FNF Group of Fidelity National Financial (FNF) Stock Rating Upgraded by Zacks Investment Research

FNF Group of Fidelity National Financial (NYSE:FNF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a $46.00 target price on the financial services provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 9.92% from the company’s previous close.

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

Shares of FNF Group of Fidelity National Financial (FNF) traded up $0.92 during mid-day trading on Tuesday, hitting $41.85. The stock had a trading volume of 1,444,800 shares, compared to its average volume of 1,312,691. The firm has a market capitalization of $11,450.00, a PE ratio of -597.86 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 12 month low of $33.91 and a 12 month high of $160.45.

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 for the quarter, beating the consensus estimate of $0.67 by $0.04. The company had revenue of $1.99 billion during 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 business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. equities analysts forecast that FNF Group of Fidelity National Financial will post 2.47 earnings per share for the current year.

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