JCP Investment Management LLC Grows Holdings in Fidelity National Financial, Inc. $FNF

JCP Investment Management LLC raised its position in Fidelity National Financial, Inc. (NYSE:FNF) by 64.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 346,254 shares of the financial services provider’s stock after purchasing an additional 135,355 shares during the period. Fidelity National Financial makes up about 13.7% of JCP Investment Management LLC’s investment portfolio, making the stock its 3rd biggest holding. JCP Investment Management LLC owned about 0.13% of Fidelity National Financial worth $20,945,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Exchange Traded Concepts LLC raised its stake in Fidelity National Financial by 76.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 50,223 shares of the financial services provider’s stock worth $3,038,000 after buying an additional 21,770 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Fidelity National Financial in the third quarter valued at about $14,576,000. Federated Hermes Inc. grew its stake in Fidelity National Financial by 13.4% in the second quarter. Federated Hermes Inc. now owns 165,517 shares of the financial services provider’s stock valued at $9,279,000 after acquiring an additional 19,503 shares during the period. Cooke & Bieler LP increased its holdings in shares of Fidelity National Financial by 12.3% in the third quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock worth $318,081,000 after acquiring an additional 574,189 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Fidelity National Financial by 389.7% in the third quarter. CWM LLC now owns 120,505 shares of the financial services provider’s stock worth $7,289,000 after acquiring an additional 95,895 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Halim Dhanidina sold 6,000 shares of Fidelity National Financial stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $55.90, for a total value of $335,400.00. Following the sale, the director directly owned 13,186 shares in the company, valued at $737,097.40. This trade represents a 31.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.50% of the stock is owned by company insiders.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $47.54 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market cap of $12.89 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 0.60 and a beta of 0.99. The stock’s 50-day moving average is $53.46 and its 200-day moving average is $56.14. Fidelity National Financial, Inc. has a one year low of $45.94 and a one year high of $66.72.

Fidelity National Financial (NYSE:FNF) last posted 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 return on equity of 15.06% and a net margin of 4.17%.The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the previous year, the business posted $1.34 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

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

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.