Barclays Issues Positive Forecast for F&G Annuities & Life (NYSE:FG) Stock Price

F&G Annuities & Life (NYSE:FG) had its target price lifted by Barclays from $46.00 to $47.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 13.88% from the stock’s current price.

Separately, Piper Sandler lifted their price objective on F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd.

F&G Annuities & Life Stock Performance

Shares of NYSE FG traded down $1.12 during mid-day trading on Monday, hitting $41.27. 38,337 shares of the company were exchanged, compared to its average volume of 44,801. The stock has a 50 day simple moving average of $44.35 and a 200-day simple moving average of $42.50. F&G Annuities & Life has a 1-year low of $34.90 and a 1-year high of $50.75. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of -687.72 and a beta of 1.64.

F&G Annuities & Life (NYSE:FG) last released its earnings results on Wednesday, November 6th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.19 by $0.03. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.18 billion. F&G Annuities & Life had a net margin of 0.22% and a return on equity of 13.05%. During the same quarter last year, the business earned $0.96 EPS. On average, sell-side 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 added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its stake in shares of F&G Annuities & Life by 23.1% during the 3rd quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock worth $5,381,000 after buying an additional 22,550 shares during the last quarter. Barclays PLC raised its position in shares of F&G Annuities & Life by 527.8% during the 3rd quarter. Barclays PLC now owns 42,524 shares of the company’s stock worth $1,902,000 after purchasing an additional 35,750 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of F&G Annuities & Life during the 3rd quarter worth approximately $521,000. Denali Advisors LLC grew its holdings in F&G Annuities & Life by 14,687.8% during 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, Geode Capital Management LLC increased its position in F&G Annuities & Life by 0.9% during the third quarter. Geode Capital Management LLC now owns 405,047 shares of the company’s stock worth $18,117,000 after buying an additional 3,453 shares in the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

About F&G Annuities & Life

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.