Can Fidelity & Guaranty Life (FGL)’s Tomorrow be Different? The Stock Formed a Double Top

December 7, 2017 - By Michael Collier

Investors sentiment decreased to 1.29 in Q2 2017. Its down 0.09, from 1.38 in 2017Q1. It is negative, as 20 investors sold Fidelity & Guaranty Life shares while 22 reduced holdings. 27 funds opened positions while 27 raised stakes. 12.27 million shares or 0.51% less from 12.33 million shares in 2017Q1 were reported.
Royal Retail Bank Of Canada holds 0% of its portfolio in Fidelity & Guaranty Life (NYSE:FGL) for 144,791 shares. Wolverine Asset Lc, Illinois-based fund reported 3,990 shares. Moreover, Wells Fargo & Mn has 0% invested in Fidelity & Guaranty Life (NYSE:FGL) for 10,594 shares. State Street Corp stated it has 0% of its portfolio in Fidelity & Guaranty Life (NYSE:FGL). Swiss Bank, Switzerland-based fund reported 27,900 shares. Omni Prns Ltd Liability Partnership has 1.58% invested in Fidelity & Guaranty Life (NYSE:FGL) for 398,231 shares. Jpmorgan Chase holds 821,707 shares. Qs Lc owns 9,181 shares. Maine-based Schroder Investment Management Grp has invested 0% in Fidelity & Guaranty Life (NYSE:FGL). Dimensional Fund Advisors L P stated it has 108,981 shares or 0% of all its holdings. Metropolitan Life Insurance Company New York stated it has 0% of its portfolio in Fidelity & Guaranty Life (NYSE:FGL). Gam Holdg Ag, Switzerland-based fund reported 33,054 shares. Schwab Charles Investment Inc holds 0% of its portfolio in Fidelity & Guaranty Life (NYSE:FGL) for 46,199 shares. Pub Employees Retirement Of Ohio reported 20,100 shares or 0% of all its holdings. Prelude Cap Mngmt Limited Co holds 119,427 shares or 0.35% of its portfolio.

The chart of Fidelity & Guaranty Life (FGL) shows a double top with $33.59 target or 8.00 % above today’s $31.10 share price. The 6 months chart pattern indicates low risk for the $1.84 billion company. It was reported on Dec, 7 by Finviz.com. If the $33.59 price target is reached, the company will be worth $146.80M more. Double tops are rare but powerful chart patterns.

It closed at $31.1 lastly. It is up 14.78% since December 7, 2016 and is uptrending. It has underperformed by 1.92% the S&P500.

Fidelity & Guaranty Life (NYSE:FGL) Ratings Coverage

Among 3 analysts covering Fidelity & Guaranty Life (NYSE:FGL), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Fidelity & Guaranty Life had 5 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Fidelity & Guaranty Life (NYSE:FGL) has “Buy” rating given on Tuesday, January 17 by Sandler O’Neill. The stock of Fidelity & Guaranty Life (NYSE:FGL) earned “Sector Perform” rating by RBC Capital Markets on Friday, November 20. The company was downgraded on Tuesday, November 10 by Macquarie Research. As per Wednesday, July 22, the company rating was upgraded by Macquarie Research.

More notable recent Fidelity & Guaranty Life (NYSE:FGL) news were published by: Prnewswire.com which released: “Fidelity & Guaranty Life Reports Fiscal Fourth Quarter 2017 Results” on November 15, 2017, also Wsj.com with their article: “CF Corp to Buy Fidelity & Guaranty Life” published on May 24, 2017, Nasdaq.com published: “Fidelity and Guaranty Life (FGL) Ex-Dividend Date Scheduled for November 24, 2017” on November 22, 2017. More interesting news about Fidelity & Guaranty Life (NYSE:FGL) were released by: Prnewswire.com and their article: “Fidelity & Guaranty Life Announces Diana Hickert-Hill to lead Marketing …” published on September 05, 2017 as well as Seekingalpha.com‘s news article titled: “Fidelity & Guaranty Life’s (FGL) Management on Q1 2017 Results – Earnings Call …” with publication date: February 22, 2017.

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