Wells Fargo & Company MN reduced its stake in shares of Fidelity and Guaranty Life (NYSE:FGL) by 85.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,594 shares of the financial services provider’s stock after selling 61,000 shares during the quarter. Wells Fargo & Company MN’s holdings in Fidelity and Guaranty Life were worth $329,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Schroder Investment Management Group acquired a new stake in shares of Fidelity and Guaranty Life during the 2nd quarter worth $171,000. Omni Partners LLP acquired a new stake in shares of Fidelity and Guaranty Life during the 2nd quarter worth $12,365,000. Kennedy Capital Management Inc. grew its holdings in shares of Fidelity and Guaranty Life by 41.0% during the 2nd quarter. Kennedy Capital Management Inc. now owns 170,231 shares of the financial services provider’s stock worth $5,286,000 after purchasing an additional 49,489 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Fidelity and Guaranty Life by 331.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 172,710 shares of the financial services provider’s stock worth $5,363,000 after purchasing an additional 132,710 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Fidelity and Guaranty Life by 5,004.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 821,707 shares of the financial services provider’s stock worth $25,514,000 after purchasing an additional 805,608 shares in the last quarter. 23.44% of the stock is currently owned by institutional investors.

Shares of Fidelity and Guaranty Life (NYSE FGL) opened at $31.25 on Friday. The stock has a market capitalization of $1,822.84, a price-to-earnings ratio of 11.82 and a beta of 0.88. Fidelity and Guaranty Life has a 1-year low of $23.20 and a 1-year high of $31.70. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.19.

Fidelity and Guaranty Life (NYSE:FGL) last released its quarterly earnings data on Wednesday, November 15th. The financial services provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.43. The business had revenue of $435.00 million for the quarter, compared to analyst estimates of $319.00 million. Fidelity and Guaranty Life had a return on equity of 8.00% and a net margin of 13.61%. Fidelity and Guaranty Life’s revenue was up 37.7% compared to the same quarter last year. During the same period last year, the firm posted $0.69 earnings per share. research analysts anticipate that Fidelity and Guaranty Life will post 2.59 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be paid a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, November 24th. Fidelity and Guaranty Life’s dividend payout ratio (DPR) is presently 7.90%.

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Several analysts have recently issued reports on FGL shares. ValuEngine lowered Fidelity and Guaranty Life from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub lowered Fidelity and Guaranty Life from a “buy” rating to a “hold” rating in a report on Monday, July 24th.

About Fidelity and Guaranty Life

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.

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

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