Fidelity & Guaranty Life (NYSE:FGL):
Fidelity & Guaranty Life To Report Fiscal Third Quarter 2017 Financial Results On August 2, 2017.
The company is unchanged from yesterday’s close of $31.15.
Additionally the company declared a dividend that was paid on Monday the 5th of June 2017. The dividend payment was $0.065 per share for the quarter or $0.26 annualized. This dividend represents a yield of $0.84. The ex-dividend date was set for Thursday the 18th of May 2017.
Fidelity & Guaranty Life (FGL), launched on August 3, 2010, 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. FGL’s principal products are deferred annuities (including fixed indexed annuity (FIA) contracts), immediate annuities and life insurance products. FGL markets products through its insurance subsidiaries, Fidelity & Guaranty Life Insurance Company (FGL Insurance) and Fidelity & Guaranty Life Insurance Company of New York (FGL NY Insurance). The Company distributes and services primarily fixed rate annuities, including FIAs. The Company provides FIA’s for pre-retirement wealth accumulation and post-retirement income management. Its life insurance provides wealth protection and transfer opportunities through indexed universal life products. Life and annuity products are primarily distributed through independent insurance marketing organizations (IMOs) and independent insurance agents..
The stock is trading at $31.15 which is marginally over the 50 day moving average which is $30.31 and a tad higher than the 200 day moving average of $27.14. The 50 day moving average was up $0.84 and the 200 day average was up $4.01.
The P/E ratio is 10.72 and the market cap is 1.82B. As of the last earnings report the EPS was $2.91 and is expected to be $2.65 for the current year with 58,422,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.68 and the next full year EPS is anticipated to be $2.81.
Ratings firms have provided guidance on the stock recently. On November 20, 2015 the stock rating was set at “Sector Perform” by RBC Capital down from the previous “Outperform” rating. On November 10 the company was changed to a “Neutral” in a report from Macquarie which was a cut from the previous “Outperform” rating.
On July 22 the company was upgraded to “Outperform” from “Neutral” and a price target of $30.00 was set by Macquarie. Macquarie raised the price target and upgraded the stock on July 22 boosting the price target from $24.00 to $30.00 and changing the rating from “Neutral” to “Outperform”.
On July 1 JP Morgan kept the stock rating at “Neutral” and moved up the price target to $21.00 from $25.00. On April 22, 2014 the stock rating was rated “Neutral” according to a Credit Suisse report a cut from the previous “Outperform” rating.