ValuEngine upgraded shares of FGL (NYSE:FG) from a sell rating to a hold rating in a report issued on Friday.

Several other research analysts have also recently weighed in on FG. Credit Suisse Group started coverage on FGL in a research report on Wednesday, April 25th. They issued a neutral rating and a $11.00 price objective on the stock. Zacks Investment Research cut FGL from a buy rating to a hold rating in a research report on Tuesday, July 10th. Finally, Royal Bank of Canada started coverage on FGL in a research report on Tuesday, July 17th. They issued an outperform rating and a $10.00 price objective on the stock. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. FGL has a consensus rating of Buy and a consensus target price of $10.50.

Shares of FGL stock opened at $9.33 on Friday. FGL has a 12-month low of $8.14 and a 12-month 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 announced 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 company had revenue of $340.00 million for the quarter, compared to the consensus estimate of $330.53 million. During the same quarter last year, the company posted $0.72 EPS. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. equities analysts expect that FGL will post 1.13 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of FGL during the 1st quarter valued at $130,000. Raymond James & Associates lifted its position in shares of FGL by 6.5% during the 2nd quarter. Raymond James & Associates now owns 230,828 shares of the company’s stock valued at $1,937,000 after buying an additional 14,117 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new position in shares of FGL during the 1st quarter valued at $180,000. Amalgamated Bank purchased a new position in shares of FGL during the 2nd quarter valued at $161,000. Finally, Quantbot Technologies LP purchased a new position in shares of FGL during the 1st quarter valued at $197,000. 68.69% of the stock is currently owned by hedge funds and other 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.

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Analyst Recommendations for FGL (NYSE:FG)

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