Treasurer of the State of North Carolina Boosts Position in Fidelity National Financial, Inc. (NYSE:FNF)

Posted by Defense World Staff on Aug 6th, 2023

Treasurer of the State of North Carolina boosted its holdings in Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 2.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 161,319 shares of the financial services provider’s stock after buying an additional 3,841 shares during the period. Treasurer of the State of North Carolina owned approximately 0.06% of Fidelity National Financial worth $5,635,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FNF. Raymond James Financial Services Advisors Inc. grew its position in shares of Fidelity National Financial by 49.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 27,414 shares of the financial services provider’s stock worth $1,339,000 after buying an additional 9,059 shares in the last quarter. MetLife Investment Management LLC acquired a new position in Fidelity National Financial in the first quarter worth $266,000. Rhumbline Advisers boosted its holdings in Fidelity National Financial by 21.2% in the first quarter. Rhumbline Advisers now owns 277,396 shares of the financial services provider’s stock worth $13,548,000 after purchasing an additional 48,434 shares during the period. Yousif Capital Management LLC boosted its holdings in Fidelity National Financial by 8.1% in the first quarter. Yousif Capital Management LLC now owns 9,736 shares of the financial services provider’s stock worth $476,000 after purchasing an additional 730 shares during the period. Finally, LSV Asset Management boosted its holdings in Fidelity National Financial by 40.9% in the first quarter. LSV Asset Management now owns 204,300 shares of the financial services provider’s stock worth $9,978,000 after purchasing an additional 59,308 shares during the period. Hedge funds and other institutional investors own 78.27% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF opened at $39.48 on Friday. Fidelity National Financial, Inc. has a 1 year low of $31.84 and a 1 year high of $45.51. The firm has a fifty day moving average of $36.35 and a 200-day moving average of $37.02. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market cap of $10.75 billion, a price-to-earnings ratio of 16.11 and a beta of 1.34.

Fidelity National Financial (NYSE:FNF – Get Free Report) last issued its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.42). Fidelity National Financial had a net margin of 6.26% and a return on equity of 19.91%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the prior year, the firm earned $1.37 earnings per share. Fidelity National Financial’s revenue for the quarter was down 21.9% compared to the same quarter last year. As a group, equities analysts anticipate that Fidelity National Financial, Inc. will post 3.7 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FNF shares. Truist Financial decreased their price objective on shares of Fidelity National Financial from $56.00 to $48.00 in a report on Friday, May 5th. StockNews.com started coverage on shares of Fidelity National Financial in a report on Thursday, May 18th. They issued a “hold” rating for the company. TheStreet downgraded shares of Fidelity National Financial from a “b-” rating to a “c+” rating in a report on Friday, June 23rd. Finally, Barclays reduced their price target on shares of Fidelity National Financial from $46.00 to $43.00 in a report on Friday, May 5th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $46.40.

Fidelity National Financial Company Profile

(Free Report)

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.