A company insider recently sold 13,389 shares of Fidelity National Financial Inc. [FNF]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Fidelity National Financial Inc. shares valued at $546,619 were sold by Shea Peter O Jr on Sep 14. At $40.83 per share, Shea Peter O Jr sold 13,389 shares. The insider’s holdings dropped to 200,642 shares worth approximately $7.96 million following the completion of this transaction.

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Also, SADOWSKI PETER T sold 22,500 shares, netting a total of over 919,231 in proceeds. Following the sale of shares at $40.85 each, the insider now holds 105,898 shares.

Before that, HAGERTY THOMAS M had sold 13,663 shares from its account. In a trade valued at $546,643, the Director traded Fidelity National Financial Inc. shares for $40.01 each. Upon closing the transaction, the insider’s holdings decreased to 13,663 shares, worth approximately $12.91 million.

As published in their initiating research note from BTIG Research on February 02, 2022, Fidelity National Financial Inc. [FNF] has been a Neutral. Analysts at Credit Suisse started covering the stock with ‘”an Outperform”‘ outlook in a report released in early May. As of April 20, 2020, Compass Point has decreased its “Buy” rating to a “Neutral” for FNF. Earlier on April 08, 2020, Keefe Bruyette upgraded its rating. Their new recommendation was “an Outperform” for FNF stock which previously was a “a Mkt perform”.

Analyzing FNF’s Price Performance

On Wednesday, Fidelity National Financial Inc. [NYSE: FNF] plunged -0.53% to $39.67. The stock’s lowest price that day was $39.65, but it reached a high of $40.63 in the same session. During the last five days, there has been a surge of approximately 0.28%. Over the course of the year, Fidelity National Financial Inc. shares have dropped approximately -23.97%. Shares of the company reached a 52-week high of $56.44 on 01/13/22 and a 52-week low of $34.59 on 06/16/22. A 50-day SMA is recorded $39.42, while a 200-day SMA reached $44.01. Nevertheless, trading volume fell to 1.54 million shares from 1.68 million shares the previous day.

Support And Resistance Levels for Fidelity National Financial Inc. (FNF)

According to the 24-hour chart, there is a support level at 39.34, which, if violated, would cause prices to drop to 39.00. In the upper region, resistance lies at 40.32. The next price resistance is at 40.96. RSI (Relative Strength Index) is 47.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.18, which suggests the price will decrease in the coming days. Percent R is at 72.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Fidelity National Financial Inc. subject to short interest?

Stocks of Fidelity National Financial Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.22 million shares to 3.32 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.1 million shares. A jump of 6.63% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.87 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.87.

Which companies own the most shares of Fidelity National Financial Inc. (FNF)?

According to The Vanguard Group, Inc. filings, the company currently owns 28,676,986 shares, which is about 10.38% of the total FNF shares outstanding. The investor’s shares have appreciated by 392,548 from its previous 13-F filing of 28284438.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $722,728,154. Brave Warrior Advisors LLC reduced a -0.30% interest valued at $356.57 million while BlackRock Advisors LLC purchased a 1,262,411 stake. A total of -548,828 shares of Fidelity National Financial Inc. were bought by Principal Global Investors LLC during the quarter, and -790,669 were sold by SSgA Funds Management, Inc. In its current portfolio, First Trust Advisors LP holds 6,083,626 shares valued at $237.87 million.

In terms of Fidelity National Financial Inc. share price expectations, FactSet research, analysts set an average price target of $58.20 in the next 12 months, up nearly 50.45% from the previous closing price of $39.88. Analysts anticipate Fidelity National Financial Inc. stock to reach $68.00 by 2022, with the lowest price target being $48.00. In spite of this, 8 analysts ranked Fidelity National Financial Inc. stock as an Overweight at the end of 2022. On October 09, 2019, Keefe Bruyette assigned a price target of “a Mkt perform” to the stock and downgraded coverage with a $48.


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