Recent Investment Analysts’ Ratings Updates for FGL (FG)

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FGL (NYSE: FG) recently received a number of ratings updates from brokerages and research firms:

  • 9/3/2018 – FGL was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.75 price target on the stock. According to Zacks, “FGL Holdings operates as a holding company. It offers fixed annuities and life insurance products, as well as provides reinsurance solutions, through its subsidiaries. FGL Holdings is based in Hamilton, Bermuda. “
  • 8/31/2018 – FGL was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FGL Holdings operates as a holding company. It offers fixed annuities and life insurance products, as well as provides reinsurance solutions, through its subsidiaries. FGL Holdings is based in Hamilton, Bermuda. “
  • 8/21/2018 – FGL is now covered by analysts at Goldman Sachs Group Inc. They set a “neutral” rating and a $10.50 price target on the stock.
  • 8/17/2018 – FGL had its price target lowered by analysts at Credit Suisse Group AG from $11.00 to $10.00. They now have a “neutral” rating on the stock.
  • 8/17/2018 – FGL was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/7/2018 – FGL was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 7/18/2018 – FGL was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $10.00 price target on the stock. According to Zacks, “FGL Holdings operates as a holding company. It offers fixed annuities and life insurance products, as well as provides reinsurance solutions, through its subsidiaries. FGL Holdings is based in Hamilton, Bermuda. “
  • 7/17/2018 – FGL is now covered by analysts at Royal Bank of Canada. They set an “outperform” rating and a $10.00 price target on the stock.
  • 7/10/2018 – FGL was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “FGL Holdings operates as a holding company. It offers fixed annuities and life insurance products, as well as provides reinsurance solutions, through its subsidiaries. FGL Holdings is based in Hamilton, Bermuda. “

Shares of NYSE:FG traded down $0.33 on Friday, hitting $8.68. The company’s stock had a trading volume of 60,379 shares, compared to its average volume of 662,274. FGL Holdings has a 12 month low of $8.14 and a 12 month high of $11.94. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.20 and a quick 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 Thomson Reuters’ consensus estimate of $0.26 by $0.01. The firm had revenue of $340.00 million for the quarter, compared to the consensus estimate of $330.53 million. During the same period in the prior year, the business earned $0.72 EPS. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. analysts forecast that FGL Holdings will post 1.13 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in FG. Dynamic Technology Lab Private Ltd purchased a new stake in shares of FGL during the first quarter valued at $130,000. Amalgamated Bank purchased a new stake in FGL in the 2nd quarter worth about $161,000. Quantitative Systematic Strategies LLC purchased a new stake in FGL in the 1st quarter worth about $180,000. Legal & General Group Plc purchased a new stake in FGL in the 2nd quarter worth about $183,000. Finally, Quantbot Technologies LP purchased a new stake in FGL in the 1st quarter worth about $197,000. 72.67% of the stock is owned by institutional investors and hedge funds.

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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