FGL Holdings (FG) Expected to Announce Earnings of $0.28 Per Share

Wall Street analysts expect FGL Holdings (NYSE:FG) to announce $0.28 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for FGL’s earnings. The company is scheduled to announce its next quarterly earnings report on Wednesday, February 6th.

On average, analysts expect that FGL will report full year earnings of $1.12 per share for the current year. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.33 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover FGL.

FGL (NYSE:FG) last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $444.00 million during the quarter, compared to analysts’ expectations of $349.58 million. FGL had a return on equity of 7.49% and a net margin of 3.74%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.11 EPS.

Several research firms have commented on FG. Zacks Investment Research raised FGL from a “sell” rating to a “hold” rating in a report on Monday. TheStreet raised FGL from an “e+” rating to a “c” rating in a report on Thursday, November 8th. ValuEngine cut FGL from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Goldman Sachs Group began coverage on FGL in a report on Tuesday, August 21st. They issued a “neutral” rating and a $10.50 price target for the company. Finally, Credit Suisse Group cut their price target on FGL from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, August 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. FGL has an average rating of “Hold” and a consensus target price of $10.45.

In other FGL news, insider Christopher J. Littlefield acquired 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were acquired at an average price of $8.74 per share, with a total value of $262,200.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Dennis Vigneau acquired 25,000 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were acquired at an average cost of $8.75 per share, for a total transaction of $218,750.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 105,000 shares of company stock worth $918,950 in the last ninety days. 21.50% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FG. Vanguard Group Inc. raised its position in shares of FGL by 1.6% in the third quarter. Vanguard Group Inc. now owns 12,381,299 shares of the company’s stock valued at $110,812,000 after buying an additional 200,029 shares in the last quarter. Teachers Advisors LLC boosted its holdings in FGL by 6.1% in the 3rd quarter. Teachers Advisors LLC now owns 282,920 shares of the company’s stock valued at $2,532,000 after purchasing an additional 16,333 shares during the period. Pennant Investors LP bought a new position in FGL in the 3rd quarter valued at $14,723,000. AQR Capital Management LLC bought a new position in FGL in the 3rd quarter valued at $653,000. Finally, Kingstown Capital Management L.P. boosted its holdings in FGL by 17.6% in the 3rd quarter. Kingstown Capital Management L.P. now owns 6,000,000 shares of the company’s stock valued at $53,700,000 after purchasing an additional 900,000 shares during the period. 68.55% of the stock is currently owned by hedge funds and other institutional investors.

FGL stock opened at $7.56 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.17 and a current ratio of 0.17. FGL has a 12 month low of $7.54 and a 12 month high of $10.74.

About FGL

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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