Fidelity National Financial Inc (NYSE: FNF) has seen a decline in its stock price by -1.35 in relation to its previous close of 60.79. However, the company has experienced a -4.45% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-23 that JACKSONVILLE, Fla., Oct. 23, 2024 /PRNewswire/ — Fidelity National Financial, Inc. (NYSE: FNF) (“FNF”), a leading provider of title insurance and transaction services to the real estate and mortgage industries and a leading provider of insurance solutions serving retail annuity and life customers and institutional clients through its majority-owned, publicly traded subsidiary F&G Annuities & Life, Inc. (NYSE:FG) (“F&G”), will release third quarter 2024 earnings after the close of regular market trading on Wednesday, November 6, 2024.
Is It Worth Investing in Fidelity National Financial Inc (NYSE: FNF) Right Now?
The price-to-earnings ratio for Fidelity National Financial Inc (NYSE: FNF) is above average at 17.90x. The 36-month beta value for FNF is also noteworthy at 1.38. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for FNF is 257.38M, and at present, short sellers hold a 0.86% of that float. The average trading volume of FNF on October 24, 2024 was 977.17K shares.
FNF’s Market Performance
FNF’s stock has seen a -4.45% decrease for the week, with a -1.28% drop in the past month and a 11.86% gain in the past quarter. The volatility ratio for the week is 1.76%, and the volatility levels for the past 30 days are at 1.79% for Fidelity National Financial Inc The simple moving average for the past 20 days is -1.54% for FNF’s stock, with a 12.86% simple moving average for the past 200 days.
Analysts’ Opinion of FNF
Barclays, on the other hand, stated in their research note that they expect to see FNF reach a price target of $44. The rating they have provided for FNF stocks is “Equal Weight” according to the report published on November 15th, 2023.
Keefe Bruyette gave a rating of “Mkt Perform” to FNF, setting the target price at $43 in the report published on October 02nd of the previous year.
FNF Trading at 0.37% from the 50-Day Moving Average
After a stumble in the market that brought FNF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.76% of loss for the given period.
Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 1.76%, as shares sank -0.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.72% upper at present.
During the last 5 trading sessions, FNF fell by -4.45%, which changed the moving average for the period of 200-days by +21.89% in comparison to the 20-day moving average, which settled at $60.91. In addition, Fidelity National Financial Inc saw 17.54% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FNF starting from Dhanidina Halim, who sale 1,700 shares at the price of $60.85 back on Sep 18 ’24. After this action, Dhanidina Halim now owns 13,206 shares of Fidelity National Financial Inc, valued at $103,439 using the latest closing price.
Dhanidina Halim, the Director of Fidelity National Financial Inc, proposed sale 1,700 shares at $60.85 during a trade that took place back on Sep 18 ’24, which means that Dhanidina Halim is holding shares at $103,439 based on the most recent closing price.
Stock Fundamentals for FNF
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.88 for the gross margin
The net margin for Fidelity National Financial Inc stands at 0.07. The total capital return value is set at 0.01. Equity return is now at value 13.51, with 1.27 for asset returns.
Based on Fidelity National Financial Inc (FNF), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 1.57. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is 6.11.
Currently, EBITDA for the company is 609.0 million with net debt to EBITDA at -0.66. When we switch over and look at the enterprise to sales, we see a ratio of 1.27. The receivables turnover for the company is 1.11for trailing twelve months and the total asset turnover is 0.16.
Conclusion
In summary, Fidelity National Financial Inc (FNF) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
