The stock of Fidelity National Financial Inc. (NYSE:FNF) decreased by -$1.02 on Tuesday to finish at $41.02, down -2.43 percent. The last five days have seen an average of 1,336,560 shares of common stock traded. 15 times new highs were reached in the current year, with a gain of $3.40. The average number of shares traded over the last 20 days was 1,087,945, while the average volume over the last 50 days totaled 1,234,228.
FNF stock appreciated 8.03% since last month. On 07/17/23, the company’s shares reached a one-month low of $37.51. The stock touched a high of $45.51 on 02/02/23, after rallying from a low of $31.84 in 52 weeks. The price of FNF stock has risen by 9.04% or $3.40 this year, reaching a new high 15 times. Still, the stock price is down -9.87% from the 52-week high.
Insider Transactions
FNF stock investors should be aware that Fidelity National Financial Inc. (FNF) stock had its last reported insider trading activity 254 days ago on Dec 05. On Dec 05, Director LANE DANIEL D sold 5,531 shares at $37.44 each. This transaction resulted in the insider making $207,053. On Sep 14, Shea Peter O Jr sold 13,389 shares at a price of US$40.83. After the transaction, the insider now owns 200,642 shares. EVP, Chief Legal Officer SADOWSKI PETER T had earlier sold 22,500 shares on Aug 19 for $40.85 a share. The transaction was completed for $919,231.
Valuation Metrics
Fidelity National Financial Inc. (FNF) has a trailing price-to-earnings (P/E) ratio of 21.69. Beta for the stock is 1.35. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.98, the price-to-book (PB) ratio of 1.78, and the price-to-cash flow ratio of 1.89.
Company paid $0.45 per share in dividends, remained unchanged from $0.45 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.59, and the total debt to equity ratio is 0.59. Fidelity National Financial Inc.’s operating margin stood at 7.40% for the same period. Based on annual data, it had gross profit of $1.55 billion and revenue of $11.56 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FNF’s return on assets (ROA) during the last 12 months has been 0.80%. There was a 13.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 8.50%.
Earnings Surprise
According to Fidelity National Financial Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.07 billion, while revenues fell by -3.16% to $2.55 billion. It was predicted that Fidelity National Financial Inc.’s quarterly earnings would be $1.01, but it ended up being $1.01. EBITDA was $526.0 million for the quarter. At the end of Fidelity National Financial Inc.’s most recent quarter ended June 29, its total debt was $4.11 billion. Equity owned by shareholders amounts to $272.17 million.
Technical Picture
Here’s a quick look at Fidelity National Financial Inc.’s (FNF) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 64.17%, suggesting the stock is Neutral, with a 24.71% historical volatility rate.
The stochastic %K and %D were 85.87% and 90.47% respectively, while the average true range (ATR) was 0.83. Based on the 14-day stochastic reading of 66.25%, the RSI (14) reading is 66.83%. On the 9-day MACD Oscillator, the stock is at 1.10, and the 14-day reading is at 1.66.
Analyst Ratings
Analysts have assigned Fidelity National Financial Inc. (FNF) an Overweight rating. FNF is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is FNF’s price target for the next 12 months?
The current consensus forecast for the stock is between $45.00 and $52.00, with a median target price of $48.00. In analyzing these forecasts, the average price target given by analysts for Fidelity National Financial Inc. (FNF) is $48.25.
