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Fidelity National Financial Inc (FNF) Shares Cross Below Book Value

By Market News Video Staff, Monday, May 23, 1:06 PM ET
Now Playing: The Importance of Book Value


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In trading on Monday, shares of Fidelity National Financial Inc (NYSE:FNF) crossed below their last reported book value — defined as common shareholder equity per share — of $15.38, changing hands as low as $15.36 per share. Fidelity National Financial Inc shares are currently trading up about 0.1% on the day. The chart below shows the one year performance of FNF shares, versus its 50 and 200 day moving averages:

Fidelity National Financial Inc Moving Averages Chart

Looking at the chart above, FNF's low point in its 52 week range is $12.60 per share, with $16.07 as the 52 week high point — that compares with a last trade of $15.55.

FNF makes up 4.04% of the SPDR KBW Mortgage Finance ETF (AMEX:KME)

FNF operates in the Insurance Brokers sector, among companies like FPIC Insurance Group, Inc. (FPIC) which is off about 2.5% today, and eHealth Inc (NASDAQ:EHTH) trading lower by about 1.1%. Below is a three month price history chart comparing the stock performance of FNF, versus FPIC and EHTH.

FNF,FPIC,EHTH Relative Performance Chart


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This Article's Word Cloud:   AMEX   Below   Book   Brokers   EHTH   FPIC   Fidelity   Finance   Financial   Free   GROWTH   INVESTMENT   Insurance   Mortgage   National   PORTFOLIO   Portfolio   about   among   asset   averages   below   book   cash   chart   companies   currently   designed   growth   hands   history   last   lower   operates   performance   point   portfolio   range   reported   share   shares   slideshow   stocks   terms   there   trading   versus   week   with   year
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