FNF Group of Fidelity National Financial (NYSE:FNF) Stock Rating Upgraded by 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 issued on Tuesday, January 16th. The firm 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. “

Other analysts have also recently issued reports about the company. Piper Jaffray Companies reiterated a buy rating and set a $44.00 price target on shares of FNF Group of Fidelity National Financial in a research report on Monday, December 18th. ValuEngine upgraded FNF Group of Fidelity National Financial from a hold rating to a buy rating in a research report on Friday, November 10th. SunTrust Banks reissued a buy rating and issued a $41.00 price objective on shares of FNF Group of Fidelity National Financial in a report on Friday, October 20th. Barclays set a $46.00 price objective on FNF Group of Fidelity National Financial and gave the stock a buy rating in a report on Friday, January 12th. Finally, Keefe, Bruyette & Woods reissued a hold rating and issued a $42.00 price objective on shares of FNF Group of Fidelity National Financial in a report on Friday, December 22nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $44.14.

Shares of FNF Group of Fidelity National Financial (FNF) traded up $0.53 during trading on Tuesday, hitting $37.28. The stock had a trading volume of 2,250,000 shares, compared to its average volume of 1,560,000. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.01 and a quick ratio of 0.85. The firm has a market cap of $10,200.00, a PE ratio of -532.57 and a beta of 0.61. FNF Group of Fidelity National Financial has a fifty-two week low of $29.05 and a fifty-two week high of $41.99.

FNF Group of Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.91 billion. FNF Group of Fidelity National Financial had a return on equity of 11.72% and a net margin of 8.13%. The business’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 EPS. research analysts forecast that FNF Group of Fidelity National Financial will post 2.69 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 16th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Thursday, March 15th. FNF Group of Fidelity National Financial’s dividend payout ratio (DPR) is -1,885.71%.

A number of hedge funds have recently modified their holdings of FNF. Cerebellum GP LLC bought a new position in FNF Group of Fidelity National Financial in the 4th quarter worth approximately $125,000. Northwestern Mutual Wealth Management Co. boosted its stake in FNF Group of Fidelity National Financial by 3,739.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,417 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 3,328 shares in the last quarter. Whittier Trust Co. boosted its stake in FNF Group of Fidelity National Financial by 92.1% during the 4th quarter. Whittier Trust Co. now owns 5,215 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 2,500 shares in the last quarter. GSA Capital Partners LLP bought a new position in FNF Group of Fidelity National Financial during the 3rd quarter valued at $207,000. Finally, Oppenheimer & Co. Inc. bought a new position in FNF Group of Fidelity National Financial during the 2nd quarter valued at $210,000. 81.66% of the stock is owned by institutional investors and hedge funds.

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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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