FNF Group of Fidelity National Financial (FNF) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of FNF Group of Fidelity National Financial (NYSE:FNF) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning. The firm currently has $46.00 price objective on the financial services provider’s stock.

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. “

Several other equities research analysts have also weighed in on the stock. Barclays set a $46.00 price objective on shares of FNF Group of Fidelity National Financial and gave the stock a buy rating in a research note on Friday, January 12th. Keefe, Bruyette & Woods reiterated a hold rating and set a $42.00 price objective on shares of FNF Group of Fidelity National Financial in a research note on Friday, December 22nd. Piper Jaffray Companies reiterated a buy rating and set a $44.00 price objective on shares of FNF Group of Fidelity National Financial in a research note on Monday, December 18th. ValuEngine upgraded shares of FNF Group of Fidelity National Financial from a hold rating to a buy rating in a research note on Friday, November 10th. Finally, SunTrust Banks reiterated a buy rating and set a $41.00 price objective on shares of FNF Group of Fidelity National Financial in a research note on Friday, October 20th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $44.00.

Shares of FNF Group of Fidelity National Financial (FNF) traded up $0.17 during trading on Tuesday, hitting $40.93. 1,311,100 shares of the stock were exchanged, compared to its average volume of 1,299,480. The firm has a market cap of $11,200.00, a price-to-earnings ratio of -584.71 and a beta of 0.69. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.17. FNF Group of Fidelity National Financial has a 1-year low of $33.91 and a 1-year high of $160.45.

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

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

A number of large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its position in FNF Group of Fidelity National Financial by 3,739.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,417 shares of the financial services provider’s stock worth $153,000 after buying an additional 3,328 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in FNF Group of Fidelity National Financial in the 3rd quarter worth approximately $207,000. Oppenheimer & Co. Inc. purchased a new stake in FNF Group of Fidelity National Financial in the 2nd quarter worth approximately $210,000. Advisor Group Inc. lifted its position in FNF Group of Fidelity National Financial by 3.7% in the 2nd quarter. Advisor Group Inc. now owns 21,266 shares of the financial services provider’s stock worth $211,000 after buying an additional 756 shares in the last quarter. Finally, Douglas Lane & Associates LLC purchased a new stake in FNF Group of Fidelity National Financial in the 3rd quarter worth approximately $215,000. Hedge funds and other institutional investors own 81.27% of the company’s stock.

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FNF Group of Fidelity National Financial Company Profile

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.

Analyst Recommendations for FNF Group of Fidelity National Financial (NYSE:FNF)

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