FGL Holdings (FG) to Issue Quarterly Dividend of $0.01 on December 9th

FGL Holdings (NYSE:FG) announced a quarterly dividend on Wednesday, November 6th, Zacks reports. Investors of record on Monday, November 25th will be paid a dividend of 0.01 per share on Monday, December 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Friday, November 22nd.

Shares of NYSE FG traded down $0.02 during mid-day trading on Wednesday, reaching $9.14. The company’s stock had a trading volume of 19,760 shares, compared to its average volume of 3,061,947. The stock has a 50-day moving average of $8.74 and a two-hundred day moving average of $8.28. The stock has a market capitalization of $2.02 billion, a P/E ratio of 7.66 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.22 and a current ratio of 0.22. FGL has a 1-year low of $5.93 and a 1-year high of $9.87.

FGL (NYSE:FG) last issued its earnings results on Wednesday, November 6th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.04. The business had revenue of $455.00 million during the quarter, compared to analysts’ expectations of $381.83 million. FGL had a net margin of 20.56% and a return on equity of 16.53%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share. Analysts predict that FGL will post 1.38 EPS for the current fiscal year.

In related news, major shareholder Blackstone Group Inc purchased 329,889 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was acquired at an average cost of $7.77 per share, for a total transaction of $2,563,237.53. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher O. Blunt purchased 20,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were bought at an average price of $7.92 per share, with a total value of $158,400.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 884,356 shares of company stock valued at $6,971,205. Company insiders own 15.10% of the company’s stock.

A number of equities research analysts have recently commented on FG shares. Citigroup reduced their target price on shares of FGL from $9.50 to $9.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. TheStreet upgraded shares of FGL from a “c+” rating to a “b” rating in a research report on Wednesday, October 30th. UBS Group cut shares of FGL from a “buy” rating to a “neutral” rating in a research report on Thursday, October 31st. Finally, Zacks Investment Research upgraded shares of FGL from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $9.00.

About FGL

FGL Holdings 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 reinsurance on asset intensive, long duration life, and annuity liabilities, such as fixed, deferred and payout annuities, long-term care, group long-term disability, and cash value life insurance.

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