Based on the provided data, here is a concise analysis of FNF's valuation:
Valuation Analysis: FNF's current PE ratio of 22.56 in Q3 2024 shows significant expansion from 14.73 in Q2 2024, suggesting the stock has become more expensive relative to earnings.
Market Position: With 81% institutional ownership and strong backing from major shareholders like BlackRock (15%), the stock has solid institutional support but could be vulnerable to large trading decisions.
Technical Outlook: The stock is currently trading at $57.75 with recent analyst upgrades, including Deutsche Bank raising their price target from $76 to $77 and upgrading from Hold to Buy.
Relative Value: The average analyst target price of $67.80 implies a 16.08% upside from current levels, suggesting potential undervaluation.
Dividend Consideration: The stock offers a healthy dividend yield of 3.09% as of Q3 2024, providing additional value for investors.