Shares are trading at $37.42 a tad higher than $34.85, the 50 day moving average and significantly higher than the 200 day moving average of $32.76. The 50 day moving average was up by +7.38% and the 200 day average went up by +14.22%. 1,181K shares changed hands by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 41.13% under the normal average daily volume.
Traders are feeling more bearish on the company lately looking at the rise in short interest. The firm realized a rise in short interest between September 29, 2017 and October 13, 2017 of 58.86%. Short interest grew 1,130,756 over that timeframe. With short interest at 3,051,696 and short average daily volume at 1,929,956, days to cover is 2.0 and the percentage of shorted shares is 0.02% as of October 13.
FNF Group of Fidelity National (NYSE:FNF) has been the object of insider selling activity recently. Janet Kerr, Director sold $38,050 worth of shares at an average price of $48.41 on Tue the 19th. The Director now owns $572,061 of the stock per an SEC filing yesterday.
Additionally, here are a few investment firms who have increased or decreased their stake in (FNF). Aperio Group, LLC added to its stake by buying 15,475 shares an increase of 28.1% in the quarter. Aperio Group, LLC currently owns 70,614 shares with a value of $3,351,000. The total value of its holdings increased 35.6%. As of the end of the quarter Korea Investment Corp had sold a total of 4,400 shares trimming its position 2.8%. The value in dollars went from $7,077,000 to $7,283,000 a change of 2.9% for the reporting period.
Parametrica Management Ltd augmented its investment by buying 7,287 shares an increase of 132.6% as of 09/30/2017. Parametrica Management Ltd owns 12,781 shares valued at $438,000. The value of the position overall is up by 78.0%. As of quarter end Andra Ap-fonden had acquired 25,015 shares growing its holdings by 12.8%. The value of the company’s investment in FNF Group of Fidelity National increased from $8,764,000 to $10,465,000 a change of $1,701,000 quarter to quarter.
October 27 investment analysts at Barclays kept the stock rating at “Overweight” and lowered the price target to $41.00 from $46.00.
In the market the company is trading up by 0.73% since yesterday’s close of $37.42. FNF Group of Fidelity National announced a dividend that will be paid on Friday the 29th of December 2017. The dividend payment will be $0.270 per share for the quarter or $1.08 on an annualized basis. This dividend amount will represent a yield of $2.93. The ex-dividend date has been established as Thursday the 14th of September 2017.
FNF Group of Fidelity National currently has a P/E ratio of 16.32 and the market cap of the company is 10.21B. In the latest earnings report the EPS was $2.29 and is expected to be $2.46 for the current year with 272,833,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.37 with next year’s EPS anticipated to be $2.45.
Fidelity National Financial, Inc. (FNF), launched on May 24, 2005, is a holding company. The Company is a provider of title insurance, technology and transaction services to the real estate and mortgage industries. The Business’s segments include Title, Black Knight, FNF Core Corporate and Other, Restaurant Group, and FNFV Corporate and Other. Its business is organized into groups, including FNF Group and FNF Ventures (FNFV). The Company offers title insurance through its title insurance underwriters: Fidelity National Title Insurance Company, Chicago Title Insurance Company, Commonwealth Land Title Insurance Company, Alamo Title Insurance and National Title Insurance of New York Inc., which collectively issue title insurance policies. The Company, through its subsidiary, ServiceLink Holdings, LLC (ServiceLink), provides mortgage transaction services, including title-related services and facilitation of production and management of mortgage loans. FNF Group also provides mortgage technology solutions, including MSP, a residential mortgage servicing technology platform in the United States, through its subsidiary, Black Knight Financial Services, Inc. (Black Knight). The Company, through its FNFV group, owns investment stakes in a number of entities, including American Blue Ribbon Holdings, LLC (ABRH), Ceridian HCM, Inc. (Ceridian) and Digital Insurance, Inc. (OneDigital)..Advertisement