Truist Financial Raises Fidelity National Financial (NYSE:FNF) Price Target to $64.00

Fidelity National Financial (NYSE:FNF) had its price objective lifted by analysts at Truist Financial from $62.00 to $64.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Truist Financial’s target price suggests a potential upside of 19.74% from the stock’s previous close.

FNF has been the subject of a number of other reports. Barclays lifted their price target 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. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $53.00 price target on shares of Fidelity National Financial in a research report on Tuesday. Stephens reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Fidelity National Financial in a research report on Tuesday. Finally, StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $56.20.

Fidelity National Financial Stock Down 0.9 %

Shares of NYSE:FNF opened at $53.45 on Wednesday. The firm has a market capitalization of $14.60 billion, a P/E ratio of 17.58 and a beta of 1.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a 50 day moving average price of $51.01 and a 200-day moving average price of $50.90. Fidelity National Financial has a 52-week low of $37.10 and a 52-week high of $56.95.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Monday, August 5th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. Fidelity National Financial’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.01 EPS. As a group, equities research analysts anticipate that Fidelity National Financial will post 4.58 EPS for the current fiscal year.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, CFO Anthony Park sold 85,000 shares of Fidelity National Financial stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the sale, the chief financial officer now owns 99,049 shares of the company’s stock, valued at approximately $5,033,670.18. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fidelity National Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Fidelity National Financial by 4.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,701 shares of the financial services provider’s stock valued at $852,000 after purchasing an additional 684 shares during the last quarter. Fifth Third Bancorp grew its position in Fidelity National Financial by 66.5% in the 4th quarter. Fifth Third Bancorp now owns 2,897 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 1,157 shares during the period. Arizona State Retirement System raised its stake in Fidelity National Financial by 0.7% during the 4th quarter. Arizona State Retirement System now owns 71,064 shares of the financial services provider’s stock valued at $3,626,000 after buying an additional 517 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Fidelity National Financial during the 4th quarter valued at $1,669,000. Finally, Allworth Financial LP boosted its stake in shares of Fidelity National Financial by 19.2% in the 4th quarter. Allworth Financial LP now owns 8,400 shares of the financial services provider’s stock worth $429,000 after buying an additional 1,354 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

About Fidelity National Financial

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.