Fidelity National Financial Sees Large Growth in Short Interest (FNF)
Fidelity National Financial (NYSE:FNF) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 9,332,188 shares, an increase of Infinity from the June 30th total of 0 shares, American Banking and Market News reports. Based on an average daily volume of 2,850,903 shares, the days-to-cover ratio is presently 3.3 days. Currently, 0.0% of the company’s stock are short sold.
FNF has been the subject of a number of recent research reports. Analysts at SunTrust initiated coverage on shares of Fidelity National Financial in a research note on Monday, July 21st. They set a “buy” rating and a $34.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Fidelity National Financial from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 15th. They now have a $26.10 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Financial from $37.00 to $33.00 in a research note on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $32.02.
Fidelity National Financial (NYSE:FNF) opened at 26.59 on Thursday. Fidelity National Financial has a 1-year low of $19.4408 and a 1-year high of $28.90. The stock has a 50-day moving average of $27.37 and a 200-day moving average of $26.6. The company has a market cap of $7.286 billion and a price-to-earnings ratio of 23.06.
Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.01. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the company posted $0.68 earnings per share. Fidelity National Financial’s revenue was up 2.7% compared to the same quarter last year. Analysts expect that Fidelity National Financial will post $1.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.71%.
Fidelity National Financial, Inc (NYSE:FNF) is a holding company.
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