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

Truist Financial Corp lessened its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 157,618 shares of the financial services provider’s stock after selling 618 shares during the quarter. Truist Financial Corp owned approximately 0.06% of Fidelity National Financial worth $8,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Global Retirement Partners LLC boosted its stake in shares of Fidelity National Financial by 7.6% during the 4th quarter. Global Retirement Partners LLC now owns 3,012 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 212 shares during the last quarter. Hunter Associates Investment Management LLC boosted its stake in shares of Fidelity National Financial by 0.3% during the 4th quarter. Hunter Associates Investment Management LLC now owns 77,198 shares of the financial services provider’s stock worth $3,940,000 after acquiring an additional 255 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in shares of Fidelity National Financial by 1.7% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 16,046 shares of the financial services provider’s stock worth $819,000 after acquiring an additional 271 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Fidelity National Financial by 4.4% during the 3rd quarter. Allworth Financial LP now owns 7,046 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 296 shares during the last quarter. Finally, Xponance Inc. lifted its stake in shares of Fidelity National Financial by 1.0% during the 4th quarter. Xponance Inc. now owns 31,735 shares of the financial services provider’s stock valued at $1,619,000 after buying an additional 315 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 1.0 %

Shares of NYSE FNF opened at $51.53 on Friday. The firm’s 50-day moving average price is $50.54 and its 200-day moving average price is $48.11. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $14.08 billion, a price-to-earnings ratio of 26.98 and a beta of 1.33. Fidelity National Financial, Inc. has a 12-month low of $32.02 and a 12-month high of $53.96.

Fidelity National Financial (NYSE:FNF) last announced its 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 business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. During the same quarter last year, the firm earned $1.06 EPS. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 4.83 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total value of $151,920.00. Following the transaction, the director now directly owns 14,906 shares in the company, valued at $754,839.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of Fidelity National Financial stock in a transaction on Monday, March 4th. The stock was 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 of the company’s stock, valued at approximately $2,060,601.87. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the sale, the director now owns 14,906 shares of the company’s stock, valued at $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 Company 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.