F&G Annuities & Life (NYSE:FG) PT Raised to $46.00 at Piper Sandler

F&G Annuities & Life (NYSE:FG) had its price target upped by equities researchers at Piper Sandler from $40.00 to $46.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price objective points to a potential upside of 8.59% from the stock’s current price.

Separately, Barclays initiated coverage on shares of F&G Annuities & Life in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $45.00 price target on the stock.

F&G Annuities & Life Stock Down 2.4 %

NYSE FG opened at $42.36 on Wednesday. F&G Annuities & Life has a twelve month low of $26.12 and a twelve month high of $48.71. The stock has a market cap of $5.34 billion, a PE ratio of 21.61 and a beta of 1.20. The firm has a 50-day simple moving average of $41.53 and a 200 day simple moving average of $40.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System boosted its stake in shares of F&G Annuities & Life by 258.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 19,270 shares of the company’s stock valued at $781,000 after purchasing an additional 13,890 shares in the last quarter. Vanguard Group Inc. lifted 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 valued at $76,173,000 after purchasing an additional 21,253 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in F&G Annuities & Life in the first quarter valued at about $510,000. Denali Advisors LLC grew its stake in F&G Annuities & Life by 14,687.8% during the second quarter. Denali Advisors LLC now owns 17,006 shares of the company’s stock worth $647,000 after buying an additional 16,891 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of F&G Annuities & Life by 218.2% during the second quarter. American Century Companies Inc. now owns 118,592 shares of the company’s stock worth $4,512,000 after buying an additional 81,328 shares in the last quarter. 95.86% of the stock is currently owned by institutional investors and hedge funds.

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.