JCP Investment Management LLC Invests $11.72 Million 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 bought a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 180,100 shares of the financial services provider's stock, valued at approximately $11,721,000. Fidelity National Financial makes up about 7.3% of JCP Investment Management LLC's investment portfolio, making the stock its 8th biggest position. JCP Investment Management LLC owned about 0.07% of Fidelity National Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Fidelity National Financial Stock Down 1.5%

Shares of FNF traded down $0.89 during mid-day trading on Thursday, hitting $57.29. The company's stock had a trading volume of 518,544 shares, compared to its average volume of 1,599,953. The firm has a market capitalization of $15.73 billion, a price-to-earnings ratio of 14.15 and a beta of 1.02. The company's 50-day moving average is $55.40 and its 200-day moving average is $58.80. 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 52-week low of $50.61 and a 52-week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its 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). The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The business's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 earnings per share. On average, equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.5%. Fidelity National Financial's payout ratio is 49.50%.

Analyst Upgrades and Downgrades

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