Raymond James Financial Inc. Invests $33.10 Million in Fidelity National Financial, Inc. (NYSE:FNF)

Raymond James Financial Inc. purchased a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 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 filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Fidelity National Financial by 4.4% in the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock worth $13,451,000 after acquiring an additional 9,146 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Fidelity National Financial in the third quarter valued at about $672,000. Tidal Investments LLC increased its position in Fidelity National Financial by 38.9% during the third quarter. Tidal Investments LLC now owns 6,756 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 1,892 shares during the last quarter. Versant Capital Management Inc raised its stake in Fidelity National Financial by 17.1% during the fourth quarter. Versant Capital Management Inc now owns 1,729 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 252 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Fidelity National Financial by 19.8% in the 4th quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 1,233 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analysts Set New Price Targets

FNF has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upgraded shares of 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. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Stephens upped their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Barclays raised their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Finally, StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.60.

Fidelity National Financial Trading Down 1.6 %

Shares of NYSE FNF opened at $61.43 on Thursday. The stock has a fifty day simple moving average of $61.79 and a 200-day simple moving average of $60.20. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $66.72. 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 capitalization of $16.89 billion, a PE ratio of 13.21 and a beta of 1.09.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) 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 company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. On average, equities analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.26%. Fidelity National Financial’s dividend payout ratio (DPR) is 43.01%.

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.