Islay Capital Management LLC Makes New $564,000 Investment in Fidelity National Financial, Inc. $FNF

Key Points

• Islay Capital Management LLC has invested approximately $564,000 in Fidelity National Financial, Inc., acquiring 8,665 shares of the financial services provider.
• Fidelity National Financial reported a net margin of 7.93% and a revenue increase of 15.1% compared to the same quarter last year.
• The company announced a quarterly dividend of $0.50 per share, leading to an annualized dividend of $2.00 with a yield of 3.3%.

Islay Capital Management LLC purchased a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 8,665 shares of the financial services provider's stock, valued at approximately $564,000.

Several other hedge funds also recently modified their holdings of FNF. Gilbert & Cook Inc. lifted its holdings in shares of Fidelity National Financial by 3.0% in the first quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider's stock valued at $378,000 after buying an additional 168 shares during the period. Journey Strategic Wealth LLC raised its position in Fidelity National Financial by 1.2% in the first quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider's stock worth $943,000 after acquiring an additional 175 shares in the last quarter. Commerce Bank lifted its holdings in Fidelity National Financial by 3.1% in the 1st quarter. Commerce Bank now owns 5,977 shares of the financial services provider's stock valued at $389,000 after acquiring an additional 177 shares during the last quarter. Peddock Capital Advisors LLC lifted its holdings in Fidelity National Financial by 3.2% in the 1st quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider's stock valued at $369,000 after acquiring an additional 178 shares during the last quarter. Finally, Kaizen Financial Strategies boosted its position in shares of Fidelity National Financial by 4.8% during the 1st quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider's stock valued at $269,000 after purchasing an additional 188 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

FNF stock opened at $60.8050 on Monday. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72. The firm has a 50-day moving average of $56.61 and a two-hundred day moving average of $58.91. The firm has a market capitalization of $16.52 billion, a PE ratio of 15.43 and a beta of 1.02. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50.

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

Fidelity National Financial Announces Dividend

The firm also recently announced 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 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%.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their target price on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Fidelity National Financial presently has a consensus rating of "Moderate Buy" and a consensus 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.

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