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 issued to investors 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. “

FNF has been the subject of several other research reports. Barclays set a $46.00 price objective on shares of FNF Group of Fidelity National Financial and gave the company a buy rating in a research report on Friday, January 12th. Piper Jaffray Companies restated 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. SunTrust Banks restated 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. Keefe, Bruyette & Woods restated 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. Finally, ValuEngine upgraded shares of FNF Group of Fidelity National Financial from a hold rating to a buy rating in a research report on Friday, November 10th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $44.00.

FNF Group of Fidelity National Financial (NYSE FNF) opened at $41.50 on Wednesday. The company has a market cap of $11,320.00, a PE ratio of -592.86 and a beta of 0.69. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.85 and a current ratio of 0.85. FNF Group of Fidelity National Financial has a 52 week low of $26.65 and a 52 week high of $41.97.

FNF Group of Fidelity National Financial (NYSE:FNF) last released 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. FNF Group of Fidelity National Financial had a net margin of 7.77% and a return on equity of 11.05%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter last year, the company earned $0.69 EPS. FNF Group of Fidelity National Financial’s quarterly revenue was up 2.0% on a year-over-year basis. equities research analysts forecast that FNF Group of Fidelity National Financial will post 2.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.27 per share. 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. This represents a $1.08 annualized dividend and a dividend yield of 2.60%. FNF Group of Fidelity National Financial’s dividend payout ratio (DPR) is -1,885.71%.

Several large investors have recently bought and sold shares of FNF. PointState Capital LP acquired a new position in shares of FNF Group of Fidelity National Financial in the second quarter worth about $33,981,000. PGGM Investments acquired a new position in shares of FNF Group of Fidelity National Financial in the third quarter worth about $24,678,000. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 413,840 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of 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 buying an additional 375,435 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of FNF Group of Fidelity National Financial by 88.4% in the second quarter. Renaissance Technologies LLC now owns 641,100 shares of the financial services provider’s stock worth $28,741,000 after buying an additional 300,785 shares during the period. Institutional investors own 81.27% of the company’s stock.

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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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