Fidelity National Financial, Inc. (FNF) Stock Rating Upgraded by Zacks Investment Research

Fidelity National Financial, Inc. (NYSE:FNF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The brokerage currently has a $54.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 12.38% 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. “

Other analysts have also recently issued research reports about the company. Piper Jaffray Companies reiterated a “buy” rating and set a $48.00 price objective on shares of Fidelity National Financial in a research report on Friday, July 14th. Barclays PLC increased their price objective on Fidelity National Financial from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Monday, July 3rd. Finally, Monness Crespi & Hardt increased their price objective on Fidelity National Financial from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, May 15th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Fidelity National Financial presently has a consensus rating of “Buy” and an average price target of $46.80.

Shares of Fidelity National Financial (NYSE:FNF) traded up 0.57% during mid-day trading on Friday, hitting $48.05. The stock had a trading volume of 541,249 shares. The stock’s 50-day moving average is $47.13 and its 200 day moving average is $42.05. Fidelity National Financial has a 12 month low of $31.64 and a 12 month high of $49.37. The firm has a market cap of $13.11 billion, a PE ratio of 20.96 and a beta of 0.95.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Fidelity National Financial had a return on equity of 10.41% and a net margin of 7.49%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 EPS. Equities research analysts predict that Fidelity National Financial will post $2.55 earnings per share for the current fiscal year.

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In other Fidelity National Financial news, EVP Peter T. Sadowski sold 133,215 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $47.53, for a total value of $6,331,708.95. Following the completion of the sale, the executive vice president now owns 89,575 shares in the company, valued at approximately $4,257,499.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Brent B. Bickett sold 58,896 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $44.77, for a total value of $2,636,773.92. Following the completion of the sale, the insider now owns 562,658 shares of the company’s stock, valued at approximately $25,190,198.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 272,859 shares of company stock valued at $12,482,636. Company insiders own 5.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lincoln National Corp boosted its position in Fidelity National Financial by 0.6% in the first quarter. Lincoln National Corp now owns 6,951 shares of the financial services provider’s stock worth $271,000 after buying an additional 39 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in Fidelity National Financial by 0.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 7,143 shares of the financial services provider’s stock worth $320,000 after buying an additional 53 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in Fidelity National Financial by 0.4% in the first quarter. First Citizens Bank & Trust Co. now owns 13,894 shares of the financial services provider’s stock worth $541,000 after buying an additional 55 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Fidelity National Financial by 0.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,051 shares of the financial services provider’s stock worth $271,000 after buying an additional 56 shares during the last quarter. Finally, TNB Financial boosted its position in Fidelity National Financial by 1.0% in the second quarter. TNB Financial now owns 5,608 shares of the financial services provider’s stock worth $251,000 after buying an additional 58 shares during the last quarter. Institutional investors own 86.92% of the company’s stock.

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.