California Public Employees Retirement System decreased its position in Fidelity & Guaranty Life (NYSE:FGL) by 1.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 176,200 shares of the company’s stock after selling 1,700 shares during the period. California Public Employees Retirement System owned about 0.30% of Fidelity & Guaranty Life worth $4,086,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. American International Group Inc. raised its position in Fidelity & Guaranty Life by 4.0% in the second quarter. American International Group Inc. now owns 6,856 shares of the company’s stock valued at $159,000 after buying an additional 264 shares in the last quarter. California State Teachers Retirement System raised its position in Fidelity & Guaranty Life by 4.9% in the second quarter. California State Teachers Retirement System now owns 24,974 shares of the company’s stock valued at $579,000 after buying an additional 1,177 shares in the last quarter. Teachers Advisors Inc. raised its position in Fidelity & Guaranty Life by 8.1% in the second quarter. Teachers Advisors Inc. now owns 18,626 shares of the company’s stock valued at $432,000 after buying an additional 1,396 shares in the last quarter. BlackRock Group LTD raised its position in Fidelity & Guaranty Life by 5.4% in the first quarter. BlackRock Group LTD now owns 45,012 shares of the company’s stock valued at $1,182,000 after buying an additional 2,311 shares in the last quarter. Finally, Allianz Asset Management AG raised its position in Fidelity & Guaranty Life by 0.4% in the second quarter. Allianz Asset Management AG now owns 1,085,891 shares of the company’s stock valued at $25,170,000 after buying an additional 4,676 shares in the last quarter. 22.70% of the stock is owned by institutional investors and hedge funds.

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

Shares of Fidelity & Guaranty Life (NYSE:FGL) traded down 0.21% during mid-day trading on Tuesday, hitting $23.60. The stock had a trading volume of 111,424 shares. Fidelity & Guaranty Life has a 1-year low of $21.10 and a 1-year high of $26.55. The company has a market cap of $1.39 billion, a P/E ratio of 14.22 and a beta of 0.81. The firm’s 50 day moving average price is $22.97 and its 200 day moving average price is $23.11.

Fidelity & Guaranty Life (NYSE:FGL) last issued its quarterly earnings results on Wednesday, November 16th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.60 by $0.09. Fidelity & Guaranty Life had a net margin of 8.52% and a return on equity of 10.36%. The firm had revenue of $316 million for the quarter, compared to analysts’ expectations of $267.80 million. During the same period in the previous year, the business earned $0.72 earnings per share. Fidelity & Guaranty Life’s revenue for the quarter was up 110.7% compared to the same quarter last year. Analysts predict that Fidelity & Guaranty Life will post $2.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 28th will be paid a $0.065 dividend. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.26 dividend on an annualized basis and a yield of 1.10%. Fidelity & Guaranty Life’s dividend payout ratio is currently 15.66%.

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Separately, JPMorgan Chase & Co. reiterated a “hold” rating and set a $26.00 target price on shares of Fidelity & Guaranty Life in a report on Thursday, November 17th.

Fidelity & Guaranty Life Company Profile

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.

5 Day Chart for NYSE:FGL

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