Fidelity National Financial, Inc. (NYSE:FNF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

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 research firms have also issued reports on FNF. Piper Jaffray Companies reissued a “buy” rating and issued a $48.00 price target on shares of Fidelity National Financial in a research report on Friday, July 14th. Barclays PLC increased their price target on shares of Fidelity National Financial from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Monday, July 3rd. Finally, Monness Crespi & Hardt increased their price target on shares of Fidelity National Financial from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Fidelity National Financial presently has a consensus rating of “Buy” and an average target price of $46.80.

Fidelity National Financial (NYSE:FNF) traded up 0.04% during mid-day trading on Tuesday, hitting $47.46. 633,083 shares of the stock traded hands. Fidelity National Financial has a 12-month low of $31.64 and a 12-month high of $49.37. The firm’s 50-day moving average is $47.13 and its 200-day moving average is $42.05. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 20.70 and a beta of 0.95.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $2.14 billion. Fidelity National Financial had a net margin of 7.49% and a return on equity of 10.41%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 earnings per share. Equities research analysts expect that Fidelity National Financial will post $2.55 EPS for the current year.

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In related news, EVP Peter T. Sadowski sold 133,215 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $47.53, for a total transaction of $6,331,708.95. Following the transaction, the executive vice president now owns 89,575 shares of the company’s stock, valued at $4,257,499.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brent B. Bickett sold 58,896 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $44.77, for a total transaction of $2,636,773.92. Following the transaction, the insider now directly owns 562,658 shares in the company, valued at approximately $25,190,198.66. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 272,859 shares of company stock worth $12,482,636. Insiders own 5.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of FNF. Bank of Montreal Can raised its position in shares of Fidelity National Financial by 6.0% in the first quarter. Bank of Montreal Can now owns 113,852 shares of the financial services provider’s stock valued at $4,433,000 after buying an additional 6,492 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Fidelity National Financial by 38.8% in the first quarter. Goldman Sachs Group Inc. now owns 844,881 shares of the financial services provider’s stock valued at $32,899,000 after buying an additional 236,376 shares during the last quarter. Bank of America Corp DE raised its position in shares of Fidelity National Financial by 2.9% in the first quarter. Bank of America Corp DE now owns 1,066,963 shares of the financial services provider’s stock valued at $41,548,000 after buying an additional 30,086 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Fidelity National Financial by 4.9% in the first quarter. BNP Paribas Arbitrage SA now owns 53,703 shares of the financial services provider’s stock valued at $2,091,000 after buying an additional 2,496 shares during the last quarter. Finally, Skba Capital Management LLC raised its position in shares of Fidelity National Financial by 85.4% in the first quarter. Skba Capital Management LLC now owns 399,550 shares of the financial services provider’s stock valued at $15,558,000 after buying an additional 184,000 shares during the last quarter. 84.88% of the stock is currently owned by hedge funds and other institutional investors.

About 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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