Fidelity & Guaranty Life (FGL) Trading 3.6% Higher
Fidelity & Guaranty Life (NYSE:FGL)’s share price traded up 3.6% during trading on Tuesday . The stock traded as high as $24.20 and last traded at $24.05, with a volume of 687,879 shares changing hands. The stock had previously closed at $23.21.
Separately, JPMorgan Chase & Co. reissued a “hold” rating and set a $26.00 target price on shares of Fidelity & Guaranty Life in a research note on Wednesday, July 6th. Five analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $25.50.
The firm’s 50-day moving average is $22.70 and its 200-day moving average is $24.36. The firm has a market capitalization of $1.40 billion and a P/E ratio of 14.50.
Fidelity & Guaranty Life (NYSE:FGL) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.26. The business had revenue of $261 million for the quarter, compared to analyst estimates of $254.50 million. The firm’s quarterly revenue was down 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 EPS. Equities research analysts expect that Fidelity & Guaranty Life will post $2.69 earnings per share for the current year.
The firm also recently declared 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 1.09%.
An institutional investor recently raised its position in Fidelity & Guaranty Life stock. Dimensional Fund Advisors LP raised its position in 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 institutional investor owned 113,560 shares of the company’s stock after buying an additional 39,670 shares during the period. Dimensional Fund Advisors LP owned about 0.19% of Fidelity & Guaranty Life worth $2,881,000 at the end of the most recent reporting period.
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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