F&G Annuities & Life (NYSE:FG) Price Target Cut to $44.00

F&G Annuities & Life (NYSE:FG) had its price objective cut by 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 indicates a potential upside of 3.31% from the company’s previous close.

Separately, Piper Sandler raised their price objective 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.

F&G Annuities & Life Trading Down 0.1 %

Shares of FG traded down $0.04 on Tuesday, reaching $42.59. 17,342 shares of the company’s stock were exchanged, compared to its average volume of 92,070. F&G Annuities & Life has a 12 month low of $27.90 and a 12 month high of $48.71. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $5.37 billion, a P/E ratio of 21.76 and a beta of 1.20. The business has a 50 day moving average price of $41.48 and a two-hundred day moving average price of $40.39.

F&G Annuities & Life (NYSE:FG) last announced its earnings results on Monday, August 5th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.12. F&G Annuities & Life had a net margin of 6.25% and a return on equity of 13.94%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.36 billion. Research analysts anticipate that F&G Annuities & Life will post 4.32 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FG. State Board of Administration of Florida Retirement System lifted its holdings in F&G Annuities & Life by 258.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 19,270 shares of the company’s stock worth $781,000 after buying an additional 13,890 shares during the period. Vanguard Group Inc. increased its holdings in F&G Annuities & Life by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 1,878,492 shares of the company’s stock worth $76,173,000 after purchasing an additional 21,253 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in F&G Annuities & Life during the 1st quarter valued at $510,000. Denali Advisors LLC increased its stake in F&G Annuities & Life by 14,687.8% in the 2nd quarter. Denali Advisors LLC now owns 17,006 shares of the company’s stock valued at $647,000 after buying an additional 16,891 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of F&G Annuities & Life by 218.2% during the 2nd quarter. American Century Companies Inc. now owns 118,592 shares of the company’s stock valued at $4,512,000 after purchasing an additional 81,328 shares during the last quarter. 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.