Fidelity & Guaranty Life (FGL) Forms Double Top Chart Pattern; Strong Momentum for Buyers Coming

December 7, 2017 - By Adrian Erickson

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.
Barclays Public Ltd Company has invested 0% in Fidelity & Guaranty Life (NYSE:FGL). Wolverine Asset Mngmt Lc holds 0% or 3,990 shares. Alpine Associate reported 1.01% in Fidelity & Guaranty Life (NYSE:FGL). Capstone Invest Advsrs holds 86,640 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Fidelity & Guaranty Life (NYSE:FGL) for 414 shares. Omni Prtn Llp invested in 398,231 shares. Ameriprise Finance Inc invested in 0% or 71,085 shares. Gabelli Funds Limited Com owns 39,800 shares. Coastland Capital Llc invested 0.24% of its portfolio in Fidelity & Guaranty Life (NYSE:FGL). Quinn Opportunity Ptnrs Ltd Liability Com owns 56,925 shares. Kennedy Capital Management Incorporated holds 0.1% in Fidelity & Guaranty Life (NYSE:FGL) or 170,231 shares. 26,000 are held by California Pub Employees Retirement Sys. Phocas Finance Corporation accumulated 186,259 shares. The Minnesota-based Us Natl Bank De has invested 0% in Fidelity & Guaranty Life (NYSE:FGL). Public Employees Retirement Of Ohio holds 20,100 shares or 0% 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 rating was upgraded by Sandler O’Neill on Tuesday, January 17 to “Buy”. The stock has “Outperform” rating by Macquarie Research on Wednesday, July 22. As per Friday, November 20, the company rating was downgraded by RBC Capital Markets. The stock of Fidelity & Guaranty Life (NYSE:FGL) has “Neutral” rating given on Tuesday, November 10 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 Nasdaq.com with their article: “Fidelity and Guaranty Life (FGL) Ex-Dividend Date Scheduled for November 24, 2017” published on November 22, 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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