Media headlines about Fidelity and Guaranty Life (NYSE:FGL) have trended somewhat positive on Saturday, Accern reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fidelity and Guaranty Life earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.5822792406182 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- 32.6% Return Seen to Date on SmarTrend Fidelity & Guara Call (FGL) (mysmartrend.com)
- CF Corporation Shareholders Approve Merger with Fidelity and Guaranty Life (newkerala.com)
- BRIEF-CF Corporation shareholders approve merger with Fidelity & Guaranty Life (reuters.com)
- CF Corporation Shareholders Approve Merger with Fidelity & Guaranty Life (finance.yahoo.com)
Several research analysts recently weighed in on FGL shares. BidaskClub cut shares of Fidelity and Guaranty Life from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Sandler O’Neill cut shares of Fidelity and Guaranty Life from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Finally, ValuEngine upgraded shares of Fidelity and Guaranty Life from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. Fidelity and Guaranty Life presently has an average rating of “Hold” and a consensus target price of $26.60.
Fidelity and Guaranty Life (NYSE:FGL) remained flat at $31.15 on Friday. The company had a trading volume of 389,961 shares. Fidelity and Guaranty Life has a 52 week low of $21.10 and a 52 week high of $31.30. The stock has a 50-day moving average price of $31.12 and a 200 day moving average price of $28.65. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 9.47 and a beta of 0.90.
Fidelity and Guaranty Life (NYSE:FGL) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.63. Fidelity and Guaranty Life had a return on equity of 8.00% and a net margin of 13.61%. The business had revenue of $380 million for the quarter, compared to the consensus estimate of $308 million. During the same quarter in the previous year, the company posted $0.82 EPS. The company’s revenue was up 45.6% compared to the same quarter last year. On average, equities research analysts forecast that Fidelity and Guaranty Life will post $2.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Monday, August 14th will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Thursday, August 10th. Fidelity and Guaranty Life’s payout ratio is 7.90%.
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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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