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.
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.
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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