FNF Group of Fidelity National Financial (FNF) Upgraded to Buy at 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 report sent to investors on Monday, January 8th. Zacks Investment Research 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. “

FNF has been the subject of several other reports. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $42.00 price objective on shares of FNF Group of Fidelity National Financial in a report on Friday, December 22nd. SunTrust Banks reissued a buy rating and issued a $41.00 price target on shares of FNF Group of Fidelity National Financial in a report on Friday, October 20th. Barclays boosted their price target on FNF Group of Fidelity National Financial from $36.00 to $41.00 and gave the stock an overweight rating in a report on Friday, October 27th. ValuEngine raised FNF Group of Fidelity National Financial from a hold rating to a buy rating in a research report on Friday, November 10th. Finally, Piper Jaffray Companies reaffirmed a buy rating and issued a $44.00 price objective on shares of FNF Group of Fidelity National Financial in a research report on Monday, December 18th. One analyst has rated the stock with a hold rating and six 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 $43.83.

FNF Group of Fidelity National Financial (NYSE FNF) traded down $0.61 during trading hours on Monday, reaching $38.37. The company had a trading volume of 557,064 shares, compared to its average volume of 1,352,646. FNF Group of Fidelity National Financial has a 12-month low of $33.91 and a 12-month high of $160.45. The stock has a market cap of $10,967.16, a P/E ratio of 16.21 and a beta of 0.97. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.17.

FNF Group of Fidelity National Financial (NYSE:FNF) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. FNF Group of Fidelity National Financial had a return on equity of 10.82% and a net margin of 8.13%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the business posted $0.71 EPS. The company’s revenue was down 8.9% on a year-over-year basis. equities research analysts predict that FNF Group of Fidelity National Financial will post 2.6 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, March 15th. FNF Group of Fidelity National Financial’s dividend payout ratio (DPR) is presently 55.46%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Cerebellum GP LLC acquired a new position in shares of FNF Group of Fidelity National Financial in the fourth quarter worth about $125,000. Fiduciary Trust Co. acquired a new position in shares of FNF Group of Fidelity National Financial in the second quarter worth about $137,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of FNF Group of Fidelity National Financial by 3,739.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,417 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 3,328 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of FNF Group of Fidelity National Financial in the third quarter worth about $207,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of FNF Group of Fidelity National Financial in the second quarter worth about $210,000. 81.35% of the stock is 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.

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