Dividend Worth Watching: Dec 12, 2016 is the day Fidelity and Guaranty Life (NYSE:FGL) promises dividends of $0.07. Here’s what they have to say.

Dividend Worth Watching: Dec 12, 2016 is the day Fidelity and Guaranty Life (NYSE:FGL) promises dividends of $0.07. Here's what they have to say.

Fidelity and Guaranty Life (NYSE:FGL) is expected to pay $0.07 on Dec 12, 2016. The indicated annual dividend is $0.26. Shareholders owning the stock before Nov 23, 2016 will be eligible to receive the payout. Based on Fidelity and Guaranty Life’s current price of $23.50, the dividend is 0.28%. This dividend’s record date is Nov 28, 2016 and the announcement date is Nov 11, 2016. The stock increased 0.21% or $0.05 during the last trading session, hitting $23.5. Fidelity & Guaranty Life (NYSE:FGL) has declined 10.31% since April 20, 2016 and is downtrending. It has underperformed by 14.86% the S&P500.

Fidelity & Guaranty Life, formerly Harbinger F&G, LLC, is a holding company. The company has a market cap of $1.35 billion. The Company’s primary business is the sale of individual life insurance products and annuities through independent agents, managing general agents and brokerage firms in selected institutional markets. It has a 14.17 P/E ratio. The Company’s product types include fixed indexed annuities, fixed rate annuities, single premium immediate annuities and life insurance, such as Universal Life and traditional life insurance products.

Insitutional Activity: The institutional sentiment increased to 1.26 in Q2 2016. Its up 0.13, from 1.13 in 2016Q1. The ratio improved, as 10 funds sold all Fidelity & Guaranty Life shares owned while 30 reduced positions. 17 funds bought stakes while 28 increased positions. They now own 13.20 million shares or 35.15% more from 9.77 million shares in 2016Q1.
Blackrock Fund Advisors last reported 290,093 shares in the company. Sg Americas Limited Liability Com, a New York-based fund reported 58,968 shares. Deere & holds 31,009 shares or 0.04% of its portfolio. Northern Corp last reported 0% of its portfolio in the stock. Pnc Financial Svcs Grp Inc holds 0% of its portfolio in Fidelity & Guaranty Life (NYSE:FGL) for 99 shares. State Street Corporation holds 184,750 shares or 0% of its portfolio. The Minnesota-based Ameriprise Inc has invested 0% in Fidelity & Guaranty Life (NYSE:FGL). The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Fidelity & Guaranty Life (NYSE:FGL). Bancorporation Of Ny Mellon reported 141,107 shares or 0% of all its holdings. Omers Administration Corporation last reported 137,100 shares in the company. Blackrock Institutional Tru Na has 250,935 shares for 0% of their US portfolio. Tiaa Cref Invest Llc, a New York-based fund reported 63,666 shares. State Of Wisconsin Board, a Wisconsin-based fund reported 152,075 shares. Qs Invsts Ltd Liability Company has 2,520 shares for 0% of their US portfolio. Moreover, Magnetar Fin Limited Liability has 0.25% invested in Fidelity & Guaranty Life (NYSE:FGL) for 567,355 shares.

Fidelity & Guaranty Life (NYSE:FGL) Ratings Coverage

Out of 2 analysts covering Fidelity & Guaranty Life (NYSE:FGL), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Fidelity & Guaranty Life has been the topic of 4 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was upgraded by Macquarie Research to “Outperform” on Wednesday, July 22. The company was downgraded on Friday, November 20 by RBC Capital Markets. The firm earned “Neutral” rating on Tuesday, November 10 by Macquarie Research.

More notable recent Fidelity & Guaranty Life (NYSE:FGL) news were published by: Forbes.com which released: “Ex-Dividend Reminder: S&P Global, Pembina Pipeline and Fidelity & Guaranty Life” on November 21, 2016, also Prnewswire.com with their article: “Fidelity & Guaranty Life Reports Fiscal Fourth Quarter 2016 Results” published on November 16, 2016, Wsj.com published: “Anbang Withdraws Application for NY Approval of Insurance Deal” on May 31, 2016. More interesting news about Fidelity & Guaranty Life (NYSE:FGL) were released by: Wsj.com and their article: “China’s Anbang to Buy Fidelity & Guaranty for $1.57 Billion” published on November 09, 2015 as well as Prnewswire.com‘s news article titled: “Fidelity & Guaranty Life Reports Fiscal Third Quarter 2016 Results” with publication date: August 02, 2016.

FGL Company Profile

Fidelity & Guaranty Life, formerly Harbinger F&G, LLC, incorporated on August 3, 2010, is a holding company. The Company’s primary business is the sale of individual life insurance products and annuities through independent agents, managing general agents and brokerage firms in selected institutional markets. The Company’s product types include fixed indexed annuities, fixed rate annuities, single premium immediate annuities (SPIAs) and life insurance, such as Universal Life (UL) and traditional life insurance products. The Firm provides its principal life and annuity products through its insurance subsidiaries, Fidelity & Guaranty Life Insurance Company and Fidelity & Guaranty Life Insurance Company of New York. The Company’s principal products are deferred annuities, including fixed indexed annuity (FIA) contracts, immediate annuities and life insurance products. Fixed annuities represent a retirement and savings tool, which clients rely on for principal protection and income streams. In addition, the Company’s life insurance products enable its clients to build on their savings and assign payment of a death benefit to a designated beneficiary upon the policyholder’s death.

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