Fidelity and Guaranty Life (FGL) Earns Daily Media Impact Rating of 0.31

Paterniano Del Favero
Agosto 13, 2017

Press coverage about Fidelity and Guaranty Life (NYSE:FGL) has trended positive on Friday, according to Accern Sentiment Analysis.

Large investors have recently added to or reduced their stakes in the company. The California-based Coastland Capital Llc has invested 0.44% in the stock. American International Group Inc. increased its stake in shares of Fidelity and Guaranty Life by 7.1% in the first quarter. American International Group Inc. now owns 7,331 shares of the financial services provider's stock worth $204,000 after buying an additional 484 shares during the period. Omni Partners LLP purchased a new stake in Fidelity and Guaranty Life during the second quarter worth approximately $12,365,000. Alliancebernstein L.P. now owns 27,300 shares of the financial services provider's stock worth $759,000 after buying an additional 1,200 shares during the period. Finally, Menta Capital LLC bought a new stake in shares of Fidelity and Guaranty Life during the first quarter valued at about $594,000. Nationwide Fund Advisors boosted its position in Fidelity and Guaranty Life by 11.0% in the second quarter.

Fidelity and Guaranty Life (FGL) remained flat at $31.15 during trading on Friday.

About 6,693 shares traded. The stock has a market capitalization of $1.82 billion, a PE ratio of 9.47 and a beta of 0.90.

It is trading at $31.15 which is slightly above $31.12, the stock's 50 day moving average and which is significantly above the 200 day moving average of $28.60. The value of the company's investment in Fidelity & Guaranty Life went from $17,699,000 to $23,750,000 a change of $6,051,000 since the last quarter. Fidelity and Guaranty Life's revenue was up 45.6% compared to the same quarter past year. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.63. The firm had revenue of $380 million during the quarter, compared to analysts' expectations of $308 million. FGL markets products through its insurance subsidiaries, Fidelity & Guaranty Life Insurance Company (FGL Insurance) and Fidelity & Guaranty Life Insurance Company of New York (FGL NY Insurance). The business's quarterly revenue was up 45.6% compared to the same quarter past year. During the same period in the prior year, the business posted $0.82 EPS. Analysts expect next quarter's EPS will be $0.68 with next year's EPS projected to be $2.81.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. This represents a $0.26 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Thursday, August 10th. Fidelity and Guaranty Life's dividend payout ratio (DPR) is presently 7.90%.

WARNING: "Fidelity and Guaranty Life (FGL) Downgraded by BidaskClub" was first published by BNB Daily and is owned by of BNB Daily. If you are viewing this story on another site, it was stolen and reposted in violation of U.S. and worldwide copyright & trademark law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/12/adams-diversified-equity-fund-inc-has-1-19-million-stake-in-fidelity-and-guaranty-life-nysefgl-updated-updated.html.

Several equities research analysts have recently issued reports on FGL shares. Zacks Investment Research cut shares of Fidelity and Guaranty Life from a buy rating to a hold rating in a research note on Tuesday, April 11th. Fidelity and Guaranty Life now has a consensus rating of Hold and an average price target of $26.60. Finally, ValuEngine raised Fidelity and Guaranty Life from a "buy" rating to a "strong-buy" rating in a report on Tuesday, July 25th.

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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