Fidelity & Guaranty Life (NYSE:FGL) declared a quarterly dividend on Friday, July 28th, Wall Street Journal reports. Shareholders of record on Monday, August 14th will be given a dividend of 0.065 per share by the financial services provider on Monday, August 28th. This represents a $0.26 annualized dividend and a yield of 0.84%. The ex-dividend date is Thursday, August 10th.
Fidelity & Guaranty Life has a dividend payout ratio of 10.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Fidelity & Guaranty Life to earn $2.72 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 9.6%.
Fidelity & Guaranty Life (NYSE FGL) traded down 0.16% during trading on Friday, reaching $31.10. The company’s stock had a trading volume of 189,924 shares. Fidelity & Guaranty Life has a one year low of $21.10 and a one year high of $31.30. The firm has a market capitalization of $1.82 billion, a P/E ratio of 9.45 and a beta of 0.90. The stock has a 50-day moving average of $31.14 and a 200 day moving average of $28.89.
Fidelity & Guaranty Life (NYSE:FGL) last announced its earnings results on Wednesday, August 2nd. The financial services provider reported $0.63 EPS for the quarter, meeting analysts’ consensus estimates of $0.63. Fidelity & Guaranty Life had a return on equity of 6.38% and a net margin of 8.42%. The business had revenue of $380 million during the quarter, compared to analysts’ expectations of $308 million. During the same quarter in the prior year, the firm earned $0.82 earnings per share. The business’s revenue was up 45.6% compared to the same quarter last year. On average, equities research analysts predict that Fidelity & Guaranty Life will post $2.65 EPS for the current fiscal year.
A number of brokerages have commented on FGL. BidaskClub cut Fidelity & Guaranty Life from a “buy” rating to a “hold” rating in a report on Monday, July 24th. ValuEngine raised Fidelity & Guaranty Life from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Finally, Sandler O’Neill cut Fidelity & Guaranty Life from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Fidelity & Guaranty Life has a consensus rating of “Hold” and an average price target of $26.60.
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Fidelity & 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.
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