Fidelity & Guaranty Life (FGL)’s Stock Formed A Several Months Double Top Chart Pattern

December 7, 2017 - By Nellie Frank

Investors sentiment decreased to 1.29 in 2017 Q2. Its down 0.09, from 1.38 in 2017Q1. It turned 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.
Nationwide Fund Advsrs reported 0% of its portfolio in Fidelity & Guaranty Life (NYSE:FGL). Omni Prns Llp reported 398,231 shares stake. Manufacturers Life Insur Company The reported 10,288 shares. The Massachusetts-based Rhumbline Advisers has invested 0% in Fidelity & Guaranty Life (NYSE:FGL). Geode Capital Mgmt Ltd Liability Co accumulated 108,995 shares. Susquehanna Grp Llp owns 7,134 shares for 0% of their portfolio. Denali Advsrs Limited Liability owns 28 shares for 0% of their portfolio. State Street Corporation stated it has 212,956 shares or 0% of all its holdings. Capstone Investment Llc holds 0.07% of its portfolio in Fidelity & Guaranty Life (NYSE:FGL) for 86,640 shares. American Group Inc owns 7,091 shares. Deutsche Financial Bank Ag accumulated 302,149 shares. Gardner Lewis Asset Ltd Partnership invested in 0.96% or 467,245 shares. Dimensional Fund Advisors Lp reported 108,981 shares. Bridgeway Cap Mgmt Inc has 0.05% invested in Fidelity & Guaranty Life (NYSE:FGL) for 125,800 shares. Credit Suisse Ag holds 0% in Fidelity & Guaranty Life (NYSE:FGL) or 127,592 shares.

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 company was upgraded on Tuesday, January 17 by Sandler O’Neill. The rating was upgraded by Macquarie Research to “Outperform” on Wednesday, July 22. RBC Capital Markets downgraded Fidelity & Guaranty Life (NYSE:FGL) on Friday, November 20 to “Sector Perform” rating. As per Tuesday, November 10, the company rating was downgraded by Macquarie Research.

More notable recent Fidelity & Guaranty Life (NYSE:FGL) news were published by: Prnewswire.com which released: “Fidelity & Guaranty Life Announces Diana Hickert-Hill to lead Marketing …” on September 05, 2017, also Wsj.com with their article: “CF Corp to Buy Fidelity & Guaranty Life” published on May 24, 2017, Prnewswire.com published: “Fidelity & Guaranty Life Announces Commencement of Consent Solicitation to …” on November 08, 2017. More interesting news about Fidelity & Guaranty Life (NYSE:FGL) were released by: Seekingalpha.com and their article: “Fidelity & Guaranty Life: After The Anbang” published on April 18, 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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