OxFORD Asset Management LLP acquired a new stake in shares of Fidelity and Guaranty Life (NYSE:FGL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 19,675 shares of the financial services provider’s stock, valued at approximately $611,000.
Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC purchased a new position in Fidelity and Guaranty Life in the 2nd quarter worth $36,304,000. Vanguard Group Inc. raised its stake in Fidelity and Guaranty Life by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,058,202 shares of the financial services provider’s stock worth $32,857,000 after acquiring an additional 14,786 shares during the last quarter. JPMorgan Chase & Co. raised 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 acquiring an additional 805,608 shares during the last quarter. Renaissance Technologies LLC raised its stake in Fidelity and Guaranty Life by 20.1% in the 2nd quarter. Renaissance Technologies LLC now owns 764,900 shares of the financial services provider’s stock worth $23,750,000 after acquiring an additional 128,243 shares during the last quarter. Finally, Coronation Fund Managers Ltd. purchased a new position in Fidelity and Guaranty Life in the 2nd quarter worth $22,007,000. Hedge funds and other institutional investors own 23.52% of the company’s stock.
Shares of Fidelity and Guaranty Life (FGL) opened at 31.10 on Friday. Fidelity and Guaranty Life has a 12-month low of $21.10 and a 12-month high of $31.38. The firm has a market capitalization of $1.82 billion, a PE ratio of 9.45 and a beta of 0.89. The company has a 50-day moving average price of $31.13 and a 200 day moving average price of $30.42.
Fidelity and Guaranty Life (NYSE:FGL) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.63 EPS for the quarter, hitting analysts’ consensus estimates of $0.63. Fidelity and Guaranty Life had a net margin of 13.61% and a return on equity of 8.00%. The business had revenue of $380.00 million for the quarter, compared to the consensus estimate of $308.00 million. During the same period in the previous year, the firm earned $0.82 EPS. The business’s revenue for the quarter was up 45.6% on a year-over-year basis. On average, equities analysts expect that Fidelity and Guaranty Life will post $2.65 earnings per share for the current year.
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FGL has been the subject of a number of recent research reports. BidaskClub upgraded Fidelity and Guaranty Life from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 5th. ValuEngine upgraded Fidelity and Guaranty Life from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th.
Fidelity and Guaranty Life 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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