Fidelity and Guaranty Life (FGL) Short Interest Up 65.3% in November

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

Fidelity and Guaranty Life (NYSE FGL) opened at $31.10 on Tuesday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18. Fidelity and Guaranty Life has a twelve month low of $23.20 and a twelve month high of $31.70. The stock has a market capitalization of $1,830.00, a PE ratio of 10.26 and a beta of 0.88.

Fidelity and Guaranty Life (NYSE:FGL) last released its quarterly earnings results on Wednesday, November 15th. The financial services provider reported $1.08 earnings per share (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 firm had revenue of $435.00 million for the quarter, compared to analyst estimates of $319.00 million. During the same quarter last year, the company posted $0.69 earnings per share. The business’s revenue was up 37.7% on a year-over-year basis. analysts expect that Fidelity and Guaranty Life will post 2.72 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Friday, November 24th. Fidelity and Guaranty Life’s dividend payout ratio is currently 6.81%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its holdings in shares of Fidelity and Guaranty Life by 0.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 46,199 shares of the financial services provider’s stock worth $1,435,000 after buying an additional 304 shares during the last quarter. Nationwide Fund Advisors grew its holdings in shares of Fidelity and Guaranty Life by 11.0% during the second quarter. Nationwide Fund Advisors now owns 6,602 shares of the financial services provider’s stock worth $205,000 after buying an additional 656 shares during the last quarter. QS Investors LLC grew its holdings in shares of Fidelity and Guaranty Life by 8.7% during the second quarter. QS Investors LLC now owns 9,181 shares of the financial services provider’s stock worth $285,000 after buying an additional 738 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Fidelity and Guaranty Life by 4.6% during the first quarter. Alliancebernstein L.P. now owns 27,300 shares of the financial services provider’s stock worth $759,000 after buying an additional 1,200 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Fidelity and Guaranty Life by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 108,981 shares of the financial services provider’s stock worth $3,384,000 after buying an additional 1,476 shares during the last quarter. 20.55% of the stock is currently owned by hedge funds and other institutional investors.

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About Fidelity and Guaranty Life

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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