JCP Investment Management LLC Acquires 135,355 Shares of Fidelity National Financial, Inc. $FNF

JCP Investment Management LLC grew its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 64.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 346,254 shares of the financial services provider’s stock after buying an additional 135,355 shares during the quarter. Fidelity National Financial makes up 13.7% of JCP Investment Management LLC’s portfolio, making the stock its 3rd largest position. JCP Investment Management LLC’s holdings in Fidelity National Financial were worth $20,945,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Fiduciary Trust Co increased its position in shares of Fidelity National Financial by 2.0% in the third quarter. Fiduciary Trust Co now owns 11,813 shares of the financial services provider’s stock valued at $715,000 after acquiring an additional 228 shares during the last quarter. Burney Co. raised its holdings in Fidelity National Financial by 1.4% during the third quarter. Burney Co. now owns 17,406 shares of the financial services provider’s stock worth $1,053,000 after acquiring an additional 243 shares in the last quarter. Centennial Wealth Advisory LLC boosted its position in Fidelity National Financial by 5.7% during the third quarter. Centennial Wealth Advisory LLC now owns 4,579 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 248 shares during the last quarter. Fisher Asset Management LLC boosted its position in Fidelity National Financial by 7.7% during the second quarter. Fisher Asset Management LLC now owns 3,633 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 260 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Fidelity National Financial by 7.9% in the second quarter. Geneos Wealth Management Inc. now owns 3,781 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 277 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $47.54 on Monday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average price is $53.46 and its two-hundred day moving average price is $56.14. The company has a market cap of $12.89 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 0.60 and a beta of 0.99. Fidelity National Financial, Inc. has a twelve month low of $45.94 and a twelve month high of $66.72.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Thursday, February 19th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.10). Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same period in the previous year, the business earned $1.34 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. On average, analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.08 annualized dividend and a yield of 4.4%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 97.65%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FNF shares. National Bank Financial set a $71.00 price target on Fidelity National Financial in a research report on Monday, February 23rd. Wall Street Zen downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Keefe, Bruyette & Woods raised their target price on shares of Fidelity National Financial from $70.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Barclays lowered their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 6th. Finally, Weiss Ratings cut shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial presently has an average rating of “Moderate Buy” and a consensus price target of $68.33.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 6,000 shares of Fidelity National Financial stock in a transaction on Monday, January 5th. The shares were sold at an average price of $55.90, for a total transaction of $335,400.00. Following the completion of the transaction, the director directly owned 13,186 shares of the company’s stock, valued at $737,097.40. The trade was a 31.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.50% of the stock is owned by corporate insiders.

About Fidelity National Financial

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.