Fidelity National Financial Target of Unusually High Options Trading (NYSE:FNF)

Fidelity National Financial Inc (NYSE:FNF) saw unusually large options trading on Tuesday. Traders bought 6,749 call options on the company. This is an increase of 1,152% compared to the average volume of 539 call options.

Shares of NYSE FNF opened at $32.60 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.16. The firm has a market cap of $8.68 billion, a PE ratio of 11.40 and a beta of 1.28. The company’s fifty day simple moving average is $27.07 and its 200 day simple moving average is $38.23. Fidelity National Financial has a 12-month low of $19.00 and a 12-month high of $49.28.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.13. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.83 billion. Fidelity National Financial had a net margin of 9.51% and a return on equity of 19.93%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. On average, equities analysts predict that Fidelity National Financial will post 2.44 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 18th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.32 annualized dividend and a yield of 4.05%. Fidelity National Financial’s payout ratio is currently 38.94%.

Several research firms have issued reports on FNF. SunTrust Banks raised their price target on shares of Fidelity National Financial from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Zacks Investment Research downgraded shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a research note on Thursday, May 7th. TheStreet cut shares of Fidelity National Financial from a “b-” rating to a “c” rating in a research report on Tuesday, March 24th. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a “market perform” rating to an “outperform” rating in a report on Sunday, April 19th. Finally, Compass Point downgraded Fidelity National Financial from a “buy” rating to a “neutral” rating and set a $29.00 price objective on the stock. in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $40.40.

Institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in shares of Fidelity National Financial in the 4th quarter worth $158,261,000. AQR Capital Management LLC raised its holdings in Fidelity National Financial by 83.2% during the first quarter. AQR Capital Management LLC now owns 3,824,058 shares of the financial services provider’s stock worth $95,143,000 after buying an additional 1,736,871 shares during the last quarter. Unigestion Holding SA acquired a new position in Fidelity National Financial during the first quarter worth $30,644,000. Invesco Ltd. lifted its stake in shares of Fidelity National Financial by 26.2% in the first quarter. Invesco Ltd. now owns 4,991,919 shares of the financial services provider’s stock valued at $124,197,000 after buying an additional 1,036,602 shares in the last quarter. Finally, Pictet Asset Management Ltd. grew its holdings in shares of Fidelity National Financial by 36.4% during the first quarter. Pictet Asset Management Ltd. now owns 3,328,146 shares of the financial services provider’s stock valued at $82,804,000 after buying an additional 888,556 shares during the last quarter. 80.77% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.

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