FGL Holdings (FG) Receives Consensus Rating of “Hold” from Analysts – Fairfield Current
FGL Holdings (NYSE:FG) has earned an average rating of “Hold” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $9.79.
Several research analysts have commented on the company. Zacks Investment Research downgraded FGL from a “hold” rating to a “sell” rating in a research note on Tuesday, January 1st. Citigroup assumed coverage on FGL in a research note on Friday, December 7th. They set a “neutral” rating and a $8.50 target price for the company. ValuEngine downgraded FGL from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 2nd. Finally, TheStreet raised FGL from an “e+” rating to a “c” rating in a research note on Thursday, November 8th.
Shares of NYSE FG opened at $8.21 on Tuesday. 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 12 month low of $5.93 and a 12 month high of $10.74.
Large investors have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc grew its holdings in shares of FGL by 35.1% during the fourth quarter. NumerixS Investment Technologies Inc now owns 10,000 shares of the company’s stock worth $67,000 after purchasing an additional 2,600 shares during the last quarter. Signition LP bought a new stake in shares of FGL during the fourth quarter worth about $67,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of FGL by 35.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,175 shares of the company’s stock worth $74,000 after purchasing an additional 2,897 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of FGL during the fourth quarter worth about $77,000. Finally, Quantbot Technologies LP bought a new stake in shares of FGL during the third quarter worth about $103,000. Institutional investors own 68.86% of the company’s stock.
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.
Featured Story: How mutual funds make money
Receive News & Ratings for FGL Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for FGL and related companies with MarketBeat.com’s FREE daily email newsletter.