Fidelity and Guaranty Life (NYSE:FGL) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 3,363,795 shares, an increase of 65.3% from the October 31st total of 2,034,537 shares. Based on an average daily volume of 511,500 shares, the days-to-cover ratio is presently 6.6 days. Currently, 5.8% of the shares of the company are sold short.

Separately, ValuEngine cut Fidelity and Guaranty Life from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st.

Fidelity and Guaranty Life (NYSE:FGL) opened at $31.10 on Thursday. Fidelity and Guaranty Life has a twelve month low of $23.20 and a twelve month high of $31.70. The company has a market capitalization of $1,834.87, a price-to-earnings ratio of 10.26 and a beta of 0.88. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.18.

Fidelity and Guaranty Life (NYSE:FGL) last announced its earnings results on Wednesday, November 15th. The financial services provider reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.43. Fidelity and Guaranty Life had a return on equity of 8.83% and a net margin of 14.57%. The company had revenue of $435.00 million for the quarter, compared to analysts’ expectations of $319.00 million. During the same period last year, the firm earned $0.69 EPS. Fidelity and Guaranty Life’s revenue for the quarter was up 37.7% compared to the same quarter last year. analysts anticipate that Fidelity and Guaranty Life will post 2.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be paid a $0.065 dividend. The ex-dividend date of this dividend is Friday, November 24th. This represents a $0.26 dividend on an annualized basis and a yield of 0.84%. Fidelity and Guaranty Life’s payout ratio is presently 6.79%.

A number of hedge funds have recently modified their holdings of FGL. FMR LLC purchased a new stake in Fidelity and Guaranty Life in the 2nd quarter worth $36,304,000. JPMorgan Chase & Co. increased its stake in Fidelity and Guaranty Life by 5,004.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 821,707 shares of the financial services provider’s stock worth $25,514,000 after buying an additional 805,608 shares in the last quarter. Coronation Fund Managers Ltd. purchased a new stake in Fidelity and Guaranty Life in the 2nd quarter worth $22,007,000. Omni Partners LLP purchased a new stake in Fidelity and Guaranty Life in the 2nd quarter worth $12,365,000. Finally, Phocas Financial Corp. purchased a new stake in Fidelity and Guaranty Life in the 2nd quarter worth $5,783,000. Institutional investors and hedge funds own 20.55% of the company’s stock.

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Fidelity and 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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