FGL (CFCOU) Now Covered by JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of FGL (NASDAQ:CFCOU) in a note issued to investors on Tuesday. The brokerage set a “neutral” rating on the stock.

Shares of FGL (CFCOU) traded up $0.11 during midday trading on Tuesday, hitting $10.81. The stock had a trading volume of 2,600 shares, compared to its average volume of 45,002. FGL has a fifty-two week low of $9.44 and a fifty-two week high of $13.80.

An institutional investor recently raised its position in FGL stock. Citigroup Inc. grew its position in FGL Holdings (NASDAQ:CFCOU) by 406.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,218,100 shares of the company’s stock after acquiring an additional 1,779,800 shares during the quarter. Citigroup Inc.’s holdings in FGL were worth $27,283,000 as of its most recent SEC filing.

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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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