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

Fidelity National Financial (NYSE:FNF) had its price objective hoisted by Truist Financial from $62.00 to $64.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other brokerages also recently weighed in on FNF. Keefe, Bruyette & Woods reiterated a market perform rating and issued a $53.00 price target on shares of Fidelity National Financial in a report on Tuesday. Stephens reiterated an overweight rating and issued a $60.00 price objective on shares of Fidelity National Financial in a research note on Tuesday. StockNews.com downgraded shares of Fidelity National Financial from a buy rating to a hold rating in a research report on Wednesday, July 17th. Finally, Barclays increased their price target on Fidelity National Financial from $52.00 to $56.00 and gave the stock an equal weight rating in a research report on Tuesday, April 9th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $59.20.

Fidelity National Financial Stock Up 0.4 %

Shares of Fidelity National Financial stock traded up $0.22 during trading on Wednesday, reaching $54.94. The company’s stock had a trading volume of 640,719 shares, compared to its average volume of 1,319,522. Fidelity National Financial has a 1-year low of $37.10 and a 1-year high of $56.95. The company has a 50-day simple moving average of $51.27 and a two-hundred day simple moving average of $51.00. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.50. The company has a market cap of $15.01 billion, a price-to-earnings ratio of 18.07 and a beta of 1.35.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.03). The business had revenue of $3.16 billion during the quarter, compared to analyst estimates 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 was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 EPS. As a group, equities analysts forecast that Fidelity National Financial will post 4.58 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Monday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

Insider Buying and Selling at Fidelity National Financial

In related news, CFO Anthony Park sold 85,000 shares of the company’s stock in a transaction dated 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its holdings in shares of Fidelity National Financial by 195.2% during the fourth quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock valued at $217,425,000 after acquiring an additional 2,818,001 shares during the last quarter. Confluence Investment Management LLC acquired a new position in Fidelity National Financial in the 1st quarter valued at $135,347,000. Windacre Partnership LLC lifted its holdings in Fidelity National Financial by 9.6% in the 1st quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock valued at $862,836,000 after purchasing an additional 1,424,767 shares in the last quarter. Norges Bank purchased a new position in Fidelity National Financial in the 4th quarter valued at $41,212,000. Finally, Vanguard Group Inc. boosted its stake in Fidelity National Financial by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock worth $1,427,102,000 after purchasing an additional 728,768 shares during the last quarter. Hedge funds and other 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.