FNF Group of Fidelity National Financial (NYSE:FNF) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of FNF Group of Fidelity National Financial (NYSE:FNF) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday, December 19th.

According to Zacks, “Fidelity National Title Group, Inc. is a leading provider of title insurance, specialty insurance and claims management services. FNT is one of the nation’s largest title insurance companies through its title insurance underwriters. FNT also provides flood insurance, personal lines insurance and home warranty insurance through it specialty insurance business. FNT also is a leading provider of outsourced claims management services to large corporate and public sector entities through its minority-owned subsidiary, Sedgwick CMS. “

A number of other brokerages also recently weighed in on FNF. ValuEngine raised shares of FNF Group of Fidelity National Financial from a hold rating to a buy rating in a research note on Friday, September 1st. Barclays lifted their price target on shares of FNF Group of Fidelity National Financial from $36.00 to $41.00 and gave the stock an overweight rating in a research report on Friday, October 27th. Keefe, Bruyette & Woods reiterated a hold rating and set a $37.00 price target on shares of FNF Group of Fidelity National Financial in a research report on Sunday, October 29th. Piper Jaffray Companies reiterated a buy rating and set a $44.00 price target on shares of FNF Group of Fidelity National Financial in a research report on Monday, December 18th. Finally, SunTrust Banks reiterated a buy rating and set a $41.00 price target on shares of FNF Group of Fidelity National Financial in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $43.17.

Shares of FNF Group of Fidelity National Financial (NYSE:FNF) traded up $0.01 during midday trading on Tuesday, hitting $40.84. 811,800 shares of the company’s stock were exchanged, compared to its average volume of 1,374,571. FNF Group of Fidelity National Financial has a one year low of $33.91 and a one year high of $160.45. The company has a market capitalization of $11,180.00, a P/E ratio of -583.43 and a beta of 0.69. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.85 and a current ratio of 0.85.

FNF Group of Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. FNF Group of Fidelity National Financial had a net margin of 7.77% and a return on equity of 11.05%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. research analysts expect that FNF Group of Fidelity National Financial will post 2.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.27 per share. This is a boost from FNF Group of Fidelity National Financial’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, December 14th. This represents a $1.08 annualized dividend and a dividend yield of 2.64%. FNF Group of Fidelity National Financial’s payout ratio is currently -1,885.71%.

Large investors have recently modified their holdings of the company. Janney Montgomery Scott LLC grew its holdings in FNF Group of Fidelity National Financial by 26.7% during the second quarter. Janney Montgomery Scott LLC now owns 6,791 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 1,433 shares during the period. Sei Investments Co. grew its holdings in FNF Group of Fidelity National Financial by 1.0% during the second quarter. Sei Investments Co. now owns 30,170 shares of the financial services provider’s stock valued at $1,353,000 after purchasing an additional 291 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in FNF Group of Fidelity National Financial by 5.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 878,042 shares of the financial services provider’s stock valued at $39,363,000 after purchasing an additional 44,773 shares during the period. Teacher Retirement System of Texas acquired a new position in FNF Group of Fidelity National Financial during the second quarter valued at approximately $255,000. Finally, State of Wisconsin Investment Board grew its holdings in FNF Group of Fidelity National Financial by 38.7% during the second quarter. State of Wisconsin Investment Board now owns 223,841 shares of the financial services provider’s stock valued at $10,035,000 after purchasing an additional 62,470 shares during the period. Institutional investors own 81.27% of the company’s stock.

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About FNF Group of Fidelity National Financial

Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.

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