Fidelity National Financial Inc. [NYSE: FNF] stock went on a downward path that fall over -1.52% on Wednesday, amounting to a one-week price decrease of less than -5.86%. The company report on June 23, 2021 that ServiceLink Survey Reveals How COVID-19 Pandemic Spurred Shifts in Homebuying Trends.
The ServiceLink State of Homebuying Report demonstrates the role of technology in homebuying and refinancing processes.
COVID-19 dramatically shifted the way people bought and sold homes over the last year. Like many industries, the real estate industry was forced to quickly pivot to adapt to social distancing, mask requirements and shutdowns. A new survey report, released from ServiceLink, part of the FNF family of companies and the nation’s premier provider of tech-enabled mortgage services, examines consumers’ attitudes and experiences when it comes to homebuying and refinancing, particularly over the last year, as well as the role technology plays throughout the homebuying process.
Over the last 12 months, FNF stock rose by 36.80%. The one-year Fidelity National Financial Inc. stock forecast points to a potential upside of 20.55. The average equity rating for FNF stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $13.01 billion, with 289.00 million shares outstanding and 271.61 million shares in the current float. Compared to the average trading volume of 1.55M shares, FNF stock reached a trading volume of 1756769 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Fidelity National Financial Inc. [FNF]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FNF shares is $54.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FNF stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Credit Suisse have made an estimate for Fidelity National Financial Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 03, 2021. The new note on the price target was released on April 20, 2020, representing the official price target for Fidelity National Financial Inc. stock. Previously, the target price had yet another raise to $37, while Keefe Bruyette analysts kept a Outperform rating on FNF stock. On October 09, 2019, analysts decreased their price target for FNF shares from 49 to 48.
The Average True Range (ATR) for Fidelity National Financial Inc. is set at 0.93, with the Price to Sales ratio for FNF stock in the period of the last 12 months amounting to 1.06. The Price to Book ratio for the last quarter was 1.53, with the Price to Cash per share for the same quarter was set at 10.09. Price to Free Cash Flow for FNF in the course of the last twelve months was 7.98.
FNF Stock Performance Analysis:
Fidelity National Financial Inc. [FNF] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.86. With this latest performance, FNF shares dropped by -7.80% in over the last four-week period, additionally plugging by 13.15% over the last 6 months – not to mention a rise of 36.80% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FNF stock in for the last two-week period is set at 34.17, with the RSI for the last a single of trading hit 28.54, and the three-weeks RSI is set at 39.34 for Fidelity National Financial Inc. [FNF]. The present Moving Average for the last 50 days of trading for this stock 45.95, while it was recorded at 44.14 for the last single week of trading, and 39.24 for the last 200 days.
Insight into Fidelity National Financial Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Fidelity National Financial Inc. [FNF] shares currently have an operating margin of +17.67. Fidelity National Financial Inc.’s Net Margin is presently recorded at +13.43.
Return on Total Capital for FNF is now 20.71, given the latest momentum, and Return on Invested Capital for the company is 16.19. Return on Equity for this stock inclined to 21.15, with Return on Assets sitting at 4.91. When it comes to the capital structure of this company, Fidelity National Financial Inc. [FNF] has a Total Debt to Total Equity ratio set at 36.83. Additionally, FNF Total Debt to Total Capital is recorded at 26.92, with Total Debt to Total Assets ending up at 6.36. Long-Term Debt to Equity for the company is recorded at 35.07, with the Long-Term Debt to Total Capital now at 25.63.
Reflecting on the efficiency of the workforce at the company, Fidelity National Financial Inc. [FNF] managed to generate an average of $53,663 per employee.
FNF Stock EPS
With the latest financial reports released by the company, Fidelity National Financial Inc. posted 1.09/share EPS, while the average EPS was predicted by analysts to be reported at 0.69/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 58.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FNF. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fidelity National Financial Inc. go to 8.10%.
Fidelity National Financial Inc. [FNF] Insider Position Details
There are presently around $10,015 million, or 82.20% of FNF stock, in the hands of institutional investors. The top three institutional holders of FNF stocks are: BLACKROCK INC. with ownership of 28,352,501, which is approximately 8.978% of the company’s market cap and around 2.00% of the total institutional ownership; VANGUARD GROUP INC, holding 26,783,251 shares of the stock with an approximate value of $1.16 billion in FNF stocks shares; and PRINCIPAL FINANCIAL GROUP INC, currently with $699.64 million in FNF stock with ownership of nearly -5.362% of the company’s market capitalization.
Positions in Fidelity National Financial Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 280 institutional holders increased their position in Fidelity National Financial Inc. [NYSE:FNF] by around 19,981,233 shares. Additionally, 237 investors decreased positions by around 26,844,478 shares, while 100 investors held positions by with 184,038,497 shares. The mentioned changes placed institutional holdings at 230,864,208 shares, according to the latest SEC report filing. FNF stock had 95 new institutional investments in for a total of 5,120,118 shares, while 49 institutional investors sold positions of 3,656,187 shares during the same period.