Traders Purchase Large Volume of Call Options on Fidelity National Financial (FNF)

Fidelity National Financial Inc (NYSE:FNF) was the target of some unusual options trading activity on Wednesday. Stock traders bought 3,045 call options on the stock. This represents an increase of approximately 5,539% compared to the typical volume of 54 call options.

Shares of FNF opened at $33.13 on Friday. The firm has a market capitalization of $9.00 billion, a PE ratio of 14.59 and a beta of 0.91. Fidelity National Financial has a twelve month low of $31.14 and a twelve month high of $42.52. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.01). The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Fidelity National Financial had a return on equity of 16.32% and a net margin of 10.54%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. On average, equities research analysts predict that Fidelity National Financial will post 2.74 earnings per share for the current year.



The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Thursday, December 13th. Fidelity National Financial’s dividend payout ratio is presently 52.86%.

FNF has been the subject of several research reports. ValuEngine upgraded shares of Fidelity National Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Barclays set a $43.00 price objective on shares of Fidelity National Financial and gave the company a “buy” rating in a research report on Friday, October 26th. Finally, Zacks Investment Research downgraded shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a research note on Monday, October 15th. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. Fidelity National Financial has a consensus rating of “Hold” and an average price target of $43.40.

In other Fidelity National Financial news, Director John D. Rood acquired 31,200 shares of the stock in a transaction on Friday, October 26th. The stock was acquired at an average price of $32.51 per share, for a total transaction of $1,014,312.00. Following the completion of the transaction, the director now directly owns 43,681 shares of the company’s stock, valued at $1,420,069.31. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.10% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Andra AP fonden purchased a new position in Fidelity National Financial in the 2nd quarter worth about $7,848,000. Golden Gate Private Equity Inc. grew its holdings in Fidelity National Financial by 28.7% during the 2nd quarter. Golden Gate Private Equity Inc. now owns 118,900 shares of the financial services provider’s stock worth $4,473,000 after acquiring an additional 26,500 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Fidelity National Financial by 0.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 472,997 shares of the financial services provider’s stock worth $17,793,000 after acquiring an additional 2,670 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Fidelity National Financial by 84.4% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 463,471 shares of the financial services provider’s stock worth $18,238,000 after acquiring an additional 212,180 shares in the last quarter. Finally, Stevens Capital Management LP grew its holdings in Fidelity National Financial by 470.9% during the 3rd quarter. Stevens Capital Management LP now owns 58,911 shares of the financial services provider’s stock worth $2,318,000 after acquiring an additional 48,592 shares in the last quarter. 82.60% of the stock is currently owned by institutional investors.

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About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries 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 collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.

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