TheStreet upgraded shares of FGL (NYSE:FG) from an e+ rating to a c rating in a research note released on Thursday.
A number of other analysts have also recently issued reports on the company. Zacks Investment Research raised FGL from a sell rating to a hold rating in a research note on Friday. ValuEngine raised FGL from a sell rating to a hold rating in a research note on Friday, August 17th. Credit Suisse Group lowered their target price on FGL from $11.00 to $10.00 and set a neutral rating for the company in a research note on Friday, August 17th. Royal Bank of Canada began coverage on FGL in a research note on Tuesday, July 17th. They set an outperform rating and a $10.00 target price for the company. Finally, Goldman Sachs Group began coverage on FGL in a research note on Tuesday, August 21st. They set a neutral rating and a $10.50 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $10.45.
Shares of FG stock opened at $7.89 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.20 and a quick ratio of 0.20. FGL has a one year low of $7.54 and a one year high of $10.74.
FGL (NYSE:FG) last announced its quarterly earnings results on Thursday, November 8th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $444.00 million during the quarter, compared to analysts’ expectations of $349.58 million. FGL had a return on equity of 10.97% and a net margin of 6.09%. FGL’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.11 EPS. As a group, equities research analysts anticipate that FGL will post 1.12 EPS for the current fiscal year.
In other FGL news, CFO Dennis Vigneau purchased 25,000 shares of the firm’s stock in a transaction dated Thursday, September 13th. The stock was bought at an average cost of $8.75 per share, with a total value of $218,750.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Christopher J. Littlefield purchased 30,000 shares of the firm’s stock in a transaction dated Friday, September 14th. The shares were acquired at an average cost of $8.74 per share, with a total value of $262,200.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 105,000 shares of company stock valued at $918,950. 21.50% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of FG. Fox Run Management L.L.C. bought a new position in shares of FGL during the 3rd quarter worth approximately $112,000. Zeke Capital Advisors LLC bought a new position in shares of FGL during the 3rd quarter worth approximately $132,000. FNY Investment Advisers LLC bought a new position in shares of FGL during the 3rd quarter worth approximately $134,000. Amalgamated Bank bought a new position in shares of FGL during the 2nd quarter worth approximately $161,000. Finally, Legal & General Group Plc bought a new position in shares of FGL during the 2nd quarter worth approximately $183,000. 72.65% of the stock is owned by institutional investors.
FGL Company Profile
FGL Holdings, through its subsidiaries, sells individual life insurance products and annuities in the United States. The company offers deferred annuities, including fixed indexed annuity contracts and fixed rate annuity contracts; immediate annuities; and life insurance products. It also provides life and annuity reinsurance services, such as reinsurance on asset intensive, long duration life, and annuity liabilities.
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