Entropy Technologies LP Acquires 2,943 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Entropy Technologies LP lifted its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 11.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,749 shares of the financial services provider’s stock after acquiring an additional 2,943 shares during the period. Entropy Technologies LP’s holdings in Fidelity National Financial were worth $1,846,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TPG GP A LLC purchased a new stake in Fidelity National Financial during the second quarter valued at approximately $83,798,000. Windacre Partnership LLC boosted its stake in Fidelity National Financial by 9.6% during the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock worth $862,836,000 after buying an additional 1,424,767 shares during the period. Vanguard Group Inc. boosted its stake in Fidelity National Financial by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock worth $1,427,102,000 after buying an additional 728,768 shares during the period. Victory Capital Management Inc. increased its position in Fidelity National Financial by 8.5% during the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after acquiring an additional 640,829 shares during the last quarter. Finally, Cooke & Bieler LP raised its stake in shares of Fidelity National Financial by 3.2% in the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock valued at $293,436,000 after acquiring an additional 184,078 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FNF. Stephens reiterated an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Keefe, Bruyette & Woods increased their price target on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft upped their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Barclays upped their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $63.60.

Fidelity National Financial Price Performance

Shares of FNF stock opened at $61.05 on Wednesday. Fidelity National Financial, Inc. has a twelve month low of $43.11 and a twelve month high of $62.97. The company has a current ratio of 39.51, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $60.33 and a two-hundred day simple moving average of $55.16. The stock has a market capitalization of $16.69 billion, a price-to-earnings ratio of 21.88 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 14.08% and a net margin of 5.57%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the company earned $1.23 earnings per share. The firm’s revenue was up 29.7% on a year-over-year basis. On average, analysts predict that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.50 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.28%. Fidelity National Financial’s payout ratio is 69.82%.

Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the transaction, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.20% of the stock is owned by company insiders.

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.