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

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 on Saturday.

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

F&G Annuities & Life Price Performance

Shares of FG stock traded down $0.40 during trading hours on Friday, hitting $30.35. The company had a trading volume of 51,165 shares, compared to its average volume of 158,309. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 8.03 and a beta of 1.55. F&G Annuities & Life has a 12 month low of $30.10 and a 12 month high of $50.75. The firm's fifty day moving average is $32.06 and its 200 day moving average is $37.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.19 by ($0.47). The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $1.46 billion. F&G Annuities & Life had a return on equity of 12.89% and a net margin of 9.90%. On average, sell-side analysts predict that F&G Annuities & Life will post 5.54 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Christopher O. Blunt bought 15,000 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were purchased at an average price of $30.78 per share, with a total value of $461,700.00. Following the purchase, the chief executive officer owned 889,964 shares of the company's stock, valued at approximately $27,393,091.92. This trade represents a 1.71% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have acquired 45,000 shares of company stock valued at $1,399,900. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FG. Castlekeep Investment Advisors LLC purchased a new position in F&G Annuities & Life during the 4th quarter valued at about $1,717,000. Mutual Advisors LLC acquired a new position in F&G Annuities & Life in the first quarter valued at about $631,000. GAMMA Investing LLC lifted its position in shares of F&G Annuities & Life by 4,236.3% during the first quarter. GAMMA Investing LLC now owns 12,185 shares of the company's stock worth $439,000 after purchasing an additional 11,904 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in 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 valued at $17,123,000 after purchasing an additional 42,081 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of F&G Annuities & Life by 311.5% during the fourth quarter. Millennium Management LLC now owns 50,443 shares of the company's stock worth $2,090,000 after purchasing an additional 38,185 shares during the period. 95.86% of the stock is owned by hedge funds and other institutional investors.

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.