Entropy Technologies LP Makes New $2.74 Million Investment in Fidelity National Financial, Inc. $FNF

Entropy Technologies LP acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 50,095 shares of the financial services provider’s stock, valued at approximately $2,735,000.

Other institutional investors have also recently bought and sold shares of the company. Canton Hathaway LLC acquired a new stake in Fidelity National Financial during the 4th quarter worth about $26,000. Commonwealth Retirement Investments LLC acquired a new stake in Fidelity National Financial during the 4th quarter worth about $28,000. Headlands Technologies LLC acquired a new stake in Fidelity National Financial during the 2nd quarter worth about $32,000. Cary Street Partners Investment Advisory LLC boosted its position in Fidelity National Financial by 57.2% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 353 shares during the period. Finally, Fideuram Asset Management Ireland dac acquired a new stake in Fidelity National Financial during the 4th quarter worth about $58,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Down 0.2%

Shares of Fidelity National Financial stock opened at $47.85 on Monday. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 0.69 and a beta of 0.96. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. Fidelity National Financial, Inc. has a 52-week low of $42.78 and a 52-week high of $61.40. The stock has a 50-day simple moving average of $48.62 and a 200-day simple moving average of $51.75.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The firm had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities research analysts expect that Fidelity National Financial, Inc. will post 5.29 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 75.91%.

Analyst Ratings Changes

A number of equities research analysts have commented on FNF shares. National Bank Financial set a $50.00 price objective on Fidelity National Financial in a research report on Monday, May 11th. Barclays decreased their price objective on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. Keefe, Bruyette & Woods reduced their price target on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Weiss Ratings lowered Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Finally, Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Fidelity National Financial has an average rating of “Hold” and an average target price of $56.25.

About Fidelity National Financial

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.