Trexquant Investment LP bought a new position in shares of FGL Holdings (NYSE:FG) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 49,533 shares of the company’s stock, valued at approximately $503,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pennant Capital Management LLC acquired a new position in FGL during the fourth quarter worth $7,881,000. Glacier Peak Capital LLC acquired a new position in FGL during the fourth quarter worth $986,000. Crestline Management LP acquired a new position in FGL during the fourth quarter worth $303,000. Millennium Management LLC acquired a new position in FGL during the fourth quarter worth $1,728,000. Finally, Prana Capital Management LP acquired a new position in FGL during the fourth quarter worth $665,000. Institutional investors and hedge funds own 68.72% of the company’s stock.
FGL opened at $8.98 on Monday, according to MarketBeat Ratings. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.27. FGL Holdings has a 1 year low of $8.65 and a 1 year high of $12.25.
FGL (NYSE:FG) last posted its quarterly earnings results on Wednesday, May 9th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The firm had revenue of $131.00 million for the quarter, compared to the consensus estimate of $338.31 million. equities analysts expect that FGL Holdings will post 1.09 earnings per share for the current fiscal year.
Several analysts have issued reports on FG shares. ValuEngine lowered shares of FGL from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised shares of FGL from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research report on Tuesday, March 6th. UBS started coverage on shares of FGL in a research report on Friday, March 2nd. They set a “buy” rating and a $12.00 price target on the stock. Sandler O’Neill raised shares of FGL from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Finally, Credit Suisse Group started coverage on shares of FGL in a research report on Wednesday, April 25th. They set a “neutral” rating and a $11.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $11.67.
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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