The Manufacturers Life Insurance Company lowered its stake in shares of Fidelity and Guaranty Life (NYSE:FGL) by 8.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,288 shares of the financial services provider’s stock after selling 891 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Fidelity and Guaranty Life were worth $320,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CNH Partners LLC boosted its stake in Fidelity and Guaranty Life by 26.2% during the second quarter. CNH Partners LLC now owns 471,189 shares of the financial services provider’s stock worth $14,630,000 after buying an additional 97,711 shares during the last quarter. State Street Corp boosted its stake in Fidelity and Guaranty Life by 6.8% during the second quarter. State Street Corp now owns 212,956 shares of the financial services provider’s stock worth $6,612,000 after buying an additional 13,635 shares during the last quarter. Royal Bank of Canada boosted its stake in Fidelity and Guaranty Life by 2,571.4% during the second quarter. Royal Bank of Canada now owns 144,791 shares of the financial services provider’s stock worth $4,496,000 after buying an additional 139,371 shares during the last quarter. QS Investors LLC boosted its stake in Fidelity and Guaranty Life by 8.7% during the second quarter. QS Investors LLC now owns 9,181 shares of the financial services provider’s stock worth $285,000 after buying an additional 738 shares during the last quarter. Finally, OxFORD Asset Management LLP acquired a new position in Fidelity and Guaranty Life during the second quarter worth $611,000. 20.55% of the stock is currently owned by institutional investors.

Separately, ValuEngine lowered Fidelity and Guaranty Life from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st.

Fidelity and Guaranty Life (NYSE FGL) remained flat at $$31.10 during midday trading on Friday. The firm has a market cap of $1,830.00, a price-to-earnings ratio of 10.26 and a beta of 0.88. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18. Fidelity and Guaranty Life has a fifty-two week low of $23.20 and a fifty-two week high of $31.70.

Fidelity and Guaranty Life (NYSE:FGL) last announced its quarterly earnings results on Wednesday, November 15th. The financial services provider reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.43. Fidelity and Guaranty Life had a return on equity of 8.83% and a net margin of 14.57%. The business had revenue of $435.00 million for the quarter, compared to analyst estimates of $319.00 million. During the same quarter in the prior year, the company posted $0.69 EPS. The company’s quarterly revenue was up 37.7% on a year-over-year basis. equities analysts anticipate that Fidelity and Guaranty Life will post 2.72 EPS for the current year.

The firm also recently declared 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. This represents a $0.26 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, November 24th. Fidelity and Guaranty Life’s dividend payout ratio (DPR) is presently 6.81%.

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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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