Barclays Starts FGL Holdings (FG) at Equalweight

Barclays analyst Alex Scott initiates coverage on FGL Holdings (NYSE: FG) with a Equalweight rating and a price target of $45.00.

The analyst comments "Our Equal Weight view on FG is based on the favorable growth profile of the business and ROE improvement expected over the next few years, offset by the higher invested asset risk profile. FG has made a lot of progress in expanding its capabilities over the past few years with RILA offering and PRT capabilities now. This all gives the company an attractive growth trajectory, by our analysis. We view the partnership with Blackstone as continuing to benefit FG given the access to direct loan origination capabilities. However, we are cognizant of the environment and FG's credit risk and larger allocation to private debt makes the equity story a bit more vulnerable over the next 12 months, limiting our excitement about the growth."

For an analyst ratings summary and ratings history on FGL Holdings click here. For more ratings news on FGL Holdings click here.

Shares of FGL Holdings closed at $42.30 yesterday.

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