Truist Financial Corp Increases Position in Fidelity National Financial, Inc. (NYSE:FNF)

Truist Financial Corp lifted its holdings in Fidelity National Financial, Inc. (NYSE:FNFGet Rating) by 7.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 136,375 shares of the financial services provider’s stock after buying an additional 9,241 shares during the period. Truist Financial Corp’s holdings in Fidelity National Financial were worth $4,937,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FNF. Balentine LLC lifted its stake in Fidelity National Financial by 166.2% in the third quarter. Balentine LLC now owns 18,039 shares of the financial services provider’s stock valued at $653,000 after purchasing an additional 11,262 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new position in Fidelity National Financial in the third quarter valued at approximately $58,000. Denali Advisors LLC lifted its stake in Fidelity National Financial by 7.5% in the third quarter. Denali Advisors LLC now owns 5,700 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 400 shares during the last quarter. AE Wealth Management LLC lifted its stake in Fidelity National Financial by 4,337.8% in the third quarter. AE Wealth Management LLC now owns 266,576 shares of the financial services provider’s stock valued at $9,650,000 after purchasing an additional 260,569 shares during the last quarter. Finally, Verity & Verity LLC lifted its stake in Fidelity National Financial by 2.0% in the third quarter. Verity & Verity LLC now owns 147,701 shares of the financial services provider’s stock valued at $5,347,000 after purchasing an additional 2,938 shares during the last quarter. Hedge funds and other institutional investors own 77.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FNF has been the topic of several research analyst reports. Stephens dropped their price objective on Fidelity National Financial from $52.00 to $49.00 and set an “overweight” rating on the stock in a research note on Monday, September 26th. Credit Suisse Group lowered their target price on shares of Fidelity National Financial from $48.00 to $47.00 and set an “outperform” rating on the stock in a report on Tuesday, December 6th. Truist Financial lowered their target price on shares of Fidelity National Financial from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, November 29th. Barclays boosted their target price on shares of Fidelity National Financial from $50.00 to $53.00 in a report on Friday, January 6th. Finally, StockNews.com initiated coverage on shares of Fidelity National Financial in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.40.

Fidelity National Financial Trading Up 0.8 %

Fidelity National Financial stock opened at $41.19 on Friday. The stock has a market cap of $11.21 billion, a P/E ratio of 7.24 and a beta of 1.27. Fidelity National Financial, Inc. has a fifty-two week low of $34.51 and a fifty-two week high of $56.44. The firm’s fifty day moving average price is $38.74 and its 200-day moving average price is $38.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.18 and a current ratio of 0.18.

Fidelity National Financial (NYSE:FNFGet Rating) last released its quarterly earnings results on Tuesday, November 8th. The financial services provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.47). The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.22 billion. Fidelity National Financial had a return on equity of 24.29% and a net margin of 11.60%. The company’s revenue for the quarter was down 17.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.12 EPS. Equities research analysts forecast that Fidelity National Financial, Inc. will post 5.58 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 16th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend was Thursday, December 15th. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.44. Fidelity National Financial’s dividend payout ratio is currently 31.63%.

Insider Activity at Fidelity National Financial

In related news, Director Daniel D. Lane sold 5,531 shares of the stock in a transaction on Monday, December 5th. The stock was sold at an average price of $37.44, for a total value of $207,080.64. Following the transaction, the director now owns 271,325 shares of the company’s stock, valued at $10,158,408. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is owned by insiders.

Fidelity National Financial Profile

(Get Rating)

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty insurance.

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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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