Fidelity & Guaranty Life (FGL) Stock Price Down 2.6%
Fidelity & Guaranty Life (NYSE:FGL) was down 2.6% during trading on Friday . The stock traded as low as $23.09 and last traded at $23.24, with a volume of 93,071 shares traded. The stock had previously closed at $23.86.
Separately, JPMorgan Chase & Co. reiterated a “hold” rating and issued a $26.00 price objective on shares of Fidelity & Guaranty Life in a report on Wednesday, July 6th. Five analysts have rated the stock with a hold rating, Fidelity & Guaranty Life presently has an average rating of “Hold” and an average target price 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 stock has a market capitalization of $1.35 billion and a price-to-earnings ratio of 13.97.
Fidelity & Guaranty Life (NYSE:FGL) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.26. The firm had revenue of $261 million for the quarter, compared to the consensus estimate of $254.50 million. Fidelity & Guaranty Life’s quarterly revenue was down 19.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 EPS. Analysts anticipate that Fidelity & Guaranty Life will post $2.69 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Thursday, August 18th.
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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