F&G Annuities & Life (NYSE:FG) Lowered to Sell Rating by Wall Street Zen

Key Points

• F&G Annuities & Life has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, reflecting concerns about its future performance.
• Barclays has reduced its target price for F&G Annuities & Life shares from $40.00 to $37.00, indicating cautious sentiment among analysts.
• Insider transactions have shown increased confidence, with CEO Christopher O. Blunt purchasing 15,000 shares at an average price of $30.78 per share.

F&G Annuities & Life (NYSE:FG - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Monday.

Separately, Barclays decreased their target price on shares of F&G Annuities & Life from $40.00 to $37.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th.

F&G Annuities & Life Price Performance

FG opened at $32.21 on Monday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.50. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 8.54 and a beta of 1.55. The stock has a fifty day simple moving average of $31.81 and a two-hundred day simple moving average of $36.54. F&G Annuities & Life has a 12-month low of $30.01 and a 12-month high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $1.19 by ($0.47). F&G Annuities & Life had a return on equity of 12.89% and a net margin of 9.90%. The business had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $1.46 billion. Research analysts predict that F&G Annuities & Life will post 5.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Christopher O. Blunt bought 15,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was bought at an average price of $30.78 per share, with a total value of $461,700.00. Following the acquisition, the chief executive officer owned 889,964 shares of the company's stock, valued at approximately $27,393,091.92. This represents a 1.71% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased a total of 45,000 shares of company stock worth $1,399,900 over the last quarter. 2.10% of the stock is owned by insiders.

Hedge Funds Weigh In On F&G Annuities & Life

Large investors have recently made changes to their positions in the business. Fidelity National Financial Inc. increased its holdings in F&G Annuities & Life by 4.2% in the 1st quarter. Fidelity National Financial Inc. now owns 110,942,551 shares of the company's stock valued at $3,999,479,000 after acquiring an additional 4,500,000 shares during the last quarter. Vanguard Group Inc. grew its position in shares of F&G Annuities & Life by 8.9% during the first quarter. Vanguard Group Inc. now owns 2,029,913 shares of the company's stock valued at $73,178,000 after purchasing an additional 165,489 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of F&G Annuities & Life during the fourth quarter valued at about $72,007,000. Dimensional Fund Advisors LP increased its holdings in shares of F&G Annuities & Life by 11.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company's stock worth $17,123,000 after purchasing an additional 42,081 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of F&G Annuities & Life in the fourth quarter worth about $14,321,000. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

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.

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