FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm presently has a $42.00 price objective on the stock. Zacks Investment Research’s target price suggests a potential upside of 12.30% from the stock’s current price.

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 equities analysts also recently commented on FNF. Piper Jaffray Cos. increased their price objective on shares of FNF Group of Fidelity National Financial from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, July 5th. Keefe, Bruyette & Woods downgraded shares of FNF Group of Fidelity National Financial from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $38.00 to $39.00 in a research note on Monday, July 18th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $48.00 price target on shares of FNF Group of Fidelity National Financial in a research note on Monday, July 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $42.33.

Shares of FNF Group of Fidelity National Financial (NYSE:FNF) opened at 37.40 on Wednesday. The company has a market capitalization of $10.20 billion, a PE ratio of 19.07 and a beta of 0.82. FNF Group of Fidelity National Financial has a 52-week low of $28.24 and a 52-week high of $38.50. The company has a 50-day moving average of $37.20 and a 200 day moving average of $35.10.

FNF Group of Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.08. The business earned $2.10 billion during the quarter, compared to the consensus estimate of $2.08 billion. FNF Group of Fidelity National Financial had a net margin of 6.69% and a return on equity of 9.47%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 EPS. Analysts predict that FNF Group of Fidelity National Financial will post $2.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.25%. FNF Group of Fidelity National Financial’s dividend payout ratio (DPR) is presently 42.64%.

In related news, Director Daniel D. Lane sold 13,380 shares of FNF Group of Fidelity National Financial stock in a transaction on Monday, August 15th. The shares were sold at an average price of $36.90, for a total transaction of $493,722.00. Following the completion of the transaction, the director now owns 257,176 shares of the company’s stock, valued at $9,489,794.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Raymond R. Quirk sold 161,199 shares of FNF Group of Fidelity National Financial stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $35.06, for a total transaction of $5,651,636.94. Following the transaction, the chief executive officer now directly owns 502,678 shares of the company’s stock, valued at approximately $17,623,890.68. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. Global X Management Co. LLC increased its position in shares of FNF Group of Fidelity National Financial by 79.2% in the second quarter. Global X Management Co. LLC now owns 3,419 shares of the company’s stock worth $128,000 after buying an additional 1,511 shares in the last quarter. Mizuho Asset Management Co. Ltd. increased its stake in FNF Group of Fidelity National Financial by 156.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,512 shares of the company’s stock valued at $132,000 after buying an additional 2,141 shares during the period. FNY Managed Accounts LLC increased its stake in FNF Group of Fidelity National Financial by 258.3% in the second quarter. FNY Managed Accounts LLC now owns 4,300 shares of the company’s stock valued at $161,000 after buying an additional 3,100 shares during the period. BB&T Securities LLC bought a new stake in FNF Group of Fidelity National Financial during the second quarter valued at $200,000. Finally, Capstone Asset Management Co. bought a new stake in FNF Group of Fidelity National Financial during the second quarter valued at $204,000. 85.54% of the stock is owned by institutional investors and hedge funds.

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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