Citigroup analyst Suneet Kamath maintained a Hold rating on FGL Holdings (FG) on September 13 and set a price target of $9. The company’s shares closed last Monday at $8.27.
According to TipRanks.com, Kamath is a 3-star analyst with an average return of 3.5% and a 52.6% success rate. Kamath covers the Financial sector, focusing on stocks such as Brighthouse Financial Inc, Prudential Financial Inc, and Ameriprise Financial.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for FGL Holdings with a $9.50 average price target.
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Based on FGL Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $379 million and net profit of $46 million. In comparison, last year the company earned revenue of $281 million and had a net profit of $20 million.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
FGL Holdings is an insurance company, which engages in aiding middle-income Americans prepare for retirement and attain financial security. The company was founded on February 26, 2016 and is headquartered in George Town, Cayman Islands.
