FGL Holdings (NYSE:FG) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 1,001,554 shares, a growth of 54.2% from the January 12th total of 649,558 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 432,483 shares, the short-interest ratio is presently 2.3 days.
A number of equities research analysts have recently issued reports on FG shares. JPMorgan Chase & Co. started coverage on FGL in a research report on Tuesday, January 2nd. They issued a “neutral” rating for the company. Sandler O’Neill upgraded FGL from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Crestline Management LP acquired a new position in FGL in the fourth quarter valued at approximately $303,000. Bank of New York Mellon Corp acquired a new position in FGL in the fourth quarter valued at approximately $329,000. Virtu Financial LLC acquired a new position in FGL in the fourth quarter valued at approximately $373,000. Prana Capital Management LP acquired a new position in FGL in the fourth quarter valued at approximately $665,000. Finally, Maltese Capital Management LLC acquired a new position in FGL in the fourth quarter valued at approximately $1,007,000. Hedge funds and other institutional investors own 0.43% of the company’s stock.
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FGL Company Profile
FGL Holdings, formerly CF Corporation, is a holding company. Through its subsidiaries, the Company offers fixed annuities and life insurance products across the United States. The Company’s insurance subsidiaries include Fidelity & Guaranty Life Insurance Company (FGL Insurance), Fidelity & Guaranty Life Insurance Company of New York (FGL NY Insurance) and F & G Re Ltd.
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