Piper Sandler Comments on FGL Holdings’ FY2019 Earnings (NYSE:FG)

FGL Holdings (NYSE:FG) – Equities research analysts at Piper Sandler issued their FY2019 earnings per share estimates for shares of FGL in a research note issued on Monday, February 10th. Piper Sandler analyst J. Barnidge forecasts that the company will post earnings per share of $1.40 for the year. Piper Sandler currently has a “Neutral” rating on the stock. Piper Sandler also issued estimates for FGL’s Q4 2019 earnings at $0.36 EPS, Q1 2020 earnings at $0.39 EPS, Q2 2020 earnings at $0.40 EPS, Q3 2020 earnings at $0.42 EPS, Q4 2020 earnings at $0.44 EPS, Q1 2021 earnings at $0.45 EPS, Q2 2021 earnings at $0.47 EPS, Q3 2021 earnings at $0.48 EPS and Q4 2021 earnings at $0.50 EPS.

Other equities analysts have also recently issued reports about the company. Goldman Sachs Group raised FGL from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $9.00 to $10.50 in a research note on Monday, February 10th. UBS Group lowered FGL from a “buy” rating to a “neutral” rating in a research report on Thursday, October 31st. Zacks Investment Research upgraded FGL from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, TheStreet upgraded FGL from a “c+” rating to a “b” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $10.25.

Shares of FGL stock opened at $12.09 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.22 and a quick ratio of 0.22. The business’s 50 day simple moving average is $10.39 and its two-hundred day simple moving average is $8.99. The stock has a market capitalization of $2.69 billion, a P/E ratio of 8.40 and a beta of 1.13. FGL has a one year low of $6.31 and a one year high of $12.46.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FG. Credit Suisse AG boosted its position in shares of FGL by 1,185.9% during the fourth quarter. Credit Suisse AG now owns 1,418,142 shares of the company’s stock valued at $15,103,000 after purchasing an additional 1,307,855 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of FGL by 146.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,085,443 shares of the company’s stock valued at $22,210,000 after purchasing an additional 1,239,869 shares in the last quarter. State Street Corp boosted its position in shares of FGL by 35.5% during the fourth quarter. State Street Corp now owns 4,047,505 shares of the company’s stock valued at $43,106,000 after purchasing an additional 1,061,323 shares in the last quarter. Principal Financial Group Inc. raised its stake in FGL by 9,490.1% during the fourth quarter. Principal Financial Group Inc. now owns 1,033,238 shares of the company’s stock valued at $11,004,000 after buying an additional 1,022,464 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in FGL by 141.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,494,749 shares of the company’s stock valued at $15,920,000 after buying an additional 876,795 shares during the last quarter. Institutional investors own 67.92% of the company’s stock.

FGL Company Profile

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.

Read More: What is a dividend reinvestment plan?

Receive News & Ratings for FGL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FGL and related companies with MarketBeat.com's FREE daily email newsletter.