FGL Holdings (NYSE:FG) Director Richard N. Massey purchased 50,000 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were purchased at an average cost of $8.76 per share, with a total value of $438,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of FG stock opened at $8.69 on Friday. FGL Holdings has a twelve month low of $8.14 and a twelve month high of $11.94. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.20 and a current ratio of 0.20.

FGL (NYSE:FG) last announced its earnings results on Thursday, August 9th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The firm had revenue of $340.00 million during the quarter, compared to analyst estimates of $330.53 million. During the same period in the previous year, the firm posted $0.72 EPS. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. equities research analysts predict that FGL Holdings will post 1.13 EPS for the current fiscal year.

FG has been the subject of several research reports. Zacks Investment Research raised FGL from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a research note on Monday, September 3rd. ValuEngine raised shares of FGL from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Goldman Sachs Group began coverage on shares of FGL in a research note on Tuesday, August 21st. They issued a “neutral” rating and a $10.50 target price for the company. Credit Suisse Group cut 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. Finally, Royal Bank of Canada began coverage on shares of FGL in a research note on Tuesday, July 17th. They issued an “outperform” rating and a $10.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. FGL presently has a consensus rating of “Hold” and a consensus price target of $10.45.

Hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new position in FGL in the 1st quarter valued at about $130,000. Quantitative Systematic Strategies LLC acquired a new position in FGL in the 1st quarter valued at about $180,000. Amalgamated Bank acquired a new position in FGL in the 2nd quarter valued at about $161,000. Quantbot Technologies LP acquired a new position in FGL in the 1st quarter valued at about $197,000. Finally, JPMorgan Chase & Co. purchased a new stake in FGL in the 1st quarter valued at about $211,000. 72.44% of the stock is 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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