FNF Group of Fidelity National Financial (FNF) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research lowered shares of FNF Group of Fidelity National Financial (NYSE:FNF) from a buy rating to a hold rating in a research note released on Wednesday.

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. “

FNF has been the topic of several other research reports. Barclays set a $46.00 price target on FNF Group of Fidelity National Financial and gave the company a buy rating in a research report on Friday, January 12th. Piper Jaffray Companies restated a buy rating and issued a $44.00 price target on shares of FNF Group of Fidelity National Financial in a research report on Monday, December 18th. SunTrust Banks restated a buy rating and issued a $41.00 price target on shares of FNF Group of Fidelity National Financial in a research report on Friday, October 20th. Keefe, Bruyette & Woods restated a hold rating and issued a $42.00 price target on shares of FNF Group of Fidelity National Financial in a research report on Friday, December 22nd. Finally, ValuEngine upgraded FNF Group of Fidelity National Financial from a hold rating to a buy rating in a research report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. FNF Group of Fidelity National Financial presently has a consensus rating of Buy and an average target price of $44.00.

Shares of FNF Group of Fidelity National Financial (NYSE:FNF) traded down $0.50 during mid-day trading on Wednesday, reaching $41.35. The company had a trading volume of 1,062,896 shares, compared to its average volume of 1,291,867. The firm has a market cap of $11,450.00, a PE ratio of -590.71 and a beta of 0.69. FNF Group of Fidelity National Financial has a 1 year low of $33.91 and a 1 year high of $160.45. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.85 and a quick ratio of 0.85.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Thursday, December 14th. This is a positive change from FNF Group of Fidelity National Financial’s previous quarterly dividend of $0.25. FNF Group of Fidelity National Financial’s payout ratio is currently -1,885.71%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Syntal Capital Partners LLC purchased a new stake in FNF Group of Fidelity National Financial in the 4th quarter valued at approximately $1,437,000. Fox Run Management L.L.C. boosted its holdings in FNF Group of Fidelity National Financial by 290.1% in the 4th quarter. Fox Run Management L.L.C. now owns 33,546 shares of the financial services provider’s stock valued at $1,316,000 after purchasing an additional 24,946 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in FNF Group of Fidelity National Financial by 3.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 594,190 shares of the financial services provider’s stock valued at $23,317,000 after purchasing an additional 22,078 shares in the last quarter. CWM LLC boosted its holdings in FNF Group of Fidelity National Financial by 9.3% in the 4th quarter. CWM LLC now owns 122,604 shares of the financial services provider’s stock valued at $4,811,000 after purchasing an additional 10,468 shares in the last quarter. Finally, USS Investment Management Ltd boosted its holdings in FNF Group of Fidelity National Financial by 24.8% in the 4th quarter. USS Investment Management Ltd now owns 794,600 shares of the financial services provider’s stock valued at $31,188,000 after purchasing an additional 158,000 shares in the last quarter. 81.27% of the stock is currently owned by institutional investors.

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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.

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

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