Truist Financial Issues Positive Forecast for Fidelity National Financial (NYSE:FNF) Stock Price

Fidelity National Financial (NYSE:FNF) had its price objective upped by Truist Financial from $64.00 to $70.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a buy rating on the financial services provider’s stock.

A number of other brokerages have also recently issued reports on FNF. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods upped their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Stephens reaffirmed an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a research note on Thursday, August 15th. Finally, Barclays lifted their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $63.60.

Fidelity National Financial Stock Performance

FNF stock opened at $60.80 on Monday. The company has a 50 day moving average price of $60.37 and a 200 day moving average price of $55.23. The stock has a market capitalization of $16.64 billion, a PE ratio of 22.11 and a beta of 1.37. Fidelity National Financial has a fifty-two week low of $43.11 and a fifty-two week high of $62.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.11). The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. Fidelity National Financial’s revenue was up 29.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.23 EPS. Analysts forecast that Fidelity National Financial will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a $0.50 dividend. The ex-dividend date is Tuesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.29%. Fidelity National Financial’s payout ratio is currently 69.82%.

Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the transaction, the director now owns 13,206 shares in the company, valued at $803,585.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP lifted its holdings in shares of Fidelity National Financial by 67.1% in the first quarter. Quantbot Technologies LP now owns 11,680 shares of the financial services provider’s stock valued at $620,000 after purchasing an additional 4,691 shares in the last quarter. Headlands Technologies LLC bought a new stake in Fidelity National Financial in the 1st quarter valued at approximately $137,000. QRG Capital Management Inc. boosted its position in Fidelity National Financial by 2.6% during the 1st quarter. QRG Capital Management Inc. now owns 98,924 shares of the financial services provider’s stock worth $5,253,000 after acquiring an additional 2,525 shares during the last quarter. Qsemble Capital Management LP bought a new position in shares of Fidelity National Financial during the 1st quarter worth approximately $746,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Fidelity National Financial by 85.1% in the first quarter. Russell Investments Group Ltd. now owns 131,200 shares of the financial services provider’s stock valued at $6,965,000 after purchasing an additional 60,306 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

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.