589,646 Shares in Fidelity National Financial, Inc. (NYSE:FNF) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Fidelity National Financial, Inc. (NYSE:FNF) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 589,646 shares of the financial services provider’s stock, valued at approximately $33,103,000.

A number of other institutional investors also recently added to or reduced their stakes in FNF. Chesley Taft & Associates LLC increased its position in shares of Fidelity National Financial by 1.2% in the 4th quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider’s stock valued at $937,000 after purchasing an additional 200 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Fidelity National Financial by 0.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider’s stock valued at $4,053,000 after buying an additional 200 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after buying an additional 209 shares in the last quarter. Essex Financial Services Inc. lifted its holdings in Fidelity National Financial by 5.3% during the 4th quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider’s stock worth $236,000 after buying an additional 211 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Fidelity National Financial by 19.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

FNF has been the subject of a number of research analyst reports. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their target price for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Stephens boosted their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report 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 report on Monday, February 24th. Finally, Keefe, Bruyette & Woods raised Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 target price for the company in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial has a consensus rating of “Moderate Buy” and a consensus price target of $71.60.

Fidelity National Financial Price Performance

Shares of FNF opened at $61.43 on Thursday. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of 13.21 and a beta of 1.09. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $66.72. The firm has a 50-day simple moving average of $61.79 and a 200-day simple moving average of $60.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period last year, the business posted $0.75 EPS. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.50 per share. The ex-dividend date was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.26%. Fidelity National Financial’s payout ratio is currently 43.01%.

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.