Raymond James Financial Inc. Buys Shares of 589,646 Fidelity National Financial, Inc. (NYSE:FNF)

Raymond James Financial Inc. acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 589,646 shares of the financial services provider's stock, valued at approximately $33,103,000. Raymond James Financial Inc. owned about 0.22% of Fidelity National Financial as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Parkside Financial Bank & Trust raised its holdings in Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 209 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Fidelity National Financial during the 4th quarter worth $37,000. Golden State Wealth Management LLC bought a new stake in shares of Fidelity National Financial in the 4th quarter worth about $52,000. UMB Bank n.a. raised its stake in shares of Fidelity National Financial by 68.9% in the 4th quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 472 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Fidelity National Financial by 19.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock worth $75,000 after purchasing an additional 223 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

FNF traded up $1.97 during trading on Tuesday, reaching $61.54. 1,315,422 shares of the company were exchanged, compared to its average volume of 1,116,074. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock has a market cap of $16.92 billion, a P/E ratio of 13.23 and a beta of 1.09. Fidelity National Financial, Inc. has a 52 week low of $47.79 and a 52 week high of $66.72. The firm has a 50 day moving average of $62.09 and a 200 day moving average of $60.20.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The business had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter last year, the company earned $0.75 EPS. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Monday, March 17th. Fidelity National Financial's dividend payout ratio is currently 43.01%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com lowered Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target for the company in a report on Tuesday, April 8th. Stephens raised their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Finally, Barclays increased their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $71.60.

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.