The closing price of Fidelity National Financial Inc (NYSE: FNF) was $48.28 for the day, down -8.53% from the previous closing price of $52.78. In other words, the price has decreased by -$4.50 from its previous closing price. On the day, 3098281 shares were traded. FNF stock price reached its highest trading level at $51.09 during the session, while it also had its lowest trading level at $47.66.
Ratios:
Our analysis of FNF’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.62 whereas as Long-Term Debt/Eq ratio is at 0.55.
On November 15, 2023, Barclays started tracking the stock assigning a Equal Weight rating and target price of $44.
Keefe Bruyette Downgraded its Outperform to Mkt Perform on October 02, 2023, whereas the target price for the stock was revised from $45 to $43.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 04 ’24 when THOMPSON CARY H sold 23,410 shares for $51.11 per share. The transaction valued at 1,196,473 led to the insider holds 40,317 shares of the business.
LANE DANIEL D sold 6,131 shares of FNF for $295,465 on Jan 17 ’24. The Director now owns 271,495 shares after completing the transaction at $48.19 per share. On Jan 12 ’24, another insider, Dhanidina Halim, who serves as the Director of the company, sold 3,265 shares for $49.34 each. As a result, the insider received 161,095 and left with 17,906 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FNF now has a Market Capitalization of 14.42B and an Enterprise Value of 16.20B. As of this moment, Fidelity’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.32, and their Forward P/E ratio for the next fiscal year is 8.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.12 while its Price-to-Book (P/B) ratio in mrq is 1.91. Its current Enterprise Value per Revenue stands at 1.41.
Stock Price History:
Over the past 52 weeks, FNF has reached a high of $53.96, while it has fallen to a 52-week low of $32.02. The 50-Day Moving Average of the stock is 51.15, while the 200-Day Moving Average is calculated to be 44.59.
Shares Statistics:
FNF traded an average of 1.62M shares per day over the past three months and 1.44M shares per day over the past ten days. A total of 273.25M shares are outstanding, with a floating share count of 258.15M. Insiders hold about 5.51% of the company’s shares, while institutions hold 83.19% stake in the company. Shares short for FNF as of Feb 15, 2023 were 3.96M with a Short Ratio of 2.69, compared to 4.12M on Dec 30, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.45% and a Short% of Float of 1.76%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.83, FNF has a forward annual dividend rate of 1.86. Against a Trailing Annual Dividend Yield of 3.47%, it implies a Forward Annual Dividend Yield of 3.64%. The stock’s 5-year Average Dividend Yield is 3.76. The current Payout Ratio is 95.92% for FNF, which recently paid a dividend on Mar 29, 2024 with an ex-dividend date of Mar 14, 2024. Stock splits for the company last occurred on Oct 02, 2017 when the company split stock in a 1385:1000 ratio.
Earnings Estimates
The firm’s stock currently is rated by 6 analysts. On average, analysts expect EPS of $0.83 for the current quarter, with a high estimate of $0.95 and a low estimate of $0.78, while EPS last year was $0.52. The consensus estimate for the next quarter is $1.31, with high estimates of $1.34 and low estimates of $1.27.
Analysts are recommending an EPS of between $5.15 and $4.49 for the fiscal current year, implying an average EPS of $4.83. EPS for the following year is $5.66, with 5 analysts recommending between $6.15 and $5.37.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $2.94B to a low estimate of $2.52B. As of the current estimate, Fidelity National Financial Inc’s year-ago sales were $2.42B, an estimated increase of 13.50% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $3.23B, an increase of 4.70% less than the figure of $13.50% in the same quarter last year. There is a high estimate of $3.49B for the next quarter, whereas the lowest estimate is $2.92B.
A total of 5 analysts have provided revenue estimates for FNF’s current fiscal year. The highest revenue estimate was $14.36B, while the lowest revenue estimate was $11.55B, resulting in an average revenue estimate of $12.87B. In the same quarter a year ago, actual revenue was $11.75B, up 9.50% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $14.14B in the next fiscal year. The high estimate is $15.94B and the low estimate is $12.7B. The average revenue growth estimate for next year is up 9.80% from the average revenue estimate for this year.
