LSV Asset Management decreased its holdings in shares of Fidelity and Guaranty Life (NYSE:FGL) by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186,600 shares of the financial services provider’s stock after selling 4,000 shares during the quarter. LSV Asset Management owned about 0.32% of Fidelity and Guaranty Life worth $5,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. American International Group Inc. raised its holdings in Fidelity and Guaranty Life by 7.1% during the 1st quarter. American International Group Inc. now owns 7,331 shares of the financial services provider’s stock valued at $204,000 after acquiring an additional 484 shares during the period. Virtu Financial LLC bought a new stake in Fidelity and Guaranty Life during the 2nd quarter valued at $390,000. Karp Capital Management Corp bought a new stake in Fidelity and Guaranty Life during the 1st quarter valued at $446,000. Gamco Investors INC. ET AL bought a new stake in Fidelity and Guaranty Life during the 2nd quarter valued at $621,000. Finally, Menta Capital LLC bought a new stake in Fidelity and Guaranty Life during the 1st quarter valued at $594,000. 23.52% of the stock is currently owned by institutional investors and hedge funds.

FGL has been the topic of a number of analyst reports. Sandler O’Neill cut shares of Fidelity and Guaranty Life from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. BidaskClub raised shares of Fidelity and Guaranty Life from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 5th. Finally, ValuEngine raised shares of Fidelity and Guaranty Life from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $26.60.

Fidelity and Guaranty Life (FGL) opened at 31.20 on Friday. The stock has a 50 day moving average of $31.17 and a 200 day moving average of $29.61. The company has a market cap of $1.82 billion, a PE ratio of 9.48 and a beta of 0.90. Fidelity and Guaranty Life has a 12-month low of $21.10 and a 12-month high of $31.38.

Fidelity and Guaranty Life (NYSE:FGL) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.63 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.63. Fidelity and Guaranty Life had a net margin of 13.61% and a return on equity of 8.00%. The company had revenue of $380.00 million for the quarter, compared to analysts’ expectations of $308.00 million. During the same quarter in the previous year, the company earned $0.82 EPS. Fidelity and Guaranty Life’s revenue for the quarter was up 45.6% on a year-over-year basis. Equities analysts expect that Fidelity and Guaranty Life will post $2.65 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Monday, August 14th were paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Thursday, August 10th. Fidelity and Guaranty Life’s dividend payout ratio (DPR) is 7.90%.

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Fidelity and Guaranty Life Profile

Fidelity & Guaranty Life (FGL) is a holding company focused on obtaining controlling equity stakes in companies that operate across various industries. FGL’s primary business is the sale of individual life insurance products and annuities through independent agents, managing general agents, and specialty brokerage firms and in selected institutional markets.

Institutional Ownership by Quarter for Fidelity and Guaranty Life (NYSE:FGL)

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