FGL Holdings (NYSE:FG) insider Christopher J. Littlefield acquired 30,000 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was acquired at an average cost of $8.74 per share, with a total value of $262,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of FG traded down $0.01 during mid-day trading on Monday, reaching $8.69. The company’s stock had a trading volume of 741,500 shares, compared to its average volume of 1,112,253. FGL Holdings has a 1-year low of $8.14 and a 1-year high of $11.94. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.40.

FGL (NYSE:FG) last released its quarterly earnings data on Thursday, August 9th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. The business 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 business earned $0.72 earnings per share. The business’s quarterly revenue was down 10.5% on a year-over-year basis. analysts forecast that FGL Holdings will post 1.13 EPS for the current year.

A number of research firms have recently issued reports on FG. Zacks Investment Research cut FGL from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Royal Bank of Canada began coverage on FGL in a research report on Tuesday, July 17th. They issued an “outperform” rating and a $10.00 price objective for the company. ValuEngine cut FGL from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Credit Suisse Group cut their price objective on FGL from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, August 17th. Finally, Goldman Sachs Group began coverage on FGL in a research report on Tuesday, August 21st. They issued a “neutral” rating and a $10.50 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $10.45.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in FGL by 252.4% during the 2nd quarter. BlackRock Inc. now owns 10,963,965 shares of the company’s stock worth $91,988,000 after purchasing an additional 7,852,427 shares during the last quarter. Franklin Resources Inc. lifted its holdings in FGL by 65.8% during the 1st quarter. Franklin Resources Inc. now owns 1,417,200 shares of the company’s stock worth $14,384,000 after purchasing an additional 562,500 shares during the last quarter. Highland Capital Management LP lifted its holdings in FGL by 2.1% during the 1st quarter. Highland Capital Management LP now owns 1,215,100 shares of the company’s stock worth $12,333,000 after purchasing an additional 25,000 shares during the last quarter. Sapience Investments LLC lifted its holdings in FGL by 19.2% during the 2nd quarter. Sapience Investments LLC now owns 1,153,600 shares of the company’s stock worth $9,679,000 after purchasing an additional 186,150 shares during the last quarter. Finally, Federated Investors Inc. PA acquired a new stake in FGL during the 2nd quarter worth approximately $6,797,000. 72.44% of the stock is owned by institutional investors.

FGL Company Profile

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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