FGL Holdings (NYSE:FG) Insider Sells $635,576.00 in Stock

FGL Holdings (NYSE:FG) insider Jonathan Bayer sold 59,960 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $10.60, for a total value of $635,576.00. Following the completion of the transaction, the insider now directly owns 64,672 shares of the company’s stock, valued at $685,523.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Jonathan Bayer also recently made the following trade(s):

  • On Monday, May 11th, Jonathan Bayer sold 100,000 shares of FGL stock. The shares were sold at an average price of $10.31, for a total value of $1,031,000.00.

Shares of FG traded down $0.09 during mid-day trading on Friday, reaching $10.56. The company had a trading volume of 294,495 shares, compared to its average volume of 4,345,153. FGL Holdings has a 52-week low of $6.31 and a 52-week high of $12.46. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $2.35 billion, a P/E ratio of -62.11 and a beta of 0.69. The stock has a 50 day moving average of $10.16 and a two-hundred day moving average of $10.13.

FGL (NYSE:FG) last issued its earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.20). FGL had a return on equity of 14.61% and a net margin of 23.99%. The company had revenue of $357.00 million during the quarter, compared to analysts’ expectations of $398.00 million. During the same quarter in the previous year, the company earned $0.37 EPS. On average, sell-side analysts expect that FGL Holdings will post 1.19 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.38%. FGL’s payout ratio is 2.70%.

Institutional investors and hedge funds have recently modified their holdings of the company. Mutual of America Capital Management LLC boosted its position in FGL by 21.1% during the first quarter. Mutual of America Capital Management LLC now owns 5,656 shares of the company’s stock worth $55,000 after purchasing an additional 986 shares in the last quarter. Amalgamated Bank boosted its position in FGL by 9.5% during the fourth quarter. Amalgamated Bank now owns 23,490 shares of the company’s stock worth $250,000 after purchasing an additional 2,036 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in FGL by 27.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,025 shares of the company’s stock worth $117,000 after purchasing an additional 2,394 shares in the last quarter. Legal & General Group Plc boosted its position in FGL by 0.9% during the first quarter. Legal & General Group Plc now owns 395,369 shares of the company’s stock worth $3,875,000 after purchasing an additional 3,655 shares in the last quarter. Finally, LS Investment Advisors LLC acquired a new position in shares of FGL during the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Several brokerages recently issued reports on FG. Royal Bank of Canada lowered FGL from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $12.50 to $10.00 in a research report on Friday, March 20th. Goldman Sachs Group upgraded FGL from a “sell” rating to a “neutral” rating and boosted their price target for the company from $9.00 to $10.50 in a research note on Monday, February 10th. TheStreet downgraded FGL from a “b+” rating to a “c-” rating in a research note on Thursday, May 7th. ValuEngine downgraded FGL from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 9th. Finally, Zacks Investment Research downgraded FGL from a “hold” rating to a “sell” rating in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. FGL presently has a consensus rating of “Hold” and a consensus price target of $10.40.

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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Insider Buying and Selling by Quarter for FGL (NYSE:FG)

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