Fidelity National Financial (NYSE:FNF) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage currently has a $38.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 10.95% from the company’s previous close.

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. ValuEngine lowered shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Barclays set a $42.00 target price on shares of Fidelity National Financial and gave the company a “buy” rating in a report on Friday, December 14th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Fidelity National Financial currently has an average rating of “Buy” and an average price target of $41.25.

FNF stock opened at $34.25 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85. Fidelity National Financial has a 52 week low of $29.50 and a 52 week high of $42.52. The firm has a market cap of $9.35 billion, a P/E ratio of 15.09 and a beta of 0.84.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, October 24th. The financial services provider reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.01). Fidelity National Financial had a net margin of 10.54% and a return on equity of 16.32%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the business posted $0.71 EPS. Fidelity National Financial’s revenue for the quarter was up 5.7% on a year-over-year basis. Research analysts expect that Fidelity National Financial will post 2.75 earnings per share for the current year.

In other news, Director John D. Rood purchased 31,200 shares of the company’s stock in a transaction on Friday, October 26th. The stock was acquired at an average price of $32.51 per share, with a total value of $1,014,312.00. Following the transaction, the director now directly owns 43,681 shares of the company’s stock, valued at approximately $1,420,069.31. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.10% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Daiwa SB Investments Ltd. boosted its position in Fidelity National Financial by 1,207.7% during the 4th quarter. Daiwa SB Investments Ltd. now owns 1,700 shares of the financial services provider’s stock valued at $53,000 after buying an additional 1,570 shares during the period. Cerebellum GP LLC boosted its position in Fidelity National Financial by 100.1% during the 3rd quarter. Cerebellum GP LLC now owns 4,514 shares of the financial services provider’s stock valued at $178,000 after buying an additional 2,258 shares during the period. Zacks Investment Management purchased a new stake in Fidelity National Financial during the 2nd quarter valued at $200,000. FDx Advisors Inc. purchased a new stake in Fidelity National Financial during the 3rd quarter valued at $201,000. Finally, Park National Corp OH purchased a new stake in Fidelity National Financial during the 3rd quarter valued at $206,000. 82.56% of the stock is owned by institutional investors and hedge funds.

About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.

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