Rhumbline Advisers trimmed its stake in Fidelity and Guaranty Life (NYSE:FGL) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,402 shares of the financial services provider’s stock after selling 225 shares during the quarter. Rhumbline Advisers’ holdings in Fidelity and Guaranty Life were worth $416,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. American International Group Inc. grew its holdings in 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 purchasing an additional 484 shares during the period. Virtu Financial LLC acquired a new stake in Fidelity and Guaranty Life in the second quarter worth $390,000. Karp Capital Management Corp acquired a new stake in Fidelity and Guaranty Life in the first quarter worth $446,000. Menta Capital LLC acquired a new stake in Fidelity and Guaranty Life in the first quarter worth $594,000. Finally, Aperio Group LLC grew its holdings in Fidelity and Guaranty Life by 41.5% in the second quarter. Aperio Group LLC now owns 22,693 shares of the financial services provider’s stock worth $705,000 after purchasing an additional 6,652 shares during the period. Institutional investors and hedge funds own 23.44% of the company’s stock.

Fidelity and Guaranty Life (NYSE FGL) opened at 31.15 on Friday. The stock’s 50 day moving average is $31.14 and its 200-day moving average is $30.07. Fidelity and Guaranty Life has a one year low of $21.10 and a one year high of $31.38. The firm has a market capitalization of $1.82 billion, a PE ratio of 9.47 and a beta of 0.89.

Fidelity and Guaranty Life (NYSE:FGL) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. The company had revenue of $380.00 million during the quarter, compared to analyst estimates of $308.00 million. Fidelity and Guaranty Life had a net margin of 13.61% and a return on equity of 8.00%. Fidelity and Guaranty Life’s quarterly revenue was up 45.6% compared to the same quarter last year. During the same period last year, the business earned $0.82 EPS. On average, analysts anticipate that Fidelity and Guaranty Life will post $2.65 EPS for the current fiscal year.

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FGL has been the subject of a number of research reports. ValuEngine cut shares of Fidelity and Guaranty Life from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub upgraded shares of Fidelity and Guaranty Life from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 5th.

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)

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