American International Group Inc. Has $643,000 Stake in FGL Holdings (FG)

American International Group Inc. lifted its stake in FGL Holdings (NYSE:FG) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,504 shares of the company’s stock after acquiring an additional 2,413 shares during the period. American International Group Inc.’s holdings in FGL were worth $643,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in FG. Vanguard Group Inc. raised its holdings in shares of FGL by 1.6% in the third quarter. Vanguard Group Inc. now owns 12,381,299 shares of the company’s stock valued at $110,812,000 after buying an additional 200,029 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of FGL by 1.6% in the third quarter. Vanguard Group Inc now owns 12,381,299 shares of the company’s stock valued at $110,812,000 after buying an additional 200,029 shares during the last quarter. BlackRock Inc. raised its holdings in shares of FGL by 2.2% in the fourth quarter. BlackRock Inc. now owns 11,939,699 shares of the company’s stock valued at $79,519,000 after buying an additional 259,511 shares during the last quarter. Kingstown Capital Management L.P. raised its holdings in shares of FGL by 17.6% in the third quarter. Kingstown Capital Management L.P. now owns 6,000,000 shares of the company’s stock valued at $53,700,000 after buying an additional 900,000 shares during the last quarter. Finally, River Road Asset Management LLC raised its holdings in shares of FGL by 35.3% in the fourth quarter. River Road Asset Management LLC now owns 4,327,049 shares of the company’s stock valued at $28,818,000 after buying an additional 1,129,241 shares during the last quarter. Institutional investors and hedge funds own 71.74% of the company’s stock.

FG has been the subject of a number of research analyst reports. Zacks Investment Research cut FGL from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. ValuEngine cut FGL from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. FGL presently has a consensus rating of “Hold” and an average price target of $9.35.

In related news, insider Christopher O. Blunt bought 20,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was bought at an average cost of $8.40 per share, for a total transaction of $168,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Christopher O. Blunt bought 100,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were bought at an average price of $8.54 per share, with a total value of $854,000.00. The disclosure for this purchase can be found here. Insiders have bought a total of 180,000 shares of company stock valued at $1,527,700 over the last 90 days. Corporate insiders own 15.10% of the company’s stock.

FG stock traded up $0.05 during midday trading on Friday, reaching $8.47. The stock had a trading volume of 308,189 shares, compared to its average volume of 942,085. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.61. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 7.12 and a beta of 0.99. FGL Holdings has a twelve month low of $5.93 and a twelve month high of $9.75.

FGL (NYSE:FG) last announced its quarterly earnings data on Friday, March 1st. The company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.06. The firm had revenue of $138.00 million during the quarter, compared to analyst estimates of $351.54 million. FGL had a return on equity of 5.91% and a net margin of 18.33%. Sell-side analysts predict that FGL Holdings will post 1.34 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 18th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, March 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.47%. FGL’s payout ratio is currently 3.36%.

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About FGL

FGL Holdings 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 reinsurance on asset intensive, long duration life, and annuity liabilities, such as fixed, deferred and payout annuities, long-term care, group long-term disability, and cash value life insurance.

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Institutional Ownership by Quarter for FGL (NYSE:FG)

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