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

Key Points

• F&G Annuities & Life was downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting a cautious outlook from analysts.
• Barclays has lowered the target price for F&G Annuities & Life from $40.00 to $35.00, indicating a shift in market expectations.
• The company's stock has recently seen a decline of 1.7%, trading at $29.16, with a 52-week range from $29.11 to $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

A number of other research firms have also recently commented on FG. Weiss Ratings restated a "hold (c)" rating on shares of F&G Annuities & Life in a research note on Saturday, September 27th. Zacks Research upgraded F&G Annuities & Life from a "strong sell" rating to a "hold" rating in a research note on Monday, September 1st. Barclays lowered their target price on F&G Annuities & Life from $40.00 to $35.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, Piper Sandler set a $33.00 price objective on F&G Annuities & Life in a research report on Tuesday. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, F&G Annuities & Life presently has an average rating of "Hold" and an average target price of $38.33.

F&G Annuities & Life Trading Down 1.7%

FG opened at $29.16 on Friday. The stock has a market cap of $3.93 billion, a PE ratio of 11.76 and a beta of 1.49. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average of $33.34 and a 200-day moving average of $33.06. F&G Annuities & Life has a 52 week low of $29.11 and a 52 week high of $50.75.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its earnings results on Tuesday, October 3rd. The company reported $1.45 EPS for the quarter. The company had revenue of $496.00 million during the quarter. F&G Annuities & Life had a return on equity of 11.51% and a net margin of 6.45%. Equities 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 F&G Annuities & Life news, EVP Leena Punjabi sold 3,000 shares of F&G Annuities & Life stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $33.81, for a total value of $101,430.00. Following the completion of the sale, the executive vice president 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.10% of the company's stock.

Institutional Trading of F&G Annuities & Life

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fidelity National Financial Inc. increased its holdings in shares of 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 worth $3,999,479,000 after purchasing an additional 4,500,000 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of F&G Annuities & Life by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 2,029,913 shares of the company's stock worth $73,178,000 after purchasing an additional 165,489 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of F&G Annuities & Life by 12.6% in the 2nd quarter. Geode Capital Management LLC now owns 509,212 shares of the company's stock worth $16,286,000 after purchasing an additional 57,032 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of F&G Annuities & Life by 23.4% in the 2nd quarter. American Century Companies Inc. now owns 365,343 shares of the company's stock worth $11,684,000 after purchasing an additional 69,242 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of F&G Annuities & Life in the 2nd quarter worth $8,503,000. Institutional investors own 95.86% of the company's stock.

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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