In last trading session, Fidelity National Financial Inc. (NYSE:FNF) saw 36.02 million shares changing hands with its beta currently measuring 1.35. Company’s recent per share price level of $42.82 trading at $0.53 or 1.25% at ring of the bell on the day assigns it a market valuation of $11.71B. That closing price of FNF’s stock is at a discount of -6.28% from its 52-week high price of $45.51 and is indicating a premium of 25.64% from its 52-week low price of $31.84. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.68 million shares which gives us an average trading volume of 1.39 million if we extend that period to 3-months.
For Fidelity National Financial Inc. (FNF), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $Franco-Nevada Corporation in the current quarter.
Fidelity National Financial Inc. (NYSE:FNF) trade information
Upright in the green during last session for gaining 1.25%, in the last five days FNF remained trading in the green while hitting it’s week-highest on Tuesday, 09/12/23 when the stock touched $42.82 price level, adding 1.92% to its value on the day. Fidelity National Financial Inc.’s shares saw a change of 13.82% in year-to-date performance and have moved 0.05% in past 5-day. Fidelity National Financial Inc. (NYSE:FNF) showed a performance of 4.36% in past 30-days. Number of shares sold short was 3.96 million shares which calculate 3.37 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $48.25 to the stock, which implies a rise of 11.25% to its current value. Analysts have been projecting $45.00 as a low price target for the stock while placing it at a high target of $52.00. It follows that stock’s current price would drop -21.44% in reaching the projected high whereas dropping to the targeted low would mean a loss of -5.09% for stock’s current value.
Fidelity National Financial Inc. (FNF) estimates and forecasts
Statistics highlight that Fidelity National Financial Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 29.72% of value to its shares in past 6 months, showing an annual growth rate of -30.97% while that of industry is 7.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2023.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 22.00% during past 5 years. In 2023, company’s earnings growth rate is likely to be around -51.20% while estimates for its earnings growth in next 5 years are of -11.03%.
Fidelity National Financial Inc. is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Fidelity National Financial Inc. (NYSE:FNF)’s Major holders
Insiders are in possession of 5.39% of company’s total shares while institution are holding 82.64 percent of that, with stock having share float percentage of 87.35%. Investors also watch the number of corporate investors in a company very closely, which is 82.64% institutions for Fidelity National Financial Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at FNF for having 37.79 million shares of worth $1.36 billion. And as of Jun 29, 2023, it was holding 13.89% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 27.3 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 10.03% of outstanding shares, having a total worth of $982.72 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Select Dividend ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 8.06 million shares of worth $290.12 million or 2.96% of the total outstanding shares. The later fund manager was in possession of 7.0 million shares on Jul 30, 2023, making its stake of worth around $274.23 million in the company or a holder of 2.57% of company’s stock.