Fidelity National Financial Sees Unusually High Options Volume (NYSE:FNF)

Fidelity National Financial, Inc. (NYSE:FNF) was the target of unusually large options trading activity on Monday. Investors purchased 10,505 put options on the company. This is an increase of approximately 3,036% compared to the typical daily volume of 335 put options.

Insider Buying and Selling

In related news, CFO Anthony Park sold 85,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the transaction, the chief financial officer now owns 99,049 shares of the company’s stock, valued at $5,033,670.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Opal Wealth Advisors LLC bought a new position in shares of Fidelity National Financial in the second quarter valued at about $26,000. V Square Quantitative Management LLC bought a new position in shares of Fidelity National Financial in the fourth quarter valued at about $27,000. New Covenant Trust Company N.A. bought a new position in shares of Fidelity National Financial in the first quarter valued at about $30,000. Mather Group LLC. bought a new position in shares of Fidelity National Financial in the first quarter valued at about $31,000. Finally, Covestor Ltd raised its holdings in shares of Fidelity National Financial by 109.0% in the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after buying an additional 303 shares during the last quarter. 81.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Stephens reiterated an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a research note on Thursday, August 15th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $53.00 price target on shares of Fidelity National Financial in a research note on Tuesday, August 6th. 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 research note on Wednesday, August 7th. Truist Financial lifted their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $59.80.

Fidelity National Financial Stock Down 1.2 %

Shares of NYSE:FNF opened at $58.40 on Wednesday. Fidelity National Financial has a 52 week low of $37.10 and a 52 week high of $59.39. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21. The company’s fifty day moving average is $53.11 and its 200-day moving average is $51.57. The company has a market capitalization of $15.96 billion, a PE ratio of 19.21 and a beta of 1.35.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.03). Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the firm posted $1.01 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts predict that Fidelity National Financial will post 4.58 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.29%. Fidelity National Financial’s dividend payout ratio is 63.16%.

About Fidelity National Financial

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.