FNF Group of Fidelity National Financial (FNF) Lifted 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 research report sent to investors on Friday. They currently have $44.00 target price 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. “

Several other research firms have also recently issued reports on FNF. ValuEngine raised FNF Group of Fidelity National Financial from a hold rating to a buy rating in a research report on Friday, September 1st. Piper Jaffray Companies reaffirmed a buy rating and set a $44.00 price objective on shares of FNF Group of Fidelity National Financial in a research report on Monday, December 18th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $42.00 price objective on shares of FNF Group of Fidelity National Financial in a research report on Friday, December 22nd. Barclays upped their price objective on 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 set a $41.00 price objective on shares of FNF Group of Fidelity National Financial in a research report on Friday, October 20th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $42.83.

FNF Group of Fidelity National Financial (NYSE:FNF) opened at $39.24 on Friday. The company has a market capitalization of $10,740.00, a price-to-earnings ratio of -560.57 and a beta of 0.69. FNF Group of Fidelity National Financial has a one year low of $24.18 and a one year high of $40.75. 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 released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. The business 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. analysts anticipate that FNF Group of Fidelity National Financial will post 2.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.27 dividend. This is an increase from FNF Group of Fidelity National Financial’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 2.75%. The ex-dividend date was Thursday, December 14th. FNF Group of Fidelity National Financial’s payout ratio is presently -1,885.71%.

Several institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. raised its stake in FNF Group of Fidelity National Financial by 0.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 6,051 shares of the financial services provider’s stock valued at $271,000 after acquiring an additional 56 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in FNF Group of Fidelity National Financial by 3.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,467 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 131 shares during the last quarter. Advisor Group Inc. raised its stake in FNF Group of Fidelity National Financial by 3.7% during the 2nd quarter. Advisor Group Inc. now owns 21,266 shares of the financial services provider’s stock valued at $211,000 after acquiring an additional 756 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in FNF Group of Fidelity National Financial by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,029 shares of the financial services provider’s stock valued at $450,000 after acquiring an additional 760 shares during the last quarter. Finally, GAM Holding AG raised its stake in FNF Group of Fidelity National Financial by 5.0% during the 2nd quarter. GAM Holding AG now owns 17,427 shares of the financial services provider’s stock valued at $781,000 after acquiring an additional 831 shares during the last quarter. 81.31% 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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