Barclays Forecasts Strong Price Appreciation for F&G Annuities & Life (NYSE:FG) Stock

F&G Annuities & Life (NYSE:FG - Get Free Report) had its target price upped by research analysts at Barclays from $46.00 to $47.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective points to a potential upside of 13.25% from the company's previous close.

Separately, Piper Sandler boosted their price objective on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd.

F&G Annuities & Life Stock Down 2.1 %

NYSE FG traded down $0.89 on Monday, reaching $41.50. 102,848 shares of the stock traded hands, compared to its average volume of 67,549. F&G Annuities & Life has a 12 month low of $34.90 and a 12 month high of $50.75. The company has a market cap of $5.23 billion, a price-to-earnings ratio of -691.55 and a beta of 1.64. The company has a fifty day moving average price of $44.35 and a 200-day moving average price of $42.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.03. F&G Annuities & Life had a return on equity of 13.05% and a net margin of 0.22%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the company posted $0.96 earnings per share. As a group, research analysts forecast that F&G Annuities & Life will post 4.43 EPS for the current fiscal year.

Institutional Trading of F&G Annuities & Life

A number of institutional investors have recently made changes to their positions in FG. Blue Trust Inc. raised its stake in F&G Annuities & Life by 1,386.8% in the third quarter. Blue Trust Inc. now owns 565 shares of the company's stock valued at $25,000 after buying an additional 527 shares during the last quarter. Iron Horse Wealth Management LLC boosted its stake in F&G Annuities & Life by 10.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 3,235 shares of the company's stock worth $145,000 after purchasing an additional 312 shares in the last quarter. SG Americas Securities LLC acquired a new position in F&G Annuities & Life during the 3rd quarter valued at approximately $169,000. Oppenheimer Asset Management Inc. purchased a new position in shares of F&G Annuities & Life in the second quarter worth $215,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of F&G Annuities & Life during the third quarter worth $231,000. Institutional investors and hedge funds own 95.86% of the company's stock.

F&G Annuities & Life Company Profile

F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance, institutional funding agreements, and index-linked annuities.