FNF Group of Fidelity National Financial (FNF) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of FNF Group of Fidelity National Financial (NYSE:FNF) from a buy rating to a hold rating in a report released on Wednesday.

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 commented on FNF. 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 report on Monday, December 18th. 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 report on Friday, December 22nd. ValuEngine raised FNF Group of Fidelity National Financial from a hold rating to a buy rating in a report on Friday, November 10th. Barclays upped their target price on 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. Finally, SunTrust Banks reaffirmed a buy rating and set a $41.00 target price on shares of FNF Group of Fidelity National Financial in a report on Friday, October 20th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $42.83.

FNF Group of Fidelity National Financial (NYSE FNF) opened at $40.81 on Wednesday. The company has a market capitalization of $11,019.17, a P/E ratio of 15.54 and a beta of 0.97. FNF Group of Fidelity National Financial has a fifty-two week low of $33.91 and a fifty-two week high of $160.45. 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 posted its earnings results on Wednesday, October 25th. The financial services provider reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.04. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates 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 revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 earnings per share. sell-side analysts predict that FNF Group of Fidelity National Financial will post 2.47 EPS for the current fiscal year.

The firm 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. This represents a $1.08 dividend on an annualized basis and a yield of 2.65%. This is a positive change from FNF Group of Fidelity National Financial’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, December 14th. FNF Group of Fidelity National Financial’s dividend payout ratio is 56.65%.

A number of hedge funds have recently modified their holdings of the stock. Crestwood Advisors Group LLC grew its holdings in FNF Group of Fidelity National Financial by 0.4% in the 3rd quarter. Crestwood Advisors Group LLC now owns 482,911 shares of the financial services provider’s stock worth $22,919,000 after buying an additional 2,023 shares in the last quarter. GSA Capital Partners LLP bought a new position in FNF Group of Fidelity National Financial in the 3rd quarter worth approximately $207,000. Hahn Capital Management LLC grew its holdings in FNF Group of Fidelity National Financial by 1.2% in the 3rd quarter. Hahn Capital Management LLC now owns 610,179 shares of the financial services provider’s stock worth $28,959,000 after buying an additional 7,503 shares in the last quarter. IFM Investors Pty Ltd bought a new position in FNF Group of Fidelity National Financial in the 3rd quarter worth approximately $423,000. Finally, California Public Employees Retirement System grew its holdings in FNF Group of Fidelity National Financial by 12.1% in the 3rd quarter. California Public Employees Retirement System now owns 584,641 shares of the financial services provider’s stock worth $27,747,000 after buying an additional 63,141 shares in the last quarter. 81.31% 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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