FGL Holdings (FG) Expected to Post Earnings of $0.32 Per Share
Equities analysts expect FGL Holdings (NYSE:FG) to announce earnings per share (EPS) of $0.32 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for FGL’s earnings. FGL posted earnings per share of $0.27 in the same quarter last year, which suggests a positive year over year growth rate of 18.5%. The firm is expected to issue its next earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that FGL will report full-year earnings of $1.41 per share for the current fiscal year. For the next year, analysts expect that the business will report earnings of $1.69 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for FGL.
FGL (NYSE:FG) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.06. The company had revenue of $600.00 million for the quarter, compared to analysts’ expectations of $368.89 million. FGL had a return on equity of 20.91% and a net margin of 20.50%. During the same quarter in the previous year, the firm posted $0.28 earnings per share.
Shares of FG traded down $0.15 during midday trading on Monday, reaching $8.68. 804,296 shares of the company were exchanged, compared to its average volume of 793,683. The stock has a market cap of $1.96 billion, a PE ratio of 7.29 and a beta of 1.05. FGL has a 1-year low of $5.93 and a 1-year high of $9.63. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.20 and a quick ratio of 0.20.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 28th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Friday, May 24th. FGL’s dividend payout ratio (DPR) is 3.36%.
In other FGL news, Director Richard N. Massey purchased 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average price of $8.44 per share, for a total transaction of $422,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher O. Blunt purchased 100,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $8.54 per share, for a total transaction of $854,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 180,000 shares of company stock worth $1,527,700. Insiders own 15.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in FG. OMERS ADMINISTRATION Corp bought a new stake in FGL in the fourth quarter valued at about $342,000. Geode Capital Management LLC increased its holdings in FGL by 14.1% in the fourth quarter. Geode Capital Management LLC now owns 1,829,751 shares of the company’s stock valued at $12,185,000 after buying an additional 226,275 shares during the last quarter. MFN Partners Management LP bought a new stake in FGL in the fourth quarter valued at about $2,429,000. Next Capital Management LLC bought a new stake in FGL in the fourth quarter valued at about $503,000. Finally, AQR Capital Management LLC bought a new stake in FGL in the third quarter valued at about $653,000. Institutional investors and hedge funds own 72.19% of the company’s stock.
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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