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

Raymond James & Associates lowered its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 529,003 shares of the financial services provider’s stock after selling 25,138 shares during the quarter. Raymond James & Associates owned 0.19% of Fidelity National Financial worth $32,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Net Worth Advisory Group purchased a new stake in Fidelity National Financial during the third quarter valued at $365,000. Stonegate Investment Group LLC boosted its stake in shares of Fidelity National Financial by 5.9% in the third quarter. Stonegate Investment Group LLC now owns 45,125 shares of the financial services provider’s stock worth $2,800,000 after acquiring an additional 2,532 shares during the period. Claro Advisors LLC bought a new position in shares of Fidelity National Financial in the third quarter worth about $1,117,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Fidelity National Financial by 29.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,585 shares of the financial services provider’s stock worth $1,588,000 after acquiring an additional 5,879 shares during the period. Finally, ZWJ Investment Counsel Inc. lifted its position in shares of Fidelity National Financial by 1.0% in the third quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider’s stock worth $1,225,000 after buying an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FNF shares. Truist Financial boosted their target price on Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Stephens reiterated an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft increased their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods increased their target price on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $62.40.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the transaction, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF opened at $59.97 on Thursday. The stock has a 50-day moving average of $59.81 and a two-hundred day moving average of $54.15. Fidelity National Financial, Inc. has a one year low of $37.21 and a one year high of $62.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market cap of $16.39 billion, a P/E ratio of 19.73 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). The firm 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%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. As a group, research analysts predict that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.48 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.92 annualized dividend and a dividend yield of 3.20%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

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.