Fidelity National Financial, Inc. $FNF Shares Bought by Truist Financial Corp

Truist Financial Corp boosted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,381 shares of the financial services provider’s stock after purchasing an additional 1,977 shares during the period. Truist Financial Corp’s holdings in Fidelity National Financial were worth $4,955,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC lifted its position in shares of Fidelity National Financial by 80.0% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 208 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial during the 1st quarter worth $32,000. Rise Advisors LLC acquired a new position in shares of Fidelity National Financial during the 1st quarter worth $32,000. Synergy Investment Management LLC acquired a new position in shares of Fidelity National Financial during the 1st quarter worth $36,000. Finally, Olde Wealth Management LLC bought a new position in Fidelity National Financial in the 1st quarter worth $40,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Barclays reiterated a “cautious” rating on shares of Fidelity National Financial in a report on Monday. National Bankshares set a $64.00 price target on shares of Fidelity National Financial in a report on Monday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Fidelity National Financial in a report on Saturday, September 27th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.83.

Fidelity National Financial Stock Down 2.4%

Shares of NYSE FNF opened at $56.69 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72. The firm has a 50 day moving average price of $59.34 and a 200 day moving average price of $58.58. The stock has a market cap of $15.40 billion, a P/E ratio of 14.39 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.24). Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the firm posted $1.24 EPS. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. Analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 16th. Fidelity National Financial’s dividend payout ratio is 50.76%.

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.