JCP Investment Management LLC Takes $11.72 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

Key Points

• JCP Investment Management LLC invested approximately $11.72 million in Fidelity National Financial by purchasing 180,100 shares, which now account for about 7.3% of its total holdings.
• Fidelity National Financial reported a disappointing EPS of $0.78 for the recent quarter, missing analyst expectations of $1.13, with a revenue decline of 17.3% year-over-year.
• The company also declared a quarterly dividend of $0.50, representing a yield of 3.5% and maintaining a dividend payout ratio of 49.50%.

JCP Investment Management LLC acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 180,100 shares of the financial services provider's stock, valued at approximately $11,721,000. Fidelity National Financial comprises 7.3% of JCP Investment Management LLC's investment portfolio, making the stock its 8th largest holding. JCP Investment Management LLC owned 0.07% of Fidelity National Financial at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Capital Analysts LLC acquired a new position in shares of Fidelity National Financial during the 4th quarter worth approximately $29,000. Opal Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial during the 1st quarter worth approximately $32,000. Synergy Investment Management LLC acquired a new position in shares of Fidelity National Financial during the 1st quarter worth approximately $36,000. Olde Wealth Management LLC acquired a new position in shares of Fidelity National Financial during the 1st quarter worth approximately $40,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Fidelity National Financial during the 4th quarter worth approximately $44,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Trading Up 0.7%

Shares of FNF stock traded up $0.39 during trading hours on Wednesday, hitting $58.48. 232,614 shares of the company's stock traded hands, compared to its average volume of 1,598,633. The stock's 50 day simple moving average is $55.40 and its 200 day simple moving average is $58.80. The stock has a market cap of $16.06 billion, a PE ratio of 14.47 and a beta of 1.02. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. The company has a quick ratio of 0.25, a current ratio of 0.25 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, May 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the business posted $0.91 EPS. Fidelity National Financial's revenue was down 17.3% on a year-over-year basis. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. Fidelity National Financial's dividend payout ratio is 49.50%.

Wall Street Analysts Forecast Growth

FNF has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target for the company in a report on Tuesday, April 8th. Barclays cut their price target 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 assigned a buy rating to the stock. According to MarketBeat.com, Fidelity National Financial has a consensus rating of "Moderate Buy" and a consensus target price of $71.20.

Fidelity National Financial Profile

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.