Analysts at Citigroup assumed coverage on shares of FGL (NYSE:FG) in a note issued to investors on Friday, The Fly reports. The brokerage set a “neutral” rating on the stock.

FG has been the subject of a number of other reports. ValuEngine raised shares of FGL from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Credit Suisse Group reduced their target price on shares of FGL from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, August 17th. Goldman Sachs Group started coverage on shares of FGL in a research note on Tuesday, August 21st. They set a “neutral” rating and a $10.50 target price for the company. Zacks Investment Research lowered shares of FGL from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Finally, TheStreet raised shares of FGL from an “e+” rating to a “c” rating in a research note on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $10.45.

NYSE FG opened at $7.15 on Friday. FGL has a one year low of $7.07 and a one year high of $10.74. 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 (NYSE:FG) last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. FGL had a net margin of 3.74% and a return on equity of 7.49%. The business had revenue of $444.00 million during the quarter, compared to analyst estimates of $349.58 million. During the same period in the previous year, the business posted $1.11 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, analysts anticipate that FGL will post 1.12 EPS for the current fiscal year.

In other FGL news, Director Richard N. Massey bought 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The shares were acquired at an average cost of $8.76 per share, for a total transaction of $438,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christopher J. Littlefield bought 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was acquired at an average price of $8.74 per share, for a total transaction of $262,200.00. The disclosure for this purchase can be found here. Insiders purchased a total of 105,000 shares of company stock worth $918,950 over the last quarter. Insiders own 21.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of FGL by 1.6% during the third quarter. Vanguard Group Inc. now owns 12,381,299 shares of the company’s stock valued at $110,812,000 after acquiring an additional 200,029 shares during the period. BlackRock Inc. grew its position in FGL by 6.5% during the third quarter. BlackRock Inc. now owns 11,680,188 shares of the company’s stock valued at $104,538,000 after purchasing an additional 716,223 shares in the last quarter. Kingstown Capital Management L.P. grew its position in FGL by 17.6% during 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 purchasing an additional 900,000 shares in the last quarter. River Road Asset Management LLC grew its position in FGL by 39.2% during the third quarter. River Road Asset Management LLC now owns 3,197,808 shares of the company’s stock valued at $28,620,000 after purchasing an additional 900,245 shares in the last quarter. Finally, Pennant Investors LP purchased a new position in FGL during the third quarter valued at approximately $14,723,000. Institutional investors and hedge funds own 68.55% of the company’s stock.

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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The Fly

Analyst Recommendations for FGL (NYSE:FG)

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