FGL Holdings (NYSE:FG) Director Richard N. Massey bought 50,000 shares of the company’s stock in a transaction on Wednesday, September 12th. The stock was bought at an average cost of $8.76 per share, for a total transaction of $438,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
NYSE:FG opened at $8.69 on Friday. FGL Holdings has a 1 year low of $8.14 and a 1 year high of $11.94. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.40.
FGL (NYSE:FG) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The business had revenue of $340.00 million during the quarter, compared to the consensus estimate of $330.53 million. During the same period in the previous year, the company posted $0.72 EPS. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. equities analysts predict that FGL Holdings will post 1.13 EPS for the current fiscal year.
Several equities research analysts have weighed in on FG shares. Zacks Investment Research raised FGL from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research report on Monday, September 3rd. ValuEngine raised FGL from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Goldman Sachs Group assumed coverage on FGL in a research note on Tuesday, August 21st. They issued a “neutral” rating and a $10.50 price target for the company. Credit Suisse Group decreased their price target on FGL from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, August 17th. Finally, Royal Bank of Canada assumed coverage on FGL in a research note on Tuesday, July 17th. They issued an “outperform” rating and a $10.00 price target for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $10.45.
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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