JCP Investment Management LLC increased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 10.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 376,527 shares of the financial services provider’s stock after purchasing an additional 35,000 shares during the period. Fidelity National Financial makes up about 11.6% of JCP Investment Management LLC’s portfolio, making the stock its 3rd biggest position. JCP Investment Management LLC’s holdings in Fidelity National Financial were worth $17,463,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in FNF. Canton Hathaway LLC purchased a new stake in Fidelity National Financial in the fourth quarter worth about $26,000. Commonwealth Retirement Investments LLC purchased a new position in Fidelity National Financial during the 4th quarter valued at about $28,000. Headlands Technologies LLC bought a new stake in shares of Fidelity National Financial in the 2nd quarter valued at about $32,000. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Fidelity National Financial by 57.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 353 shares in the last quarter. Finally, Fideuram Asset Management Ireland dac purchased a new stake in shares of Fidelity National Financial in the 4th quarter worth approximately $58,000. 81.17% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a research report on Thursday, June 11th. National Bank Financial set a $51.00 price target on Fidelity National Financial in a report on Tuesday, July 7th. Keefe, Bruyette & Woods reduced their price target on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, June 25th. Finally, Stephens decreased their price objective on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $56.00.
Fidelity National Financial Stock Performance
Shares of FNF opened at $51.64 on Monday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. The firm has a market cap of $13.90 billion, a PE ratio of 18.87, a P/E/G ratio of 0.77 and a beta of 0.96. Fidelity National Financial, Inc. has a 12 month low of $42.78 and a 12 month high of $61.40. The stock has a fifty day moving average price of $48.36 and a 200-day moving average price of $50.05.
Fidelity National Financial (NYSE:FNF – Get Free Report) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter last year, the firm earned $0.78 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. Equities research analysts predict that Fidelity National Financial, Inc. will post 5.14 earnings per share for the current fiscal year.
Fidelity National Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 75.91%.
Insiders Place Their Bets
In other news, EVP Peter T. Sadowski sold 69,196 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the sale, the executive vice president owned 5,702 shares in the company, valued at approximately $260,581.40. The trade was a 92.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.70% of the company’s stock.
Fidelity National Financial Profile
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.
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