Truist Financial Corp raised its stake in Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) by 22.5% in the first quarter, Holdings Channel.com reports. The firm owned 153,641 shares of the financial services provider’s stock after acquiring an additional 28,242 shares during the period. Truist Financial Corp’s holdings in Fidelity National Financial were worth $7,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently modified their holdings of FNF. Spire Wealth Management boosted its holdings in Fidelity National Financial by 1,255.5% in the 4th quarter. Spire Wealth Management now owns 8,133 shares of the financial services provider’s stock valued at $424,000 after purchasing an additional 7,533 shares during the period. Royal London Asset Management Ltd. boosted its holdings in Fidelity National Financial by 4.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 107,344 shares of the financial services provider’s stock valued at $5,603,000 after purchasing an additional 4,969 shares during the period. Redpoint Investment Management Pty Ltd bought a new stake in Fidelity National Financial in the 4th quarter valued at $378,000. Gilbert & Cook Inc. boosted its holdings in Fidelity National Financial by 8,023.8% in the 4th quarter. Gilbert & Cook Inc. now owns 5,118 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 5,055 shares during the period. Finally, Kestra Advisory Services LLC boosted its holdings in Fidelity National Financial by 28.2% in the 4th quarter. Kestra Advisory Services LLC now owns 10,751 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 2,362 shares during the period. 82.06% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of Fidelity National Financial to $62.00 and gave the company a “na” rating in a report on Monday, May 16th. Credit Suisse Group reduced their price objective on shares of Fidelity National Financial from $75.00 to $59.00 and set an “outperform” rating for the company in a report on Friday, April 1st. Barclays reduced their price objective on shares of Fidelity National Financial from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Monday. Finally, StockNews.com started coverage on shares of Fidelity National Financial in a report on Thursday, March 31st. They set a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.33.
NYSE:FNF opened at $37.77 on Wednesday. The company has a 50-day moving average of $39.26 and a 200-day moving average of $45.00. The company has a market capitalization of $10.60 billion, a price-to-earnings ratio of 4.87 and a beta of 1.41. Fidelity National Financial, Inc. has a 52 week low of $34.59 and a 52 week high of $56.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.19 and a current ratio of 0.19.
Fidelity National Financial (NYSE:FNF – Get Rating) last released its quarterly earnings data on Tuesday, May 10th. The financial services provider reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.07. Fidelity National Financial had a net margin of 14.10% and a return on equity of 24.56%. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period last year, the firm earned $1.56 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.07 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 16th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.66%. The ex-dividend date was Wednesday, June 15th. Fidelity National Financial’s dividend payout ratio is currently 22.68%.
About Fidelity National Financial (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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