Metropolitan Life Insurance Co. NY held its position in Fidelity and Guaranty Life (NYSE:FGL) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,998 shares of the financial services provider’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in Fidelity and Guaranty Life were worth $222,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of FGL. American International Group Inc. increased its stake in shares of Fidelity and Guaranty Life by 7.1% in the first quarter. American International Group Inc. now owns 7,331 shares of the financial services provider’s stock valued at $204,000 after buying an additional 484 shares during the period. Karp Capital Management Corp acquired a new stake in shares of Fidelity and Guaranty Life during the first quarter valued at about $446,000. Menta Capital LLC acquired a new stake in shares of Fidelity and Guaranty Life during the first quarter valued at about $594,000. Alliancebernstein L.P. increased its stake in shares of Fidelity and Guaranty Life by 4.6% in the first quarter. Alliancebernstein L.P. now owns 27,300 shares of the financial services provider’s stock valued at $759,000 after buying an additional 1,200 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of 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 period. 23.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Fidelity and Guaranty Life (NYSE:FGL) traded up 0.080% during mid-day trading on Wednesday, reaching $31.175. The company had a trading volume of 96,854 shares. The stock has a 50 day moving average of $31.15 and a 200-day moving average of $29.14. Fidelity and Guaranty Life has a 52 week low of $21.10 and a 52 week high of $31.30. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 9.476 and a beta of 0.90.

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

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

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