Entropy Technologies LP Purchases 6,109 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Key Points

• Entropy Technologies LP increased its stake in Fidelity National Financial by 14.4% in the first quarter, holding $3.15 million worth of shares after acquiring an additional 6,109 shares.
• Analysts have adjusted their price targets for Fidelity National Financial, with Barclays lowering its target from $67.00 to $65.00 and a consensus price target of $71.20.
• Fidelity National Financial recently announced a quarterly dividend of $0.50 per share with a yield of 3.4%, and it has a dividend payout ratio of 49.50%.

Entropy Technologies LP lifted its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 14.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,434 shares of the financial services provider's stock after buying an additional 6,109 shares during the quarter. Entropy Technologies LP's holdings in Fidelity National Financial were worth $3,152,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in FNF. Wellington Management Group LLP grew its holdings in Fidelity National Financial by 421.4% during the fourth quarter. Wellington Management Group LLP now owns 35,223 shares of the financial services provider's stock valued at $1,977,000 after purchasing an additional 28,468 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Fidelity National Financial by 81.0% in the fourth quarter. Russell Investments Group Ltd. now owns 95,823 shares of the financial services provider's stock valued at $5,379,000 after purchasing an additional 42,868 shares during the last quarter. Cerity Partners LLC grew its holdings in Fidelity National Financial by 14.4% in the 4th quarter. Cerity Partners LLC now owns 37,162 shares of the financial services provider's stock valued at $2,117,000 after buying an additional 4,666 shares in the last quarter. Invesco Ltd. grew its position in Fidelity National Financial by 53.3% during the fourth quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider's stock worth $123,490,000 after buying an additional 764,958 shares in the last quarter. Finally, Advisory Services Network LLC lifted its holdings in shares of Fidelity National Financial by 2.6% during the 4th quarter. Advisory Services Network LLC now owns 19,241 shares of the financial services provider's stock worth $1,080,000 after acquiring an additional 485 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Down 1.3%

Shares of NYSE:FNF traded down $0.82 during midday trading on Thursday, hitting $60.25. 809,237 shares of the company's stock were exchanged, compared to its average volume of 1,595,537. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a 50 day moving average price of $55.96 and a 200-day moving average price of $58.83. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. The company has a market cap of $16.37 billion, a PE ratio of 15.28 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $1.16 EPS for the quarter, missing analysts' consensus estimates of $1.40 by ($0.24). Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period last year, the firm posted $1.24 EPS. The company's revenue for the quarter was up 15.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Fidelity National Financial's dividend payout ratio is presently 50.76%.

Wall Street Analysts Forecast Growth

Separately, Barclays dropped their price objective on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $71.20.

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.