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.

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

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

F&G Annuities & Life Price Performance

NYSE:FG opened at $31.70 on Tuesday. F&G Annuities & Life has a one year low of $30.01 and a one year high of $50.75. The company has a market cap of $4.27 billion, a P/E ratio of 8.41 and a beta of 1.55. The firm's fifty day moving average price is $31.79 and its two-hundred day moving average price is $36.12. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27.

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

Insider Transactions at F&G Annuities & Life

In related news, CEO Christopher O. Blunt acquired 15,000 shares of F&G Annuities & Life stock in a transaction dated 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 transaction, the chief executive officer directly owned 889,964 shares in the company, valued at $27,393,091.92. This represents a 1.71% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have purchased 45,000 shares of company stock worth $1,399,900. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of F&G Annuities & Life

Large investors have recently modified their holdings of the stock. Federated Hermes Inc. grew its position in F&G Annuities & Life by 476.6% in the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company's stock valued at $37,000 after purchasing an additional 734 shares during the period. Quarry LP acquired a new stake in F&G Annuities & Life in the 1st quarter valued at $44,000. Cubist Systematic Strategies LLC acquired a new stake in F&G Annuities & Life in the 1st quarter valued at $89,000. CWM LLC grew its position in F&G Annuities & Life by 737.0% in the 2nd quarter. CWM LLC now owns 2,963 shares of the company's stock valued at $95,000 after purchasing an additional 2,609 shares during the period. Finally, State of Wyoming acquired a new stake in F&G Annuities & Life in the 1st quarter valued at $96,000. Institutional investors and hedge funds 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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