Underwriters begin coverage on Fidelity & Guaranty


Coverage begins on Fidelity & Guaranty Life (FGL) begins, with Credit Suisse and RBC Capital initiating with Buys, and JPMorgan a Hold.

Noting the company's current ROE of about 8% lags peers, CS expects ROE to reach 10% by 2016 with room to grow further as FGL deploys its excess capital. The stock currently trades at 0.93x estimated 2015 book value vs. 1x for its competitors.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs