Wall Street Zen Upgrades F&G Annuities & Life (NYSE:FG) to “Buy”

F&G Annuities & Life (NYSE:FG) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other research analysts also recently issued reports about the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of F&G Annuities & Life in a research note on Tuesday, October 14th. Barclays dropped their price target on F&G Annuities & Life from $40.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 8th. Zacks Research raised F&G Annuities & Life from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Finally, Piper Sandler set a $33.00 target price on F&G Annuities & Life in a research report on Tuesday, October 7th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $38.33.

F&G Annuities & Life Trading Up 2.1%

NYSE FG opened at $29.71 on Friday. F&G Annuities & Life has a 12 month low of $28.70 and a 12 month high of $50.75. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 11.98 and a beta of 1.48. The company’s fifty day moving average price is $31.92 and its two-hundred day moving average price is $32.39.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data on Tuesday, October 3rd. The company reported $1.45 EPS for the quarter. F&G Annuities & Life had a net margin of 6.45% and a return on equity of 11.51%. The firm had revenue of $496.00 million for the quarter. As a group, research analysts predict that F&G Annuities & Life will post 5.54 earnings per share for the current fiscal year.

Insider Activity at F&G Annuities & Life

In other news, EVP Leena Punjabi sold 3,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the transaction, the executive vice president directly owned 64,064 shares of the company’s stock, valued at approximately $2,166,003.84. This trade represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Fidelity National Financial Inc. boosted its stake in F&G Annuities & Life by 4.2% during the first quarter. Fidelity National Financial Inc. now owns 110,942,551 shares of the company’s stock valued at $3,999,479,000 after buying an additional 4,500,000 shares in the last quarter. Wellington Management Group LLP bought a new position in F&G Annuities & Life during the first quarter valued at about $1,527,000. Mutual Advisors LLC bought a new position in F&G Annuities & Life during the first quarter valued at about $631,000. American Century Companies Inc. boosted its stake in F&G Annuities & Life by 26.6% during the first quarter. American Century Companies Inc. now owns 296,101 shares of the company’s stock valued at $10,674,000 after buying an additional 62,201 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of F&G Annuities & Life by 12.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 227,072 shares of the company’s stock valued at $8,186,000 after purchasing an additional 25,570 shares during the period. 95.86% of the stock is owned by institutional investors and hedge funds.

About F&G Annuities & Life

F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.