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Fidelity & Guaranty Life (NYSE:FGL) was downgraded by research analysts at Sandler O’Neill from a “buy” rating to a “hold” rating in a report released on Thursday, TheFlyOnTheWall.com reports.

Shares of Fidelity & Guaranty Life (NYSE:FGL) opened at 22.25 on Thursday. Fidelity & Guaranty Life has a 52-week low of $18.12 and a 52-week high of $24.52. The stock’s 50-day moving average is $22.64 and its 200-day moving average is $21.46.

Fidelity & Guaranty Life (NYSE:FGL) last announced its earnings results on Thursday, May 8th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.43 by $0.01. The company had revenue of $214.30 million for the quarter, compared to the consensus estimate of $223.49 million. During the same quarter in the prior year, the company posted $1.56 earnings per share. The company’s quarterly revenue was down 46.9% on a year-over-year basis. On average, analysts predict that Fidelity & Guaranty Life will post $2.22 earnings per share for the current fiscal year.

A number of other firms have also recently commented on FGL. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Fidelity & Guaranty Life in a research note on Tuesday, July 1st. They now have a $21.00 price target on the stock, down previously from $25.00. Separately, analysts at Credit Suisse downgraded shares of Fidelity & Guaranty Life from an “outperform” rating to a “neutral” rating in a research note on Friday, May 16th. They now have a $24.00 price target on the stock, up previously from $22.00. Finally, analysts at Credit Suisse downgraded shares of Fidelity & Guaranty Life from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 8th. They now have a $24.00 price target on the stock, up previously from $22.00. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $23.25.

Fidelity & Guaranty Life is a holding company. The Company offers various types of fixed annuities and life insurance products through its insurance subsidiaries: Fidelity & Guaranty Life Insurance Company (NYSE:FGL) and Fidelity & Guaranty Life Insurance Company of New York (FGL NY Insurance).

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