Dimensional Fund Advisors LP reduced its stake in Fidelity and Guaranty Life (NYSE:FGL) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,505 shares of the financial services provider’s stock after selling 1,100 shares during the period. Dimensional Fund Advisors LP owned 0.18% of Fidelity and Guaranty Life worth $2,988,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FGL. Norges Bank acquired a new position in Fidelity and Guaranty Life during the fourth quarter valued at $1,860,000. Teachers Advisors LLC increased its position in Fidelity and Guaranty Life by 14.3% in the fourth quarter. Teachers Advisors LLC now owns 40,827 shares of the financial services provider’s stock valued at $968,000 after buying an additional 5,118 shares during the last quarter. Wells Fargo & Company MN increased its position in Fidelity and Guaranty Life by 365.0% in the first quarter. Wells Fargo & Company MN now owns 71,594 shares of the financial services provider’s stock valued at $1,991,000 after buying an additional 56,197 shares during the last quarter. LSV Asset Management increased its position in Fidelity and Guaranty Life by 568.8% in the first quarter. LSV Asset Management now owns 190,600 shares of the financial services provider’s stock valued at $5,298,000 after buying an additional 162,100 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Fidelity and Guaranty Life by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 176,237 shares of the financial services provider’s stock valued at $4,900,000 after buying an additional 9,763 shares during the last quarter. Institutional investors and hedge funds own 23.52% of the company’s stock.

Shares of Fidelity and Guaranty Life (FGL) traded down 0.080% during mid-day trading on Thursday, hitting $31.225. 10,883 shares of the stock traded hands. The firm has a 50 day moving average of $31.15 and a 200 day moving average of $29.14. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 9.491 and a beta of 0.90. Fidelity and Guaranty Life has a 12 month low of $21.10 and a 12 month high of $31.30.

Fidelity and Guaranty Life (NYSE:FGL) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.63 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.63. Fidelity and Guaranty Life had a net margin of 13.61% and a return on equity of 8.00%. The firm had revenue of $380 million for the quarter, compared to analyst estimates of $308 million. During the same period last year, the firm posted $0.82 EPS. Fidelity and Guaranty Life’s quarterly revenue was up 45.6% on a year-over-year basis. On average, equities analysts expect that Fidelity and Guaranty Life will post $2.65 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Monday, August 14th were given a $0.065 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.26 dividend on an annualized basis and a yield of 0.83%. Fidelity and Guaranty Life’s dividend payout ratio (DPR) is 7.90%.

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Several research analysts have weighed in on FGL shares. Sandler O’Neill downgraded shares of Fidelity and Guaranty Life from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. BidaskClub upgraded shares of Fidelity and Guaranty Life from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 5th. Finally, ValuEngine upgraded shares of Fidelity and Guaranty Life from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $26.60.

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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