FGL Holdings (NYSE:FG) General Counsel Eric L. Marhoun sold 153,144 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $10.51, for a total transaction of $1,609,543.44. Following the completion of the transaction, the general counsel now owns 42,222 shares of the company’s stock, valued at approximately $443,753.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of FG opened at $10.65 on Friday. FGL Holdings has a 1-year low of $6.31 and a 1-year high of $12.46. The stock has a market cap of $2.35 billion, a PE ratio of -62.64 and a beta of 0.69. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.20 and a quick ratio of 0.20. The firm has a fifty day moving average price of $10.17 and a 200 day moving average price of $10.14.

FGL (NYSE:FG) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.20). FGL had a net margin of 23.99% and a return on equity of 14.61%. The company had revenue of $357.00 million during the quarter, compared to analysts’ expectations of $398.00 million. During the same period last year, the firm earned $0.37 earnings per share. As a group, equities analysts expect that FGL Holdings will post 1.19 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Tuesday, May 26th will be given a $0.01 dividend. The ex-dividend date is Friday, May 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.38%. FGL’s dividend payout ratio (DPR) is presently 2.70%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. LS Investment Advisors LLC purchased a new stake in shares of FGL in the fourth quarter valued at about $39,000. Meeder Asset Management Inc. purchased a new stake in shares of FGL in the first quarter valued at about $51,000. Mutual of America Capital Management LLC raised its holdings in shares of FGL by 21.1% in the first quarter. Mutual of America Capital Management LLC now owns 5,656 shares of the company’s stock valued at $55,000 after buying an additional 986 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of FGL by 10,285.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,543 shares of the company’s stock valued at $70,000 after buying an additional 6,480 shares during the last quarter. Finally, Mint Tower Capital Management B.V. purchased a new stake in shares of FGL in the first quarter valued at about $98,000. 76.48% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have commented on the stock. Goldman Sachs Group upgraded shares of FGL from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $9.00 to $10.50 in a research note on Monday, February 10th. Royal Bank of Canada downgraded shares of FGL from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $12.50 to $10.00 in a research note on Friday, March 20th. ValuEngine downgraded shares of FGL from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 9th. Piper Sandler reaffirmed a “neutral” rating on shares of FGL in a research report on Tuesday, February 11th. Finally, TheStreet cut shares of FGL from a “b+” rating to a “c-” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $10.40.

FGL Company Profile

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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Insider Buying and Selling by Quarter for FGL (NYSE:FG)

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