FGL (NYSE:FG) issued its earnings results on Wednesday. The company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.04, Briefing.com reports. The firm had revenue of $455.00 million for the quarter, compared to the consensus estimate of $381.83 million. FGL had a return on equity of 17.88% and a net margin of 20.16%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS.
NYSE:FG traded up $0.08 during trading hours on Thursday, hitting $9.15. 1,509,738 shares of the company were exchanged, compared to its average volume of 1,006,498. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 7.69 and a beta of 1.05. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.24. FGL has a one year low of $5.93 and a one year high of $9.87. The company has a fifty day simple moving average of $8.47 and a 200 day simple moving average of $8.24.
In related news, major shareholder Blackstone Group Inc bought 197,474 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average cost of $7.25 per share, with a total value of $1,431,686.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Patrick Baird bought 7,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average cost of $6.99 per share, with a total value of $48,930.00. Following the completion of the transaction, the director now owns 37,816 shares in the company, valued at $264,333.84. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,443,844 shares of company stock valued at $11,119,262. 15.10% of the stock is owned by corporate insiders.
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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