FNF Group of Fidelity National Financial (NYSE: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 report published on Friday, December 29th. They currently have $44.00 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. “

A number of other research analysts also recently issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $42.00 price objective on shares of FNF Group of Fidelity National Financial in a research report on Friday, December 22nd. 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. ValuEngine raised shares of FNF Group of Fidelity National Financial from a hold rating to a buy rating in a research report on Friday, November 10th. Barclays lifted their price objective on shares of FNF Group of Fidelity National Financial from $36.00 to $41.00 and gave the stock an overweight rating in a research report on Friday, October 27th. Finally, 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $44.00.

FNF Group of Fidelity National Financial (NYSE:FNF) traded down $0.06 during trading hours on Friday, hitting $40.76. 1,100,000 shares of the stock traded hands, compared to its average volume of 1,520,000. FNF Group of Fidelity National Financial has a twelve month low of $26.37 and a twelve month high of $41.54. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $11,180.00, a price-to-earnings ratio of -582.29 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 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. FNF Group of Fidelity National Financial had a net margin of 7.77% and a return on equity of 11.05%. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business posted $0.69 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. sell-side analysts expect that FNF Group of Fidelity National Financial will post 2.47 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Thursday, December 14th. This is an increase 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 large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in 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 worth $987,941,000 after purchasing an additional 413,840 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of 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 valued at $267,438,000 after acquiring an additional 1,303,871 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of 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 valued at $222,993,000 after acquiring an additional 375,435 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of 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 valued at $201,770,000 after acquiring an additional 34,143 shares during the last quarter. Finally, Cannell Peter B & Co. Inc. boosted its holdings in shares of FNF Group of Fidelity National Financial by 6.8% in the 2nd quarter. Cannell Peter B & Co. Inc. now owns 1,833,660 shares of the financial services provider’s stock valued at $82,203,000 after acquiring an additional 117,475 shares during the last quarter. 81.27% of the stock is currently owned by 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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