F&G Annuities & Life (NYSE:FG) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• F&G Annuities & Life was upgraded to a "hold" rating from a "sell" rating by Wall Street Zen, signaling potential positive sentiment among analysts.
• Barclays reduced its price objective for F&G Annuities & Life from $40 to $37 while maintaining an "equal weight" rating, indicating a cautious outlook.
• F&G Annuities & Life reported an EPS of $0.72 for its last quarter, which was below the consensus estimate of $1.19, despite a significant revenue of $2.18 billion exceeding analyst expectations.

Wall Street Zen upgraded shares of F&G Annuities & Life (NYSE:FG - Free Report) from a sell rating to a hold rating in a research note released on Tuesday morning.

Separately, Barclays dropped 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 report on Monday, July 7th.

F&G Annuities & Life Price Performance

NYSE:FG traded up $0.18 during trading hours on Tuesday, hitting $34.29. 137,423 shares of the company's stock traded hands, compared to its average volume of 231,087. F&G Annuities & Life has a 52 week low of $30.01 and a 52 week high of $50.75. The business's fifty day simple moving average is $31.88 and its two-hundred day simple moving average is $36.01. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.50. The firm has a market cap of $4.62 billion, a P/E ratio of 13.82 and a beta of 1.55.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.13. The firm had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $1.35 billion. F&G Annuities & Life had a return on equity of 11.65% and a net margin of 6.45%. On average, research analysts anticipate that F&G Annuities & Life will post 5.54 earnings per share for the current fiscal year.

F&G Annuities & Life Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.6%. F&G Annuities & Life's dividend payout ratio is currently 23.34%.

Insider Transactions at F&G Annuities & Life

In other F&G Annuities & Life news, CEO Christopher O. Blunt purchased 5,000 shares of the firm's stock in a transaction on Friday, May 16th. The shares were purchased at an average cost of $32.11 per share, with a total value of $160,550.00. Following the completion of the purchase, the chief executive officer owned 894,964 shares of the company's stock, valued at $28,737,294.04. The trade was a 0.56% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased a total of 35,000 shares of company stock valued at $1,091,900 over the last ninety days. 2.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On F&G Annuities & Life

Institutional investors and hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. grew its stake in shares of F&G Annuities & Life by 476.6% during the fourth quarter. Federated Hermes Inc. now owns 888 shares of the company's stock valued at $37,000 after buying an additional 734 shares during the last quarter. Quarry LP purchased a new stake in F&G Annuities & Life during the 1st quarter valued at about $44,000. Cubist Systematic Strategies LLC bought a new position in F&G Annuities & Life during the 1st quarter worth approximately $89,000. CWM LLC grew its position in F&G Annuities & Life by 737.0% during the 2nd quarter. CWM LLC now owns 2,963 shares of the company's stock worth $95,000 after acquiring an additional 2,609 shares during the last quarter. Finally, State of Wyoming purchased a new position in F&G Annuities & Life in the 1st quarter worth approximately $96,000. Institutional investors own 95.86% of the company's stock.

F&G Annuities & Life Company Profile

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.