Nationwide Fund Advisors grew its holdings in shares of Fidelity and Guaranty Life (NYSE:FGL) by 11.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,602 shares of the financial services provider’s stock after acquiring an additional 656 shares during the period. Nationwide Fund Advisors’ holdings in Fidelity and Guaranty Life were worth $205,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Schroder Investment Management Group acquired a new stake in Fidelity and Guaranty Life during the 2nd quarter worth about $171,000. American International Group Inc. grew its holdings in Fidelity and Guaranty Life by 7.1% during the 1st quarter. American International Group Inc. now owns 7,331 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 484 shares during the period. Gamco Investors INC. ET AL acquired a new stake in Fidelity and Guaranty Life during the 2nd quarter worth about $621,000. Aperio Group LLC grew its holdings in Fidelity and Guaranty Life by 41.5% during the 2nd quarter. Aperio Group LLC now owns 22,693 shares of the financial services provider’s stock worth $705,000 after acquiring an additional 6,652 shares during the period. Finally, S. Muoio & CO. LLC acquired a new stake in Fidelity and Guaranty Life during the 2nd quarter worth about $776,000. Hedge funds and other institutional investors own 23.44% of the company’s stock.

Shares of Fidelity and Guaranty Life (NYSE:FGL) opened at $31.20 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.20 and a quick ratio of 0.20. The company has a market capitalization of $1,822.84, a PE ratio of 11.82 and a beta of 0.88. Fidelity and Guaranty Life has a 12 month low of $22.85 and a 12 month high of $31.38.

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

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FGL has been the subject of a number of recent analyst reports. BidaskClub downgraded Fidelity and Guaranty Life from a “buy” rating to a “hold” rating in a report on Monday, July 24th. ValuEngine upgraded Fidelity and Guaranty Life from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th.

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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