Sandler O’Neill upgraded shares of FGL (NYSE:FG) from a hold rating to a buy rating in a research note published on Wednesday, Marketbeat.com reports.

Separately, JPMorgan Chase & Co. started coverage on shares of FGL in a report on Tuesday, January 2nd. They set a neutral rating for the company.

Shares of FGL (NYSE FG) opened at $9.40 on Wednesday. FGL has a fifty-two week low of $8.65 and a fifty-two week high of $12.25.

Large investors have recently modified their holdings of the stock. CI Investments Inc. purchased a new position in FGL in the 4th quarter worth $7,568,000. River Road Asset Management LLC purchased a new position in FGL in the 4th quarter worth $15,214,000. Finally, Maltese Capital Management LLC purchased a new position in FGL in the 4th quarter worth $1,007,000. Institutional investors own 0.03% of the company’s stock.

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FGL Company Profile

FGL Holdings, formerly CF Corporation, is a holding company. Through its subsidiaries, the Company offers fixed annuities and life insurance products across the United States. The Company’s insurance subsidiaries include Fidelity & Guaranty Life Insurance Company (FGL Insurance), Fidelity & Guaranty Life Insurance Company of New York (FGL NY Insurance) and F & G Re Ltd.

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