FNF Group of Fidelity National Financial (FNF) Upgraded 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 note released on Monday morning. They currently have $46.00 price target 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 research reports. Keefe, Bruyette & Woods reissued a hold rating and set a $42.00 price target on shares of FNF Group of Fidelity National Financial in a report on Friday, December 22nd. SunTrust Banks reissued a buy rating and set 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 shares of FNF Group of Fidelity National Financial from $36.00 to $41.00 and gave the company an overweight rating in a report on Friday, October 27th. ValuEngine raised shares of FNF Group of Fidelity National Financial from a hold rating to a buy rating in a report on Friday, November 10th. Finally, Piper Jaffray Companies reissued a buy rating and set a $44.00 price target on shares of FNF Group of Fidelity National Financial in a report on Monday, December 18th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of Buy and an average price target of $44.00.

Shares of FNF Group of Fidelity National Financial (NYSE:FNF) traded down $0.08 on Monday, hitting $40.76. 1,102,100 shares of the stock traded hands, compared to its average volume of 1,298,189. FNF Group of Fidelity National Financial has a 52 week low of $33.91 and a 52 week high of $160.45. The firm has a market capitalization of $11,180.00, a P/E ratio of -582.29 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 (NYSE:FNF) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share (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 company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. equities analysts expect that FNF Group of Fidelity National Financial will post 2.47 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.27 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.08 annualized dividend and a yield of 2.65%. 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 dividend payout ratio is presently -1,885.71%.

A number of hedge funds have recently bought and sold shares of FNF. SG Americas Securities LLC acquired a new stake in FNF Group of Fidelity National Financial in the second quarter worth about $295,000. Neuberger Berman Group LLC lifted its holdings in FNF Group of Fidelity National Financial by 8.9% in the second quarter. Neuberger Berman Group LLC now owns 13,934 shares of the financial services provider’s stock worth $625,000 after purchasing an additional 1,144 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in FNF Group of Fidelity National Financial by 0.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,051 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 56 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in FNF Group of Fidelity National Financial in the second quarter worth about $210,000. Finally, JPMorgan Chase & Co. lifted its holdings in FNF Group of Fidelity National Financial by 204.3% in the second quarter. JPMorgan Chase & Co. now owns 225,731 shares of the financial services provider’s stock worth $10,120,000 after purchasing an additional 151,555 shares during the period. 81.27% of the stock is owned by institutional investors and hedge funds.

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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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