Raymond James Financial Services Advisors Inc. Purchases 684 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Raymond James Financial Services Advisors Inc. raised its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,701 shares of the financial services provider’s stock after purchasing an additional 684 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Fidelity National Financial were worth $852,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Fidelity National Financial by 11.8% during the 1st quarter. BlackRock Inc. now owns 39,705,332 shares of the financial services provider’s stock valued at $1,386,907,000 after buying an additional 4,189,896 shares during the period. Vanguard Group Inc. boosted its position in Fidelity National Financial by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 28,877,107 shares of the financial services provider’s stock valued at $1,410,358,000 after buying an additional 1,250,233 shares during the period. State Street Corp raised its holdings in Fidelity National Financial by 1.4% in the 1st quarter. State Street Corp now owns 7,407,492 shares of the financial services provider’s stock worth $361,782,000 after purchasing an additional 104,624 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Fidelity National Financial by 7.7% in the 3rd quarter. Principal Financial Group Inc. now owns 6,686,401 shares of the financial services provider’s stock worth $276,143,000 after purchasing an additional 477,493 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Fidelity National Financial by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,020,265 shares of the financial services provider’s stock worth $248,637,000 after purchasing an additional 86,446 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Down 0.9 %

Shares of Fidelity National Financial stock opened at $48.18 on Tuesday. 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 company has a 50-day moving average of $51.08 and a 200 day moving average of $47.32. The firm has a market cap of $13.16 billion, a price-to-earnings ratio of 25.22 and a beta of 1.34. Fidelity National Financial, Inc. has a 1 year low of $32.02 and a 1 year high of $53.96.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.27). The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $2.80 billion. Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. During the same quarter in the prior year, the business posted $1.06 earnings per share. As a group, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.81 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.48 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.92 dividend on an annualized basis and a yield of 3.99%. Fidelity National Financial’s dividend payout ratio is currently 100.52%.

Wall Street Analyst Weigh In

Several brokerages have commented on FNF. Barclays upped their price objective on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Truist Financial upped their price objective on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Fidelity National Financial in a research note on Wednesday, January 10th. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $54.20.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the completion of the sale, the director now directly owns 40,317 shares in the company, valued at approximately $2,060,601.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Cary H. Thompson sold 23,410 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the sale, the director now owns 40,317 shares of the company’s stock, valued at approximately $2,060,601.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel D. Lane sold 6,131 shares of the firm’s 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 sale, the director now directly owns 271,495 shares in the company, valued at approximately $13,083,344.05. The disclosure for this sale can be found here. 5.40% of the stock is owned by company insiders.

Fidelity National Financial 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.