FNF Group of Fidelity National Financial (NYSE:FNF) Upgraded to “Hold” by 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. “

Several other analysts also recently weighed in on FNF. ValuEngine upgraded FNF Group of Fidelity National Financial from a hold rating to a buy rating in a research note on Friday, September 1st. SunTrust Banks reaffirmed a buy rating and issued a $41.00 price objective on shares of FNF Group of Fidelity National Financial in a research report on Friday, October 20th. Barclays upped their price objective on FNF Group of Fidelity National Financial from $36.00 to $41.00 and gave the company an overweight rating in a research report on Friday, October 27th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $37.00 price objective on shares of FNF Group of Fidelity National Financial in a research report on Sunday, October 29th. 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $43.17.

FNF Group of Fidelity National Financial (FNF) remained flat at $$40.84 during mid-day trading on Tuesday. The company had a trading volume of 959,613 shares, compared to its average volume of 1,322,702. FNF Group of Fidelity National Financial has a 52-week low of $33.91 and a 52-week high of $160.45. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.17. The stock has a market cap of $11,180.00, a PE ratio of -583.43 and a beta of 0.69.

FNF Group of Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 EPS. research analysts predict that FNF Group of Fidelity National Financial will post 2.47 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.64%. 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. FNF Group of Fidelity National Financial’s dividend payout ratio is presently -1,885.71%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of FNF Group of Fidelity National Financial by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 22,037,492 shares of the financial services provider’s stock valued at $987,941,000 after buying an additional 413,840 shares during the period. Principal Financial Group Inc. raised its holdings in FNF Group of Fidelity National Financial by 65.0% in the 2nd quarter. Principal Financial Group Inc. now owns 17,770,127 shares of the financial services provider’s stock worth $796,636,000 after purchasing an additional 7,000,057 shares during the period. Alliancebernstein L.P. raised its holdings in FNF Group of Fidelity National Financial by 28.0% in the 2nd quarter. Alliancebernstein L.P. now owns 5,965,608 shares of the financial services provider’s stock worth $267,438,000 after purchasing an additional 1,303,871 shares during the period. Victory Capital Management Inc. raised its holdings in FNF Group of Fidelity National Financial by 8.7% in the 3rd quarter. Victory Capital Management Inc. now owns 4,698,531 shares of the financial services provider’s stock worth $222,993,000 after purchasing an additional 375,435 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in FNF Group of Fidelity National Financial by 0.8% in the 3rd quarter. Wells Fargo & Company MN now owns 4,251,372 shares of the financial services provider’s stock worth $201,770,000 after purchasing an additional 34,143 shares during the period. 81.27% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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