Raymond James Trust N.A. Has $1.07 Million Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Raymond James Trust N.A. lifted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 2.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,258 shares of the financial services provider’s stock after purchasing an additional 341 shares during the period. Raymond James Trust N.A.’s holdings in Fidelity National Financial were worth $1,071,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FNF. Opal Wealth Advisors LLC acquired a new stake in Fidelity National Financial in the second quarter worth about $26,000. New Covenant Trust Company N.A. bought a new stake in shares of Fidelity National Financial during the first quarter worth approximately $30,000. Capital Performance Advisors LLP bought a new stake in shares of Fidelity National Financial during the third quarter worth approximately $32,000. International Assets Investment Management LLC bought a new position in Fidelity National Financial in the second quarter valued at approximately $35,000. Finally, Innealta Capital LLC acquired a new stake in Fidelity National Financial during the 2nd quarter worth $43,000. Institutional investors own 81.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FNF shares. Deutsche Bank Aktiengesellschaft raised their target price on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Barclays boosted their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Truist Financial increased their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Stephens reissued an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $63.60.

Fidelity National Financial Trading Up 2.1 %

NYSE FNF opened at $61.94 on Monday. Fidelity National Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $62.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The stock’s 50 day moving average price is $60.66 and its two-hundred day moving average price is $55.78. The stock has a market capitalization of $16.95 billion, a price-to-earnings ratio of 22.52 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the company posted $1.23 EPS. The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, analysts anticipate that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.23%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio (DPR) is currently 69.82%.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The trade was a 11.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.20% of the company’s stock.

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.