Raymond James & Associates Reduces Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Raymond James & Associates lessened its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 529,003 shares of the financial services provider's stock after selling 25,138 shares during the period. Raymond James & Associates owned 0.19% of Fidelity National Financial worth $32,830,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FNF. Opal Wealth Advisors LLC purchased a new stake in shares of Fidelity National Financial in the 2nd quarter valued at approximately $26,000. New Covenant Trust Company N.A. purchased a new stake in shares of Fidelity National Financial in the 1st quarter valued at approximately $30,000. Mather Group LLC. purchased a new stake in shares of Fidelity National Financial in the 1st quarter valued at approximately $31,000. Covestor Ltd grew its stake in shares of Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider's stock valued at $31,000 after buying an additional 303 shares during the period. Finally, Salomon & Ludwin LLC grew its stake in shares of Fidelity National Financial by 231.0% in the 1st quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider's stock valued at $32,000 after buying an additional 425 shares during the period. Hedge funds and other institutional investors own 81.17% of the company's stock.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the sale, the director now directly owns 13,206 shares in the company, valued at $803,585.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.20% of the stock is owned by company insiders.

Fidelity National Financial Stock Up 1.1 %

Fidelity National Financial stock traded up $0.64 during mid-day trading on Thursday, reaching $60.61. 1,002,640 shares of the company's stock were exchanged, compared to its average volume of 1,220,105. The company has a market cap of $16.56 billion, a P/E ratio of 19.94 and a beta of 1.36. Fidelity National Financial, Inc. has a twelve month low of $37.21 and a twelve month high of $62.97. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average of $59.81 and a 200-day moving average of $54.15.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.27 by ($0.03). The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. Fidelity National Financial's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 earnings per share. Sell-side analysts expect that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a yield of 3.17%. Fidelity National Financial's dividend payout ratio (DPR) is presently 63.16%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FNF. Truist Financial increased their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a "buy" rating in a research note on Wednesday, August 7th. Barclays upped 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 report on Tuesday, October 8th. Stephens restated an "overweight" rating and issued a $63.00 price objective on shares of Fidelity National Financial in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a "hold" rating in a report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a "market perform" rating in a report on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Fidelity National Financial currently has a consensus rating of "Hold" and a consensus target price of $62.40.

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.