Fidelity & Guaranty Life (FGL) Sees Strong Trading Volume
Fidelity & Guaranty Life (NYSE:FGL) shares saw strong trading volume on Monday . 264,200 shares were traded during trading, an increase of 79% from the previous session’s volume of 147,928 shares.The stock last traded at $23.05 and had previously closed at $23.86.
Separately, JPMorgan Chase & Co. reissued a “hold” rating and set a $26.00 price objective on shares of Fidelity & Guaranty Life in a report on Wednesday, July 6th. Five investment analysts have rated the stock with a hold rating, Fidelity & Guaranty Life currently has a consensus rating of “Hold” and a consensus price target of $25.50.
The stock’s 50 day moving average price is $22.88 and its 200-day moving average price is $24.29. The firm has a market cap of $1.35 billion and a PE ratio of 13.97.
Fidelity & Guaranty Life (NYSE:FGL) last posted its earnings results on Tuesday, August 2nd. The company reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.26. The business had revenue of $261 million for the quarter, compared to the consensus estimate of $254.50 million. The business’s revenue was down 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. On average, equities research analysts forecast that Fidelity & Guaranty Life will post $2.69 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $0.26 annualized dividend and a yield of 1.13%.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.