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

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. “

A number of other research analysts also recently commented on FNF. ValuEngine raised shares of FNF Group of Fidelity National Financial from a hold rating to a buy rating in a research report on Friday, November 10th. Barclays boosted their price objective on shares of FNF Group of Fidelity National Financial from $36.00 to $41.00 and gave the company an overweight rating in a research report on Friday, October 27th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $37.00 price objective on shares of FNF Group of Fidelity National Financial in a research report on Sunday, October 29th. 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. 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. FNF Group of Fidelity National Financial currently has a consensus rating of Buy and an average target price of $44.00.

FNF Group of Fidelity National Financial (NYSE:FNF) remained flat at $$40.84 during mid-day trading on Tuesday. 959,600 shares of the company traded hands, compared to its average volume of 1,322,700. FNF Group of Fidelity National Financial has a 12-month low of $33.91 and a 12-month high of $160.45. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $11,180.00, a price-to-earnings ratio of -583.43 and a beta of 0.69.

FNF Group of Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business earned $0.69 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. equities research analysts predict 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 given a dividend of $0.27 per share. The ex-dividend date was Thursday, December 14th. This is an increase from FNF Group of Fidelity National Financial’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 2.64%. FNF Group of Fidelity National Financial’s payout ratio is presently -1,885.71%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. PointState Capital LP bought a new stake in FNF Group of Fidelity National Financial in the second quarter worth approximately $33,981,000. Kempen Capital Management N.V. bought a new stake in FNF Group of Fidelity National Financial in the second quarter worth approximately $24,082,000. PGGM Investments bought a new stake in FNF Group of Fidelity National Financial in the third quarter worth approximately $24,678,000. Vanguard Group Inc. grew its position in FNF Group of Fidelity National Financial by 1.9% in the second quarter. Vanguard Group Inc. now owns 22,037,492 shares of the financial services provider’s stock worth $987,941,000 after acquiring an additional 413,840 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in FNF Group of Fidelity National Financial by 8.7% in the third quarter. Victory Capital Management Inc. now owns 4,698,531 shares of the financial services provider’s stock worth $222,993,000 after acquiring an additional 375,435 shares in the last quarter. 81.27% of the stock is currently owned by hedge funds and other institutional investors.

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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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Analyst Recommendations for FNF Group of Fidelity National Financial (NYSE:FNF)

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