Fidelity & Guaranty Life (FGL) Hits New 1-Year Low at $22.16
Fidelity & Guaranty Life (NYSE:FGL)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $22.16 and last traded at $22.25, with a volume of 64,320 shares changing hands. The stock had previously closed at $22.29.
A number of equities analysts have recently commented on the stock. Sandler O’Neill cut shares of Fidelity & Guaranty Life from a “buy” rating to a “hold” rating and cut their target price for the company from $26.00 to $25.00 in a report on Monday, March 28th. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $26.00 target price on shares of Fidelity & Guaranty Life in a report on Wednesday, July 6th. Five research analysts have rated the stock with a hold rating, Fidelity & Guaranty Life has a consensus rating of “Hold” and an average target price of $27.00.
The stock has a market cap of $1.30 billion and a P/E ratio of 7.50. The stock’s 50-day moving average is $22.79 and its 200 day moving average is $24.80.
Fidelity & Guaranty Life (NYSE:FGL) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.17. During the same quarter last year, the business earned $0.40 earnings per share. The firm had revenue of $233 million for the quarter, compared to the consensus estimate of $268.60 million. The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. Equities analysts anticipate that Fidelity & Guaranty Life will post $2.39 earnings per share for the current fiscal year.
Other institutional investors have recently made changes to their positions in the company. I.G. Investment Management LTD. boosted its position in shares of Fidelity & Guaranty Life by 0.3% in the fourth quarter. I.G. Investment Management LTD. now owns 46,448 shares of the company’s stock valued at $1,178,000 after buying an additional 120 shares during the period. Stevens Capital Management LP purchased a new position in shares of Fidelity & Guaranty Life during the fourth quarter valued at about $1,459,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Fidelity & Guaranty Life during the fourth quarter valued at about $2,773,000. Dimensional Fund Advisors LP boosted its position in shares of Fidelity & Guaranty Life by 53.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 113,560 shares of the company’s stock valued at $2,881,000 after buying an additional 39,670 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of Fidelity & Guaranty Life during the fourth quarter valued at about $5,074,000.
Fidelity & Guaranty Life, formerly Harbinger F&G, LLC, is a holding company. The Company’s primary business is the sale of individual life insurance products and annuities through independent agents, managing general agents and brokerage firms in selected institutional markets. Its product types include fixed indexed annuities, fixed rate annuities, single premium immediate annuities (SPIAs) and life insurance, such as Universal Life and traditional life insurance products.
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