Parametric Portfolio Associates LLC lowered its position in Fidelity and Guaranty Life (NYSE:FGL) by 14.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,496 shares of the financial services provider’s stock after selling 6,401 shares during the period. Parametric Portfolio Associates LLC owned 0.07% of Fidelity and Guaranty Life worth $1,195,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FGL. Schroder Investment Management Group bought a new position in shares of Fidelity and Guaranty Life in the 2nd quarter worth approximately $171,000. American International Group Inc. raised its position in shares of Fidelity and Guaranty Life by 7.1% in 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 in the last quarter. Nationwide Fund Advisors raised its position in shares of Fidelity and Guaranty Life by 11.0% in the 2nd quarter. Nationwide Fund Advisors now owns 6,602 shares of the financial services provider’s stock worth $205,000 after acquiring an additional 656 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in shares of Fidelity and Guaranty Life in the 2nd quarter worth approximately $621,000. Finally, Aperio Group LLC raised its position in shares of Fidelity and Guaranty Life by 41.5% in 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 in the last quarter. 23.44% of the stock is owned by hedge funds and other institutional investors.

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Shares of Fidelity and Guaranty Life (FGL) opened at $31.20 on Thursday. 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 firm has a market capitalization of $1,822.84, a P/E ratio of 11.82 and a beta of 0.88. Fidelity and Guaranty Life has a 52 week low of $22.85 and a 52 week high of $31.38.

Fidelity and Guaranty Life (NYSE:FGL) last posted its quarterly earnings results on Wednesday, November 15th. The financial services provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.43. The company had revenue of $435.00 million for the quarter, compared to the consensus estimate of $319.00 million. Fidelity and Guaranty Life had a return on equity of 8.00% and a net margin of 13.61%. The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 EPS. analysts forecast that Fidelity and Guaranty Life will post 2.59 earnings per share for the current fiscal year.

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

Several research firms recently weighed in on FGL. ValuEngine downgraded Fidelity and Guaranty Life from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub downgraded Fidelity and Guaranty Life from a “buy” rating to a “hold” rating in a research note on Monday, July 24th.

Fidelity and Guaranty Life 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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