Renaissance Technologies LLC boosted its position in Fidelity and Guaranty Life (NYSE:FGL) by 67.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 636,657 shares of the financial services provider’s stock after buying an additional 257,157 shares during the period. Renaissance Technologies LLC owned approximately 1.09% of Fidelity and Guaranty Life worth $17,699,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. LSV Asset Management increased its position in Fidelity and Guaranty Life by 568.8% in the first quarter. LSV Asset Management now owns 190,600 shares of the financial services provider’s stock worth $5,298,000 after buying an additional 162,100 shares during the period. Neuberger Berman Group LLC purchased a new position in Fidelity and Guaranty Life during the first quarter worth about $4,076,000. Norges Bank bought a new position in shares of Fidelity and Guaranty Life during the fourth quarter valued at $1,860,000. Spark Investment Management LLC increased its position in shares of Fidelity and Guaranty Life by 96.3% in the first quarter. Spark Investment Management LLC now owns 117,410 shares of the financial services provider’s stock valued at $3,263,000 after buying an additional 57,610 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Fidelity and Guaranty Life by 365.0% in the first quarter. Wells Fargo & Company MN now owns 71,594 shares of the financial services provider’s stock valued at $1,991,000 after buying an additional 56,197 shares during the last quarter. Institutional investors and hedge funds own 23.38% of the company’s stock.

Fidelity and Guaranty Life (NYSE:FGL) traded down 0.16% during midday trading on Friday, hitting $31.15. The company had a trading volume of 64,751 shares. The stock has a market capitalization of $1.84 billion, a PE ratio of 9.47 and a beta of 0.90. The stock has a 50 day moving average price of $31.12 and a 200-day moving average price of $28.34. Fidelity and Guaranty Life has a 52 week low of $21.10 and a 52 week high of $31.30.

Fidelity and Guaranty Life (NYSE:FGL) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.63 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.63. Fidelity and Guaranty Life had a net margin of 13.61% and a return on equity of 8.42%. The firm had revenue of $380 million during the quarter, compared to analysts’ expectations of $308 million. During the same period in the prior year, the company earned $0.82 EPS. The firm’s revenue was up 45.6% on a year-over-year basis. On average, equities analysts predict that Fidelity and Guaranty Life will post $2.65 EPS for the current year.

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

COPYRIGHT VIOLATION WARNING: This news story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/08/04/renaissance-technologies-llc-raises-stake-in-fidelity-and-guaranty-life-nysefgl-updated-updated-updated.html.

Several equities analysts have recently weighed in on FGL shares. Sandler O’Neill downgraded Fidelity and Guaranty Life from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. BidaskClub downgraded Fidelity and Guaranty Life from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. ValuEngine upgraded Fidelity and Guaranty Life from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research cut Fidelity and Guaranty Life from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $26.60.

Fidelity and Guaranty Life Company 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)

Receive News & Stock Ratings for Fidelity and Guaranty Life Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity and Guaranty Life and related stocks with our FREE daily email newsletter.