a +4.30% or $1.68 change from its current price. FNF is currently trading +9.73% above its 20-day SMA, +23.36% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +17.25% and SMA200 by+11.26%.
Stochastic %K and %D was 86.12% and 80.83% and the average true range (ATR) pointed at 0.80. The RSI (14) points at 75.94%, while the 14-day stochastic is at 87.12% with the period’s ATR at 0.76. The stock’s 9-day MACD Oscillator is pointing at 0.62 and 1.07 on the 14-day charts.
Analyst Ratings
What is FNF’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $41.00 and a high of $48.00, with their median price target at $45.50. Looking at these predictions, the average price target given by analysts is for Fidelity National Financial Inc. (FNF) stock is $45.00.
