Richard N. Massey Purchases 50,000 Shares of FGL Holdings (FG) Stock
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.
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.
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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