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

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

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, CFO Anthony Park sold 85,000 shares of the company’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 completion of the transaction, the chief financial officer now directly owns 99,049 shares in the company, valued at $5,033,670.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of Fidelity National Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Opal Wealth Advisors LLC purchased a new position in Fidelity National Financial during the second quarter worth about $26,000. V Square Quantitative Management LLC acquired a new position in shares of Fidelity National Financial in the 4th quarter worth approximately $27,000. New Covenant Trust Company N.A. purchased a new position in shares of Fidelity National Financial during the 1st quarter worth approximately $30,000. Mather Group LLC. acquired a new stake in Fidelity National Financial in the 1st quarter valued at approximately $31,000. Finally, Covestor Ltd raised its position in 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 purchasing an additional 303 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $59.08 on Tuesday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.50. The stock has a market cap of $16.14 billion, a P/E ratio of 19.43 and a beta of 1.35. The company has a 50-day moving average price of $52.92 and a 200 day moving average price of $51.52. Fidelity National Financial has a 12-month low of $37.10 and a 12-month high of $59.39.

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

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Monday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

Analyst Ratings Changes

Several research firms have commented on FNF. Stephens reiterated an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft boosted their price target on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $53.00 target price on shares of Fidelity National Financial in a report on Tuesday, August 6th. Finally, Truist Financial raised 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Financial has a consensus rating of “Hold” and a consensus target price of $59.80.

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.