FGL Holdings (FG) Given Consensus Rating of “Hold” by Analysts

FGL Holdings (NYSE:FG) has received a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $9.75.

Several equities analysts have recently weighed in on the stock. Citigroup assumed coverage on shares of FGL in a research report on Friday, December 7th. They set a “neutral” rating and a $8.50 price objective for the company. Zacks Investment Research upgraded shares of FGL from a “sell” rating to a “hold” rating in a research report on Monday, December 10th. Finally, ValuEngine lowered shares of FGL from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 2nd.

Shares of NYSE:FG remained flat at $$7.87 during trading hours on Friday. 970,690 shares of the stock traded hands, compared to its average volume of 1,371,920. FGL has a one year low of $5.93 and a one year high of $10.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 6.61 and a beta of 1.01.

FGL (NYSE:FG) last posted its quarterly earnings data on Wednesday, February 27th. The company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.07. FGL had a net margin of 18.33% and a return on equity of 20.21%. As a group, equities analysts forecast that FGL will post 1.38 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Friday, March 15th. FGL’s dividend payout ratio is presently 3.36%.

In other news, insider Christopher O. Blunt acquired 100,000 shares of FGL stock in a transaction on Monday, March 4th. The stock was bought at an average cost of $8.54 per share, with a total value of $854,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard N. Massey acquired 50,000 shares of FGL stock in a transaction on Wednesday, March 13th. The shares were purchased at an average cost of $8.44 per share, with a total value of $422,000.00. The disclosure for this purchase can be found here. Insiders have acquired 180,000 shares of company stock valued at $1,527,700 over the last ninety days. Insiders own 21.50% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. OMERS ADMINISTRATION Corp purchased a new stake in shares of FGL in the fourth quarter worth approximately $342,000. Geode Capital Management LLC lifted its position in shares of FGL by 14.1% in the fourth quarter. Geode Capital Management LLC now owns 1,829,751 shares of the company’s stock worth $12,185,000 after purchasing an additional 226,275 shares in the last quarter. Legal & General Group Plc lifted its position in shares of FGL by 18.2% in the fourth quarter. Legal & General Group Plc now owns 27,464 shares of the company’s stock worth $183,000 after purchasing an additional 4,221 shares in the last quarter. Cipher Capital LP lifted its position in shares of FGL by 164.2% in the fourth quarter. Cipher Capital LP now owns 53,018 shares of the company’s stock worth $353,000 after purchasing an additional 32,950 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of FGL in the fourth quarter worth approximately $77,000. 71.66% of the stock is owned by institutional investors.

About FGL

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.

Further Reading: Derivative

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