Trade-Ideas LLC identified

Fidelity National Financial

(

FNF

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Fidelity National Financial as such a stock due to the following factors:

  • FNF has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $41.1 million.
  • FNF has traded 139,740 shares today.
  • FNF is trading at 3.23 times the normal volume for the stock at this time of day.
  • FNF is trading at a new high 3.05% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on FNF:

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. It operates through Title, BKFS, and Restaurant Group segments. The stock currently has a dividend yield of 2.8%. FNF has a PE ratio of 1481. Currently there are 5 analysts that rate Fidelity National Financial a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Fidelity National Financial has been 1.3 million shares per day over the past 30 days. Fidelity National Financial has a market cap of $10.5 billion and is part of the financial sector and insurance industry. The stock has a beta of 0.92 and a short float of 1.8% with 3.43 days to cover. Shares are down 14.1% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Fidelity National Financial as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, notable return on equity, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 15.5%. Since the same quarter one year prior, revenues rose by 14.8%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Insurance industry and the overall market, FIDELITY NATL FINL FNF GROUP's return on equity exceeds that of both the industry average and the S&P 500.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Insurance industry. The net income increased by 30.7% when compared to the same quarter one year prior, rising from $101.00 million to $132.00 million.
  • FIDELITY NATL FINL FNF GROUP has improved earnings per share by 20.4% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, FIDELITY NATL FINL FNF GROUP reported lower earnings of $1.04 versus $1.67 in the prior year. This year, the market expects an improvement in earnings ($2.15 versus $1.04).
  • Despite currently having a low debt-to-equity ratio of 0.49, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further.

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