Fidelity National Financial Inc. (NYSE: FNF) stock fell -0.77% on Thursday to $42.29 against a previous-day closing price of $42.62. With 2.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.36 million shares. During the session, the Insurance – Specialty company that operates in wider Financial sector, reached to the highest price of $42.81 whereas the lowest price it dropped to was $42.27. The 52-week range on FNF shows that it touched its highest point at $45.51 and its lowest point at $31.84 during that stretch. It currently has a 1-year price target of $48.25. With its current market cap of 11.56 billion, FNF has annualized dividend of $1.80 while the current yield stands at 4.26%. Beta for the stock currently stands at 1.35.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FNF was down-trending over the past week, with a drop of -1.63%, but this was up by 3.10% over a month. Three-month performance surged to 22.05% while six-month performance rose 26.16%. The stock gained 8.01% in the past year, while it has gained 12.41% so far this year. A look at the trailing 12-month EPS for FNF yields 1.89 with Next year EPS estimates of 5.04. For the next quarter, that number is 1.15. This implies an EPS growth rate of -51.20% for this year and 35.70% for next year. EPS is expected to decline by -11.03% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 22.00%.
Float and Shares Shorts:
At present, 270.00 million FNF shares are outstanding with a float of 257.51 million shares on hand for trading. On Feb 14, 2023, short shares totaled 3.96 million, which was 1.45% higher than short shares on Dec 29, 2022. In addition to Mr. Michael Joseph Nolan as the firm’s Chief Exec. Officer, Mr. Raymond Randall Quirk serves as its Exec. Vice-Chairman.
Through their ownership of 82.64% of FNF’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 6.00% of FNF, in contrast to 40.84% held by mutual funds. Shares owned by individuals account for 39.38%. As the largest shareholder in FNF with 9.80% of the stake, The Vanguard Group, Inc. holds 26,673,543 shares worth 26,673,543. A second-largest stockholder of FNF, BlackRock Fund Advisors, holds 18,031,329 shares, controlling over 6.63% of the firm’s shares. The WindAcre Partnership LLC is the third largest shareholder in FNF, holding 14,702,900 shares or 5.40% stake. With a 2.96% stake in FNF, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 8,050,566 shares are owned by the mutual fund manager. The iShares Tr. – Select Dividend ETF, which owns about 2.57% of FNF stock, is the second-largest Mutual Fund holder. It holds 6,994,951 shares valued at 273.99 million. Vanguard Mid Cap Index Fund holds 2.20% of the stake in FNF, owning 5,982,845 shares worth 234.35 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FNF since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FNF analysts setting a high price target of $52.00 and a low target of $45.00, the average target price over the next 12 months is $48.25. Based on these targets, FNF could surge 22.96% to reach the target high and rise by 6.41% to reach the target low. Reaching the average price target will result in a growth of 14.09% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded FNF stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 16 over the past year. The total number of shares bought during that period was 402,531 while 106,921 shares were sold.