Streetbeat News

FGF

FG Financial Group, Inc.

https://www.fgfinancial.com

Industry

Insurance - Diversified

FG Financial Group, Inc. operates as a reinsurance and investment management holding company in the United States. The company offers specialty property and casualty reinsurance products and services. It also operates a special purpose acquisition company platform (SPAC) that provides various strategic, administrative, and regulatory support services to newly formed SPACs for a monthly fee. The company was formerly known as 1347 Property Insurance Holdings, Inc. and changed its name to FG Financial Group, Inc. in December 2020. The company was incorporated in 2012 and is based in St. Petersburg, Florida.

Open

16.91

Mkt cap

23M

Volume

28K

High

18.49

P/E Ratio

0.86

52-wk high

44.00

Low

16.59

Div yield

N/A

52-wk low

14.21

Fundamental Global (FGF) shares are trading higher following the announcement of acquiring Strong/MDI Screen Systems through FG Acquisition Corp. for a $30 million valuation.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:59 pm

Fundamental Global Inc. (FGF) and its subsidiary, Strong Global Entertainment, Inc. (SGE), announced the proposed acquisition of Strong/MDI Screen Systems, Inc. by FG Acquisition Corp. (FGAA) for a $30M valuation. The acquisition, part of Fundamental Global's strategic objectives, aims to provide MDI with greater access to Canadian financial markets and unlock value for Strong Global and Fundamental Global. The purchase will be paid with cash, preferred shares, and common shares of FGAC, which will be renamed Saltire Holdings, Ltd. upon closing.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:51 pm

Fundamental Global (FGF) has completed the sale of the Digital Ignition building and its wholly owned subsidiary for $6.5 million. This strategic move could indicate a shift in the company's focus or a reallocation of resources for future investments.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:35 pm

FG Financial Group (FGF) reported a Q4 EPS of $(0.06), a decrease from $(0.03) year-over-year. However, their sales increased to $6.95M from $4.91M in the same period.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:35 pm

FG Financial Group (FGF) reported a Q4 EPS loss of $(0.06), doubling the loss from $(0.03) YoY. However, sales increased by 41.68% to $6.95M from $4.91M YoY.

Portfolio Pulse from Happy Mohamed

March 14, 2024 | 8:33 pm

Fundamental Global reported Q4 net insurance premiums earned of $5.1M and an EPS of $0.21.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:22 pm

In Friday's intraday session, insurance stocks saw significant movements. Marpai, Mercury General, American Coastal, FG Finl Gr, Employers Holdings, and Palomar Hldgs were among the gainers, with increases ranging from 1.98% to 13.0%. On the downside, CNA Financial, GoHealth, Waterdrop, Oxbridge Re Holdings, Maiden Hldgs, and Fanhua experienced declines between 2.78% and 5.33%. Notably, Mercury General, Employers Holdings, and Palomar Hldgs recently released their Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 5:40 pm

Insurance stocks showed notable movements in Thursday's intraday session. Cheche Group (CCG) led the gainers with a 17.89% increase, while Conifer Holdings (CNFR) experienced the largest drop, falling 8.34%. Other notable movers included Mercury General (MCY) and Prudential Financial (PRU) with significant gains, and Waterdrop (WDH) and Investors Title (ITIC) with notable losses. The movements were attributed to various factors including recent earnings reports.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 5:40 pm

In Monday's intraday session, several insurance stocks experienced significant movements. Notable gainers include Hippo Holdings, Trupanion, Huize Holding, James River Group Holdings, SelectQuote, and Greenlight Capital Re, with increases ranging from 3.97% to 11.54%. On the losing side, FG Financial Group, Tian Ruixiang Holdings, Marpai, Crawford, Oscar Health, and Reliance Global Group saw declines between 1.59% and 8.92%. The movements reflect individual company dynamics and broader industry trends.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 5:40 pm

Insurance stocks experienced notable movements in Monday's intraday session. Gainers included Waterdrop, FG Finl Gr, Goosehead Insurance, Axis Capital Holdings, Abacus Life, and HCI Group with increases ranging from 1.21% to 7.46%. Losers were Crawford, Tian Ruixiang Holdings, Root, James River Gr Hldgs, Huize Holding, and FG Finl Gr with decreases between 4.42% and 5.92%. The movements reflect individual company dynamics and broader industry trends.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 5:40 pm

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