Zacks Investment Research cut shares of Fidelity National Financial, Inc. (NYSE:FNF) 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. “

Several other equities analysts also recently weighed in on FNF. Barclays PLC lifted their target price 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. ValuEngine upgraded shares of Fidelity National Financial from a hold rating to a buy rating in a research report on Friday, September 1st. Finally, Piper Jaffray Companies restated a buy rating and issued a $48.00 price objective on shares of Fidelity National Financial in a research report on Friday, July 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Fidelity National Financial presently has an average rating of Buy and a consensus target price of $46.60.

Shares of Fidelity National Financial (NYSE:FNF) remained flat at $47.39 during mid-day trading on Tuesday. The company had a trading volume of 210,383 shares. The company has a market cap of $12.93 billion, a PE ratio of 20.67 and a beta of 0.96. The company’s 50 day moving average is $47.70 and its 200-day moving average is $43.24. Fidelity National Financial has a 12 month low of $31.64 and a 12 month high of $49.37.

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

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.11%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 43.67%.

In other news, Director Janet Kerr sold 786 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $48.41, for a total value of $38,050.26. Following the completion of the transaction, the director now directly owns 11,817 shares in the company, valued at $572,060.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 completion of the transaction, the insider now owns 562,658 shares of the company’s stock, valued at $25,190,198.66. The disclosure for this sale can be found here. Insiders sold 272,897 shares of company stock valued at $12,863,333 over the last 90 days. 5.00% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. lifted its position in Fidelity National Financial by 0.7% during the second quarter. Chevy Chase Trust Holdings Inc. now owns 7,143 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 53 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Fidelity National Financial by 0.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,051 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 56 shares during the last quarter. TNB Financial lifted its position in Fidelity National Financial by 1.0% during the second quarter. TNB Financial now owns 5,608 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 58 shares during the last quarter. Bessemer Group Inc. lifted its position in Fidelity National Financial by 0.3% during the second quarter. Bessemer Group Inc. now owns 23,419 shares of the financial services provider’s stock valued at $1,050,000 after purchasing an additional 67 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its position in Fidelity National Financial by 3.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,467 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 82.09% 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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