FGL Holdings (FG) Expected to Announce Earnings of $0.28 Per Share

Equities research analysts expect FGL Holdings (NYSE:FG) to report earnings of $0.28 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for FGL’s earnings. The company is scheduled to report its next earnings results on Wednesday, February 6th.

According to Zacks, analysts expect that FGL will report full year earnings of $1.12 per share for the current year. For the next year, analysts anticipate that the business will post earnings of $1.33 per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover FGL.

FGL (NYSE:FG) last posted its earnings results on Thursday, November 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. The firm had revenue of $444.00 million during the quarter, compared to analysts’ expectations of $349.58 million. FGL had a net margin of 3.74% and a return on equity of 7.49%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.11 earnings per share.

A number of analysts have issued reports on FG shares. Zacks Investment Research upgraded shares of FGL from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research note on Monday, September 3rd. ValuEngine cut shares of FGL from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Goldman Sachs Group started coverage on shares of FGL in a research note on Tuesday, August 21st. They issued a “neutral” rating and a $10.50 target price for the company. TheStreet upgraded shares of FGL from an “e+” rating to a “c” rating in a research note on Thursday, November 8th. Finally, Credit Suisse Group reduced their target price on shares of FGL from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.13.

NYSE FG opened at $6.93 on Monday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.37. FGL has a 12-month low of $6.88 and a 12-month high of $10.74.

In other news, Director Richard N. Massey acquired 50,000 shares of FGL stock in a transaction dated Wednesday, September 12th. The stock was acquired at an average cost of $8.76 per share, for a total transaction of $438,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dennis Vigneau acquired 25,000 shares of FGL stock in a transaction dated Thursday, September 13th. The stock was purchased at an average price of $8.75 per share, with a total value of $218,750.00. The disclosure for this purchase can be found here. Insiders bought 105,000 shares of company stock valued at $918,950 over the last 90 days. 21.50% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of FGL in the third quarter worth $103,000. Fox Run Management L.L.C. acquired a new stake in shares of FGL in the third quarter worth $112,000. Zeke Capital Advisors LLC acquired a new stake in shares of FGL in the third quarter worth $132,000. FNY Investment Advisers LLC acquired a new position in FGL during the 3rd quarter valued at $134,000. Finally, Amalgamated Bank acquired a new position in FGL during the 2nd quarter valued at $161,000. Institutional investors and hedge funds own 68.55% of the company’s stock.

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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