Fidelity National Financial, Inc. (NYSE:FNF) Short Interest Up 7.2% in November

Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,230,000 shares, a growth of 7.2% from the October 31st total of 2,080,000 shares. Based on an average daily volume of 1,020,000 shares, the short-interest ratio is presently 2.2 days. Approximately 0.9% of the company's shares are short sold.

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the transaction, the director now owns 13,206 shares in the company, valued at approximately $803,585.10. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fidelity National Financial

A number of large investors have recently bought and sold shares of the stock. Tidal Investments LLC raised its stake in shares of Fidelity National Financial by 38.9% in the third quarter. Tidal Investments LLC now owns 6,756 shares of the financial services provider's stock worth $419,000 after purchasing an additional 1,892 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Fidelity National Financial during the third quarter valued at approximately $672,000. Sanctuary Advisors LLC raised its holdings in shares of Fidelity National Financial by 136.9% in the third quarter. Sanctuary Advisors LLC now owns 157,438 shares of the financial services provider's stock worth $9,752,000 after buying an additional 90,968 shares during the period. Virtue Capital Management LLC raised its holdings in shares of Fidelity National Financial by 1.9% in the third quarter. Virtue Capital Management LLC now owns 15,842 shares of the financial services provider's stock worth $983,000 after buying an additional 296 shares during the period. Finally, Sunbelt Securities Inc. increased its holdings in Fidelity National Financial by 867.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,287 shares of the financial services provider's stock worth $80,000 after purchasing an additional 1,154 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays upped their target price on Fidelity National Financial from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. 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. Truist Financial boosted their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods boosted their price target on Fidelity National Financial from $58.00 to $63.00 and gave the stock a "market perform" rating in a report on Wednesday, September 4th. Finally, Stephens reissued an "overweight" rating and issued a $63.00 price target on shares of Fidelity National Financial in a research note on Thursday, August 15th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of "Hold" and a consensus target price of $63.60.

Fidelity National Financial Stock Down 0.4 %

Shares of FNF stock traded down $0.26 during trading on Tuesday, hitting $62.78. 998,304 shares of the company were exchanged, compared to its average volume of 1,199,173. The business's 50-day simple moving average is $60.96 and its 200 day simple moving average is $56.27. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial has a twelve month low of $44.80 and a twelve month high of $64.83. The firm has a market capitalization of $17.18 billion, a price-to-earnings ratio of 22.84 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the company posted $1.23 EPS. The company's quarterly revenue was up 29.7% compared to the same quarter last year. As a group, analysts forecast that Fidelity National Financial will post 4.5 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Tuesday, December 17th. This is an increase from Fidelity National Financial's previous quarterly dividend of $0.48. Fidelity National Financial's dividend payout ratio is 69.82%.

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.