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

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

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 topic of several other research reports. Barclays set a $46.00 price target on FNF Group of Fidelity National Financial and gave the stock a buy rating in a research note on Friday, January 12th. 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 research note on Monday, December 18th. SunTrust Banks reissued a buy rating and set a $41.00 price target on shares of FNF Group of Fidelity National Financial in a research note on Friday, October 20th. 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 research note on Friday, December 22nd. Finally, ValuEngine raised FNF Group of Fidelity National Financial from a hold rating to a buy rating in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $44.00.

Shares of FNF Group of Fidelity National Financial (NYSE FNF) traded down $0.50 during trading hours on Wednesday, hitting $41.35. The stock had a trading volume of 1,062,896 shares, compared to its average volume of 1,291,867. The stock has a market cap of $11,450.00, a price-to-earnings ratio of -590.71 and a beta of 0.69. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.85 and a quick ratio of 0.85. FNF Group of Fidelity National Financial has a fifty-two week low of $33.91 and a fifty-two week high of $160.45.

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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. The business had revenue of $1.99 billion for 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 company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 EPS. sell-side analysts expect that FNF Group of Fidelity National Financial will post 2.47 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a $0.27 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.08 dividend on an annualized basis and a yield of 2.61%. This is a positive change 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%.

Hedge funds have recently bought and sold shares of the stock. MUFG Americas Holdings Corp purchased a new stake in FNF Group of Fidelity National Financial in the 3rd quarter valued at approximately $316,000. Janus Henderson Group PLC lifted its stake in FNF Group of Fidelity National Financial by 242.9% in the 3rd quarter. Janus Henderson Group PLC now owns 387,002 shares of the financial services provider’s stock valued at $18,366,000 after buying an additional 274,143 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in FNF Group of Fidelity National Financial by 101.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 32,244 shares of the financial services provider’s stock valued at $1,699,000 after buying an additional 16,275 shares in the last quarter. Pictet Asset Management Ltd. lifted its stake in FNF Group of Fidelity National Financial by 3.5% in the 3rd quarter. Pictet Asset Management Ltd. now owns 87,947 shares of the financial services provider’s stock valued at $4,174,000 after buying an additional 3,000 shares in the last quarter. Finally, Hahn Capital Management LLC lifted its stake 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 valued at $28,959,000 after buying an additional 7,503 shares in the last quarter. 81.27% of the stock is currently owned by hedge funds and other institutional investors.

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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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