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

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 brokerages have also recently weighed in on FNF. ValuEngine upgraded Fidelity National Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Piper Jaffray Companies reiterated a “buy” rating and issued a $48.00 target price on shares of Fidelity National Financial in a report on Friday, July 14th. Barclays PLC upped their target price on Fidelity National Financial from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Monday, July 3rd. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $41.00 target price on shares of Fidelity National Financial in a report on Friday. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.67.

Shares of Fidelity National Financial (NYSE:FNF) traded down 0.67% during trading on Monday, hitting $35.46. The company had a trading volume of 1,799,678 shares. The company has a market capitalization of $9.67 billion, a P/E ratio of 15.46 and a beta of 0.91. The stock’s 50-day moving average price is $34.40 and its 200 day moving average price is $32.42. Fidelity National Financial has a 52 week low of $31.64 and a 52 week high of $49.37.

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In other Fidelity National Financial news, insider Brent B. Bickett sold 80,000 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $48.21, for a total transaction of $3,856,800.00. Following the sale, the insider now owns 584,367 shares in the company, valued at approximately $28,172,333.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Peter T. Sadowski sold 133,215 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $47.53, for a total value of $6,331,708.95. Following the sale, the executive vice president now owns 89,575 shares in the company, valued at approximately $4,257,499.75. The disclosure for this sale can be found here. Insiders have sold a total of 214,001 shares of company stock worth $10,226,559 over the last ninety days. 5.00% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Stephens Inc. AR grew its stake in Fidelity National Financial by 25.7% during the 2nd quarter. Stephens Inc. AR now owns 17,912 shares of the financial services provider’s stock valued at $803,000 after purchasing an additional 3,661 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Fidelity National Financial by 38.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 844,881 shares of the financial services provider’s stock valued at $32,899,000 after purchasing an additional 236,376 shares during the last quarter. Bank of America Corp DE grew its stake in Fidelity National Financial by 2.9% during the 1st 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 purchasing an additional 30,086 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Fidelity National Financial by 94.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 104,336 shares of the financial services provider’s stock valued at $4,677,000 after purchasing an additional 50,633 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Fidelity National Financial by 4.1% during the 2nd quarter. Wells Fargo & Company MN now owns 4,217,229 shares of the financial services provider’s stock valued at $189,058,000 after purchasing an additional 166,745 shares during the last quarter. Institutional investors and hedge funds own 82.13% 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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Analyst Recommendations for Fidelity National Financial (NYSE:FNF)

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