Fidelity National Financial, Inc. (NYSE:FNF) saw a large growth in short interest in the month of October. As of October 13th, there was short interest totalling 3,051,696 shares, a growth of 58.9% from the September 29th total of 1,920,940 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 1,929,956 shares, the short-interest ratio is currently 1.6 days.

In related news, insider Brent B. Bickett sold 80,000 shares of Fidelity National Financial stock in a transaction on Monday, September 18th. The stock was sold at an average price of $48.21, for a total transaction of $3,856,800.00. Following the completion of the sale, the insider now directly owns 584,367 shares of the company’s stock, valued at $28,172,333.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Janet Kerr sold 786 shares of Fidelity National Financial stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $48.41, for a total value of $38,050.26. Following the sale, the director now directly owns 11,817 shares of the company’s stock, valued at $572,060.97. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Fidelity National Financial by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 22,037,492 shares of the financial services provider’s stock worth $987,941,000 after purchasing an additional 413,840 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Fidelity National Financial by 65.0% during the 2nd quarter. Principal Financial Group Inc. now owns 17,770,127 shares of the financial services provider’s stock worth $796,636,000 after purchasing an additional 7,000,057 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Fidelity National Financial by 28.0% during the 2nd quarter. Alliancebernstein L.P. now owns 5,965,608 shares of the financial services provider’s stock worth $267,438,000 after purchasing an additional 1,303,871 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Fidelity National Financial by 8.7% during the 3rd quarter. Victory Capital Management Inc. now owns 4,698,531 shares of the financial services provider’s stock worth $222,993,000 after purchasing an additional 375,435 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Fidelity National Financial by 4.1% during the 2nd quarter. Wells Fargo & Company MN now owns 4,217,229 shares of the financial services provider’s stock worth $189,058,000 after purchasing an additional 166,745 shares in the last quarter. Hedge funds and other institutional investors own 81.83% of the company’s stock.

Fidelity National Financial (FNF) opened at 37.15 on Tuesday. The firm’s 50-day moving average price is $34.77 and its 200 day moving average price is $32.73. Fidelity National Financial has a 12-month low of $31.64 and a 12-month high of $37.25. The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of 16.20 and a beta of 0.92.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. Fidelity National Financial had a return on equity of 11.09% and a net margin of 7.77%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the business posted $0.69 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. On average, analysts expect that Fidelity National Financial will post $2.43 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.27 per share. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Thursday, December 14th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 55.79%.

A number of brokerages recently commented on FNF. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $37.00 price objective on shares of Fidelity National Financial in a research note on Sunday. Barclays PLC lifted their price objective on Fidelity National Financial from $36.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $41.00 price objective on shares of Fidelity National Financial in a research note on Friday, October 20th. Finally, Zacks Investment Research cut Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $44.17.

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Fidelity National Financial Company Profile

Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.

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