Fidelity & Guaranty Life (FGL) Trading 3.6% Higher
Shares of Fidelity & Guaranty Life (NYSE:FGL) traded up 3.6% on Tuesday . The stock traded as high as $24.20 and last traded at $24.05, with a volume of 687,879 shares trading hands. The stock had previously closed at $23.21.
Separately, 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 equities research analysts have rated the stock with a hold rating, Fidelity & Guaranty Life currently has an average rating of “Hold” and a consensus price target of $25.50.
The stock has a market cap of $1.41 billion and a price-to-earnings ratio of 14.64. The firm’s 50 day moving average is $22.63 and its 200 day moving average is $24.37.
Fidelity & Guaranty Life (NYSE:FGL) last announced its earnings results on Tuesday, August 2nd. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.26. The firm earned $261 million during the quarter, compared to analysts’ expectations of $254.50 million. Fidelity & Guaranty Life’s revenue for the quarter was down 19.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 earnings per share. On average, analysts expect that Fidelity & Guaranty Life will post $2.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $0.26 dividend on an annualized basis and a yield of 1.08%.
An institutional investor recently raised its position in Fidelity & Guaranty Life stock. Dimensional Fund Advisors LP increased its position in shares of Fidelity & Guaranty Life (NYSE:FGL) by 53.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,560 shares of the company’s stock after buying an additional 39,670 shares during the period. Dimensional Fund Advisors LP owned approximately 0.19% of Fidelity & Guaranty Life worth $2,881,000 at the end of the most recent 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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