FGL Holdings (FG) Given Average Rating of “Hold” by Analysts – Fairfield Current
FGL Holdings (NYSE:FG) has been given a consensus recommendation of “Hold” by the eight research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $9.79.
Several research analysts have recently commented on FG shares. Zacks Investment Research upgraded FGL from a “sell” rating to a “hold” rating in a research report on Friday, November 9th. TheStreet upgraded FGL from an “e+” rating to a “c” rating in a research report on Thursday, November 8th. ValuEngine lowered FGL from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 2nd. Finally, Citigroup started coverage on FGL in a research report on Friday, December 7th. They issued a “neutral” rating and a $8.50 target price for the company.
A number of large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in FGL by 35.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,175 shares of the company’s stock valued at $74,000 after purchasing an additional 2,897 shares during the period. Signition LP acquired a new position in FGL during the 4th quarter valued at approximately $67,000. Quantbot Technologies LP acquired a new position in FGL during the 3rd quarter valued at approximately $103,000. Fox Run Management L.L.C. acquired a new position in FGL during the 3rd quarter valued at approximately $112,000. Finally, Laurion Capital Management LP boosted its position in FGL by 12.9% during the 3rd quarter. Laurion Capital Management LP now owns 119,919 shares of the company’s stock valued at $1,073,000 after purchasing an additional 13,712 shares during the period. Institutional investors and hedge funds own 68.56% of the company’s stock.
Shares of FG traded down $0.01 during mid-day trading on Friday, hitting $7.57. The stock had a trading volume of 570,200 shares, compared to its average volume of 936,396. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.37. FGL has a fifty-two week low of $5.93 and a fifty-two week high of $10.74.
FGL (NYSE:FG) last issued its earnings results on Thursday, November 8th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $444.00 million during the quarter, compared to analyst estimates of $349.58 million. FGL had a return on equity of 7.49% and a net margin of 3.74%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.11 EPS. Analysts expect that FGL will post 1.12 earnings per share for the current fiscal year.
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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