Raymond James & Associates Trims Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Raymond James & Associates decreased its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 13.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 729,178 shares of the financial services provider’s stock after selling 115,838 shares during the quarter. Raymond James & Associates owned approximately 0.27% of Fidelity National Financial worth $37,203,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FNF. Baystate Wealth Management LLC grew its holdings in Fidelity National Financial by 5,300.0% in the third quarter. Baystate Wealth Management LLC now owns 594 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 583 shares during the period. Salem Investment Counselors Inc. purchased a new stake in shares of Fidelity National Financial during the 2nd quarter valued at $26,000. VisionPoint Advisory Group LLC increased its holdings in shares of Fidelity National Financial by 107.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock worth $30,000 after buying an additional 381 shares during the last quarter. Huntington National Bank raised its position in shares of Fidelity National Financial by 425.5% in the 2nd quarter. Huntington National Bank now owns 1,072 shares of the financial services provider’s stock worth $39,000 after buying an additional 868 shares during the period. Finally, DHJJ Financial Advisors Ltd. acquired a new position in Fidelity National Financial in the third quarter valued at $40,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Fidelity National Financial stock opened at $53.12 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.21 and a quick ratio of 0.21. The firm’s fifty day moving average price is $50.68 and its 200 day moving average price is $46.44. The company has a market capitalization of $14.51 billion, a price-to-earnings ratio of 27.81 and a beta of 1.33. Fidelity National Financial, Inc. has a 12-month low of $32.02 and a 12-month high of $53.35.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.27). Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the firm posted $1.06 EPS. On average, research analysts forecast that Fidelity National Financial, Inc. will post 4.81 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.92 annualized dividend and a yield of 3.61%. Fidelity National Financial’s dividend payout ratio is presently 100.52%.

Wall Street Analyst Weigh In

Several brokerages have commented on FNF. Keefe, Bruyette & Woods upped their price target on Fidelity National Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Barclays reduced their price target on shares of Fidelity National Financial from $55.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Fidelity National Financial in a research report on Wednesday, January 10th. They issued a “hold” rating for the company. Finally, Truist Financial increased their price target on Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $53.40.

Insiders Place Their Bets

In other news, Director Daniel D. Lane sold 6,131 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $48.19, for a total transaction of $295,452.89. Following the transaction, the director now owns 271,495 shares of the company’s stock, valued at $13,083,344.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Fidelity National Financial news, Director Daniel D. Lane sold 6,131 shares of Fidelity National Financial stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $48.19, for a total value of $295,452.89. Following the completion of the transaction, the director now owns 271,495 shares of the company’s stock, valued at $13,083,344.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Cary H. Thompson sold 23,410 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the sale, the director now directly owns 40,317 shares in the company, valued at $2,060,601.87. The disclosure for this sale can be found here. Insiders sold a total of 32,806 shares of company stock valued at $1,653,033 in the last ninety days. Corporate insiders own 5.40% of the company’s stock.

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.