Fidelity & Guaranty Life (FGL) Stock Faces Lower Risks Forward After Forming Bullish Double Top Chart Pattern

December 7, 2017 - By Dolores Ford

Investors sentiment decreased to 1.29 in 2017 Q2. Its down 0.09, from 1.38 in 2017Q1. It fall, 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.
Bridgeway Mngmt owns 125,800 shares for 0.05% of their portfolio. Wolverine Asset Mgmt Ltd Com invested in 3,990 shares. Ameriprise Fincl holds 71,085 shares. Menta Capital Ltd Limited Liability Company accumulated 0.11% or 28,879 shares. Group Inc Inc Inc invested in 0% or 7,091 shares. Capstone Advsrs Ltd Limited Liability Company reported 86,640 shares stake. Us Commercial Bank De holds 0% in Fidelity & Guaranty Life (NYSE:FGL) or 1,071 shares. Geode Capital Mngmt Lc has 108,995 shares. Alliancebernstein L P reported 44,100 shares or 0% of all its holdings. Gardner Lewis Asset Mngmt Limited Partnership holds 0.96% or 467,245 shares. United Kingdom-based Barclays Public Lc has invested 0% in Fidelity & Guaranty Life (NYSE:FGL). Gabelli Funds Llc accumulated 39,800 shares. Wells Fargo Mn stated it has 0% in Fidelity & Guaranty Life (NYSE:FGL). Commonwealth Of Pennsylvania School Empls Retrmt has invested 0.08% in Fidelity & Guaranty Life (NYSE:FGL). Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Fidelity & Guaranty Life (NYSE:FGL) for 414 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 stock of Fidelity & Guaranty Life (NYSE:FGL) has “Neutral” rating given on Tuesday, November 10 by Macquarie Research. Macquarie Research upgraded it to “Outperform” rating and $30 target in Wednesday, July 22 report. As per Friday, November 20, the company rating was downgraded by RBC Capital Markets. The rating was upgraded by Sandler O’Neill to “Buy” on Tuesday, January 17.

More notable recent Fidelity & Guaranty Life (NYSE:FGL) news were published by: Seekingalpha.com which released: “Fidelity & Guaranty Life’s (FGL) Management on Q1 2017 Results – Earnings Call …” on February 22, 2017, also Prnewswire.com with their article: “Fidelity & Guaranty Life Announces Diana Hickert-Hill to lead Marketing …” published on September 05, 2017, Prnewswire.com published: “Fidelity & Guaranty Life To Report Fiscal Fourth Quarter 2017 Financial …” on October 10, 2017. More interesting news about Fidelity & Guaranty Life (NYSE:FGL) were released by: Prnewswire.com and their article: “Fidelity & Guaranty Life Announces Commencement of Consent Solicitation to …” published on November 08, 2017 as well as Seekingalpha.com‘s news article titled: “Fidelity & Guaranty Life: After The Anbang” with publication date: April 18, 2017.

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