Fidelity National Financial, Inc. (NYSE:FNF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The firm presently has a $54.00 target price on the financial services provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 13.49% from the company’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. “

A number of other equities analysts have also recently commented on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.00 price objective on shares of Fidelity National Financial in a research note on Wednesday, April 19th. Monness Crespi & Hardt lifted their price objective on shares of Fidelity National Financial from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Piper Jaffray Companies reissued a “buy” rating and issued a $48.00 price objective on shares of Fidelity National Financial in a research note on Friday, July 14th. Finally, Barclays PLC lifted their price objective on shares of Fidelity National Financial from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Monday, July 3rd. One 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 target price of $46.80.

Shares of Fidelity National Financial (NYSE:FNF) traded down 1.73% on Thursday, reaching $47.58. 723,583 shares of the company traded hands. The firm has a market capitalization of $12.98 billion, a P/E ratio of 20.75 and a beta of 0.95. Fidelity National Financial has a 1-year low of $31.64 and a 1-year high of $49.37. The stock has a 50-day moving average price of $46.67 and a 200 day moving average price of $41.54.

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

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In other news, CFO Anthony Park sold 138,941 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $41.28, for a total value of $5,735,484.48. Following the completion of the sale, the chief financial officer now owns 228,280 shares in the company, valued at approximately $9,423,398.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter T. Sadowski sold 133,215 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $47.53, for a total transaction of $6,331,708.95. Following the completion of the sale, the executive vice president now owns 89,575 shares of the company’s stock, valued at approximately $4,257,499.75. The disclosure for this sale can be found here. Insiders sold a total of 411,800 shares of company stock valued at $18,218,120 in the last 90 days. Company insiders own 5.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. WINTON GROUP Ltd purchased a new stake in Fidelity National Financial during the second quarter valued at about $277,000. Raymond James Financial Services Advisors Inc. raised its stake in Fidelity National Financial by 45.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,619 shares of the financial services provider’s stock valued at $566,000 after buying an additional 3,915 shares during the period. The Manufacturers Life Insurance Company raised its stake in Fidelity National Financial by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 10,029 shares of the financial services provider’s stock valued at $450,000 after buying an additional 760 shares during the period. PointState Capital LP purchased a new stake in Fidelity National Financial during the second quarter valued at about $33,981,000. Finally, Janus Henderson Group PLC raised its stake in Fidelity National Financial by 265.3% in the second quarter. Janus Henderson Group PLC now owns 112,859 shares of the financial services provider’s stock valued at $5,059,000 after buying an additional 81,963 shares during the period. Hedge funds and other 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.

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