On May 19, 2023 at 14:09:47 ET an unusually large $215.16K block of Call contracts in Fidelity National Financial (FNF) was sold, with a strike price of $35.00 / share, expiring in 63 day(s) (on July 21, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 5.59 sigmas above the mean, placing it in the th percentile of all recent large trades made in FNF options.
This trade was first picked up on Fintel's real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 1042 funds or institutions reporting positions in Fidelity National Financial. This is a decrease of 29 owner(s) or 2.71% in the last quarter. Average portfolio weight of all funds dedicated to FNF is 0.29%, an increase of 7.35%. Total shares owned by institutions increased in the last three months by 0.63% to 238,360K shares. 
The put/call ratio of FNF is 0.47, indicating a bullish outlook.
Analyst Price Forecast Suggests 29.42% Upside
As of May 11, 2023, the average one-year price target for Fidelity National Financial is 45.49. The forecasts range from a low of 41.41 to a high of $50.40. The average price target represents an increase of 29.42% from its latest reported closing price of 35.15.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Fidelity National Financial is 11,030MM, an increase of 1.16%. The projected annual non-GAAP EPS is 5.25.
What are Other Shareholders Doing?
Windacre Partnership holds 11,352K shares representing 4.17% ownership of the company. In it's prior filing, the firm reported owning 9,485K shares, representing an increase of 16.45%. The firm decreased its portfolio allocation in FNF by 1.73% over the last quarter.
Brave Warrior Advisors holds 9,086K shares representing 3.34% ownership of the company. In it's prior filing, the firm reported owning 9,225K shares, representing a decrease of 1.53%. The firm decreased its portfolio allocation in FNF by 10.24% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 7,872K shares representing 2.89% ownership of the company. In it's prior filing, the firm reported owning 7,789K shares, representing an increase of 1.05%. The firm decreased its portfolio allocation in FNF by 3.01% over the last quarter.
Principal Financial Group holds 7,613K shares representing 2.80% ownership of the company. In it's prior filing, the firm reported owning 7,433K shares, representing an increase of 2.36%. The firm decreased its portfolio allocation in FNF by 48.78% over the last quarter.
DVY - iShares Select Dividend ETF holds 6,463K shares representing 2.37% ownership of the company. In it's prior filing, the firm reported owning 6,229K shares, representing an increase of 3.61%. The firm increased its portfolio allocation in FNF by 5.75% over the last quarter.
Fidelity National Financial Declares $0.45 Dividend
On May 3, 2023 the company declared a regular quarterly dividend of $0.45 per share ($1.80 annualized). Shareholders of record as of June 16, 2023 will receive the payment on June 30, 2023. Previously, the company paid $0.45 per share.
At the current share price of $35.15 / share, the stock's dividend yield is 5.12%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.73%, the lowest has been 2.71%, and the highest has been 6.18%. The standard deviation of yields is 0.71 (n=237).
The current dividend yield is 1.96 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.72. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.36%, demonstrating that it has increased its dividend over time.
Fidelity National Financial Background Information
(This description is provided by the company.)
Fidelity National Financial, Inc. is a leading provider of title insurance and transaction services to the real estate and mortgage industries. FNF is the nation's largest title insurance company through its title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title of New York - that collectively issue more title insurance policies than any other title company in the United States.
Key filings for this company:
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
