Fidelity & Guaranty Life (FGL) Announces Quarterly Dividend of $0.07
Fidelity & Guaranty Life (NYSE:FGL) declared a quarterly dividend on Tuesday, August 5th, AR Network reports. Investors of record on Monday, August 18th will be given a dividend of 0.065 per share on Monday, September 1st. This represents a $0.26 dividend on an annualized basis and a yield of 1.18%.
A number of analysts have recently weighed in on FGL shares. Analysts at Sandler O’Neill downgraded shares of Fidelity & Guaranty Life from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. On the ratings front, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $23.25.
Shares of Fidelity & Guaranty Life (NYSE:FGL) traded down 0.18% on Tuesday, hitting $21.62. 44,415 shares of the company’s stock traded hands. Fidelity & Guaranty Life has a one year low of $18.12 and a one year high of $24.52. The stock has a 50-day moving average of $22.9 and a 200-day moving average of $21.89.
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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