Entropy Technologies LP Acquires New Holdings in Fidelity National Financial, Inc. $FNF

Entropy Technologies LP acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 50,095 shares of the financial services provider’s stock, valued at approximately $2,735,000.

Several other institutional investors also recently added to or reduced their stakes in FNF. Canton Hathaway LLC bought a new position in Fidelity National Financial in the 4th quarter worth approximately $26,000. Commonwealth Retirement Investments LLC bought a new position in Fidelity National Financial in the 4th quarter worth approximately $28,000. Headlands Technologies LLC bought a new position in Fidelity National Financial in the 2nd quarter worth approximately $32,000. Cary Street Partners Investment Advisory LLC increased its position in 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 worth $53,000 after buying an additional 353 shares during the period. Finally, Torren Management LLC bought a new position in Fidelity National Financial in the 4th quarter worth approximately $57,000. 81.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on FNF. Keefe, Bruyette & Woods dropped their price target on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Barclays dropped their price target on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. National Bank Financial set a $50.00 price target on Fidelity National Financial in a research report on Monday, May 11th. Stephens dropped their price target on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Finally, Weiss Ratings downgraded Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. 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 stock. Based on data from MarketBeat, Fidelity National Financial presently has a consensus rating of “Hold” and a consensus target price of $56.25.

Fidelity National Financial Stock Performance

FNF opened at $47.85 on Monday. The stock has a market cap of $12.88 billion, a PE ratio of 17.49, a P/E/G ratio of 0.69 and a beta of 0.96. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 1 year low of $42.78 and a 1 year high of $61.40. The stock’s 50 day simple moving average is $48.62 and its 200-day simple moving average is $51.75.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.61 billion. Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share. Sell-side analysts forecast that Fidelity National Financial, Inc. will post 5.29 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.52 per share. The ex-dividend date is Tuesday, June 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.3%. Fidelity National Financial’s payout ratio is currently 75.91%.

Fidelity National Financial Company 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.