Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 157,618 shares of the financial services provider’s stock after selling 618 shares during the quarter. Truist Financial Corp’s holdings in Fidelity National Financial were worth $8,042,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of FNF. Baystate Wealth Management LLC grew its position in shares of Fidelity National Financial by 5,300.0% during the third quarter. Baystate Wealth Management LLC now owns 594 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 583 shares during the last quarter. VisionPoint Advisory Group LLC grew its position in Fidelity National Financial by 107.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock valued at $30,000 after buying an additional 381 shares during the last quarter. Authentikos Wealth Advisory LLC purchased a new position in Fidelity National Financial in the 3rd quarter valued at $41,000. Orion Capital Management LLC purchased a new position in Fidelity National Financial in the 3rd quarter valued at $51,000. Finally, SRS Capital Advisors Inc. grew its position in Fidelity National Financial by 57.9% in the 3rd quarter. SRS Capital Advisors Inc. now owns 1,415 shares of the financial services provider’s stock valued at $58,000 after buying an additional 519 shares during the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $51.53 on Friday. Fidelity National Financial, Inc. has a one year low of $32.02 and a one year high of $53.96. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.21 and a current ratio of 0.21. The business has a fifty day moving average of $50.54 and a two-hundred day moving average of $48.11. The company has a market cap of $14.08 billion, a P/E ratio of 26.98 and a beta of 1.33.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.27). The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $2.80 billion. Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. During the same period last year, the firm earned $1.06 EPS. As a group, analysts predict that Fidelity National Financial, Inc. will post 4.83 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.48 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.92 annualized dividend and a dividend yield of 3.73%. Fidelity National Financial’s dividend payout ratio is presently 100.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fidelity National Financial in a research report on Wednesday, January 10th. They issued a “hold” rating on the stock. Truist Financial lifted their price objective on shares of Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Barclays lifted their price objective on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $54.20.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the sale, the director now owns 14,906 shares in the company, valued at approximately $754,839.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Cary H. Thompson sold 23,410 shares of Fidelity National Financial stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the completion of the sale, the director now directly owns 40,317 shares in the company, valued at $2,060,601.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the transaction, the director now directly owns 14,906 shares in the company, valued at approximately $754,839.84. The disclosure for this sale can be found here. Corporate insiders own 5.40% of the company’s stock.

Fidelity National Financial Profile

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 products.