Truist Financial Corp Has $5.84 Million Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Truist Financial Corp decreased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,104 shares of the financial services provider’s stock after selling 2,192 shares during the period. Truist Financial Corp’s holdings in Fidelity National Financial were worth $5,844,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. CIBC Asset Management Inc raised its holdings in shares of Fidelity National Financial by 4.3% in the fourth quarter. CIBC Asset Management Inc now owns 16,713 shares of the financial services provider’s stock valued at $938,000 after purchasing an additional 691 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Fidelity National Financial by 27.4% in the fourth quarter. Allworth Financial LP now owns 5,681 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 1,221 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in Fidelity National Financial during the fourth quarter valued at about $7,760,000. Rhumbline Advisers raised its position in Fidelity National Financial by 0.4% in the fourth quarter. Rhumbline Advisers now owns 761,883 shares of the financial services provider’s stock worth $42,772,000 after acquiring an additional 3,071 shares during the period. Finally, AustralianSuper Pty Ltd raised its position in Fidelity National Financial by 0.9% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,849,429 shares of the financial services provider’s stock worth $103,827,000 after acquiring an additional 15,664 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on FNF shares. Truist Financial lifted their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.40.

Fidelity National Financial Price Performance

FNF opened at $59.50 on Friday. The company has a market capitalization of $16.28 billion, a price-to-earnings ratio of 12.80 and a beta of 1.39. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $57.25 and a 200-day moving average price of $59.00. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same quarter in the previous year, the company earned $0.75 earnings per share. Equities 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.36%. Fidelity National Financial’s dividend payout ratio is currently 43.01%.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the sale, the director now owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

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.