Raymond James & Associates Sells 115,838 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Raymond James & Associates lessened its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 729,178 shares of the financial services provider's stock after selling 115,838 shares during the quarter. Raymond James & Associates owned approximately 0.27% of Fidelity National Financial worth $37,203,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. AustralianSuper Pty Ltd increased its stake in Fidelity National Financial by 14.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,570,956 shares of the financial services provider's stock valued at $80,150,000 after purchasing an additional 193,050 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Fidelity National Financial by 11.7% during the fourth quarter. SG Americas Securities LLC now owns 24,367 shares of the financial services provider's stock valued at $1,243,000 after acquiring an additional 2,556 shares during the period. Lantz Financial LLC boosted its holdings in shares of Fidelity National Financial by 2.1% during the fourth quarter. Lantz Financial LLC now owns 41,562 shares of the financial services provider's stock valued at $2,120,000 after acquiring an additional 862 shares during the period. Sterling Investment Counsel LLC acquired a new position in shares of Fidelity National Financial during the fourth quarter valued at $211,000. Finally, Mezzasalma Advisors LLC acquired a new stake in Fidelity National Financial in the fourth quarter worth about $218,000. Institutional investors own 81.17% of the company's stock.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 3,265 shares of the company's stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $49.34, for a total transaction of $161,095.10. Following the completion of the sale, the director now owns 17,906 shares of the company's stock, valued at $883,482.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Cary H. Thompson sold 23,410 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $51.11, for a total value of $1,196,485.10. Following the completion of the sale, the director now directly owns 40,317 shares of the company's stock, valued at $2,060,601.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Halim Dhanidina sold 3,265 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $49.34, for a total value of $161,095.10. Following the completion of the sale, the director now directly owns 17,906 shares of the company's stock, valued at $883,482.04. The disclosure for this sale can be found here. Insiders sold 32,806 shares of company stock valued at $1,653,033 over the last 90 days. 5.40% of the stock is currently owned by company insiders.

Fidelity National Financial Stock Up 2.2 %

Shares of NYSE FNF traded up $1.14 during trading hours on Friday, hitting $53.10. The stock had a trading volume of 2,054,312 shares, compared to its average volume of 1,775,036. The company has a market capitalization of $14.51 billion, a P/E ratio of 27.80 and a beta of 1.33. The firm's 50-day moving average price is $50.78 and its two-hundred day moving average price is $46.49. Fidelity National Financial, Inc. has a 52 week low of $32.02 and a 52 week high of $53.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.21 and a current ratio of 0.21.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.27). The firm had revenue of $3.43 billion during 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 period in the previous year, the firm posted $1.06 EPS. Analysts anticipate that Fidelity National Financial, Inc. will post 4.81 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.92 dividend on an annualized basis and a yield of 3.62%. Fidelity National Financial's payout ratio is currently 100.52%.

Wall Street Analysts Forecast Growth

FNF has been the subject of a number of research analyst reports. Barclays cut their price target on shares of Fidelity National Financial from $55.00 to $52.00 and set an "equal weight" rating for the company in a report on Friday, February 23rd. Truist Financial boosted their price objective on Fidelity National Financial from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on Fidelity National Financial in a report on Wednesday, January 10th. They set a "hold" rating on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on Fidelity National Financial from $54.00 to $56.00 and gave the stock a "market perform" rating in a report on Thursday, March 21st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Fidelity National Financial presently has an average rating of "Hold" and an average price target of $53.40.

About Fidelity National Financial

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.