During the last session, Fidelity National Financial Inc (NYSE:FNF)’s traded shares were 0.86 million, with the beta value of the company hitting 1.39. At the end of the trading day, the stock’s price was $58.80, reflecting an intraday loss of -2.28% or -$1.37. The 52-week high for the FNF share is $62.97, that puts it down -7.09 from that peak though still a striking 33.74% gain since the share price plummeted to a 52-week low of $38.96. The company’s market capitalization is $16.08B, and the average intraday trading volume over the past 10 days was 0.93 million shares, and the average trade volume was 965.65K shares over the past three months.
Fidelity National Financial Inc (FNF) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.33. FNF has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.39.
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Fidelity National Financial Inc (NYSE:FNF) trade information
Fidelity National Financial Inc (FNF) registered a -2.28% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.28% in intraday trading to $58.80, hitting a weekly high. The stock’s 5-day price performance is -1.93%, and it has moved by -3.18% in 30 days. Based on these gigs, the overall price performance for the year is 45.80%. The short interest in Fidelity National Financial Inc (NYSE:FNF) is 3.96 million shares and it means that shorts have 3.37 day(s) to cover.
The consensus price target of analysts on Wall Street is $59.5, which implies an increase of 1.18% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $59 and $60 respectively. As a result, FNF is trading at a discount of -2.04% off the target high and -0.34% off the low.
Fidelity National Financial Inc (FNF) estimates and forecasts
Statistics show that Fidelity National Financial Inc has outperformed its competitors in share price, compared to the industry in which it operates. Fidelity National Financial Inc (FNF) shares have gone up 14.13% during the last six months, with a year-to-date growth rate more than the industry average at 27.61% against 7.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 13.00% this quarter and then jump 60.00% in the quarter after that. In the rating firms’ projections, revenue will increase 10.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.32B as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 3.3B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.78B and 3.43B respectively. In this case, analysts expect current quarter sales to grow by 19.30% and then drop by -3.90% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -3.32%. While earnings are projected to return 29.34% in 2024, the next five years will return -11.03% per annum.
FNF Dividends
Fidelity National Financial Inc is due to release its next quarterly earnings on 2024-Nov-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Fidelity National Financial Inc is 1.92, with the dividend yield indicating at 3.27 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.83%.
Fidelity National Financial Inc (NYSE:FNF)’s Major holders
Fidelity National Financial Inc insiders own 5.18% of total outstanding shares while institutional holders control 82.51%, with the float percentage being 87.02%. BLACKROCK INC. is the largest shareholder of the company, while 893.0 institutions own stock in it. As of 2024-06-30, the company held over 39.06 million shares (or 14.4123% of all shares), a total value of $1.93 billion in shares.
The next largest institutional holding, with 26.9 million shares, is of VANGUARD GROUP INC’s that is approximately 9.9262% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.33 billion.
