F&G Annuities & Life (NYSE:FG - Get Free Report) had its price target cut by equities research analysts at Barclays from $45.00 to $44.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price objective would suggest a potential upside of 3.87% from the company's previous close.
Separately, Piper Sandler upped their target price on F&G Annuities & Life from $40.00 to $46.00 and gave the company a "neutral" rating in a research report on Wednesday, October 2nd.
View Our Latest Analysis on FG
F&G Annuities & Life Stock Performance
NYSE FG traded down $0.27 during trading on Tuesday, reaching $42.36. The company's stock had a trading volume of 36,586 shares, compared to its average volume of 92,171. The firm has a 50 day moving average price of $41.47 and a 200 day moving average price of $40.41. F&G Annuities & Life has a 12 month low of $27.90 and a 12 month high of $48.71. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 21.61 and a beta of 1.20. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.
F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.12. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.36 billion. F&G Annuities & Life had a net margin of 6.25% and a return on equity of 13.94%. As a group, equities analysts anticipate that F&G Annuities & Life will post 4.32 EPS for the current fiscal year.
Institutional Investors Weigh In On F&G Annuities & Life
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Scarborough Advisors LLC acquired a new stake in shares of F&G Annuities & Life in the fourth quarter valued at about $70,000. Iron Horse Wealth Management LLC lifted its position in shares of F&G Annuities & Life by 723.4% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 2,923 shares of the company's stock worth $111,000 after purchasing an additional 2,568 shares during the period. SG Americas Securities LLC acquired a new stake in shares of F&G Annuities & Life during the third quarter worth $169,000. Convergence Investment Partners LLC bought a new position in F&G Annuities & Life during the second quarter worth $205,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in F&G Annuities & Life during the second quarter valued at $215,000. Institutional investors own 95.86% of the company's stock.
About F&G Annuities & Life
(
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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.
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