Fidelity & Guaranty Life (FGL) Hits New 1-Year Low at $21.42
Fidelity & Guaranty Life (NYSE:FGL)’s share price hit a new 52-week low on Thursday . The company traded as low as $21.42 and last traded at $21.70, with a volume of 215,331 shares traded. The stock had previously closed at $22.40.
Separately, JPMorgan Chase & Co. restated a “hold” rating and set 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, The stock has an average rating of “Hold” and a consensus target price of $25.50.
The company has a 50-day moving average price of $22.70 and a 200-day moving average price of $24.69. The company has a market capitalization of $1.28 billion and a PE ratio of 7.41.
Fidelity & Guaranty Life (NYSE:FGL) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.17. The business had revenue of $233 million for the quarter, compared to the consensus estimate of $268.60 million. Fidelity & Guaranty Life’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 earnings per share. Equities analysts predict that Fidelity & Guaranty Life will post $2.34 EPS for the current year.
Other institutional investors have bought and sold shares of the company. I.G. Investment Management LTD. boosted its position in 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 worth $1,178,000 after buying an additional 120 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Fidelity & Guaranty Life by 53.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 113,560 shares of the company’s stock worth $2,881,000 after buying an additional 39,670 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Fidelity & Guaranty Life during the fourth quarter worth about $2,773,000. Finally, Morgan Stanley boosted its position in Fidelity & Guaranty Life by 3,029.5% in the fourth quarter. Morgan Stanley now owns 720,903 shares of the company’s stock worth $18,290,000 after buying an additional 697,867 shares during the last quarter.
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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