FGL (NYSE:FG) posted its earnings results on Wednesday. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01, Briefing.com reports. The company had revenue of $444.00 million during the quarter, compared to analyst estimates of $349.58 million. During the same period in the previous year, the company earned $1.11 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year.
NYSE FG traded down $0.06 during trading hours on Thursday, reaching $7.97. The company had a trading volume of 940,584 shares, compared to its average volume of 1,088,054. FGL has a 1-year low of $7.54 and a 1-year high of $10.74. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.40.
FG has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of FGL from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research report on Monday, September 3rd. ValuEngine raised shares of FGL from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Goldman Sachs Group initiated coverage on shares of FGL in a research report on Tuesday, August 21st. They issued a “neutral” rating and a $10.50 target price on the stock. Credit Suisse Group decreased their target price on shares of FGL from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, August 17th. Finally, Royal Bank of Canada initiated coverage on shares of FGL in a research report on Tuesday, July 17th. They issued an “outperform” rating and a $10.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $10.45.
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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