Wall Street Zen Downgrades F&G Annuities & Life (NYSE:FG) to Sell

F&G Annuities & Life (NYSE:FG - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Separately, Barclays dropped their price objective 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 stock opened at $30.77 on Friday. The firm has a 50 day moving average of $32.06 and a 200-day moving average of $37.34. F&G Annuities & Life has a 12-month low of $30.10 and a 12-month high of $50.75. 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 $4.15 billion, a price-to-earnings ratio of 8.16 and a beta of 1.55.

F&G Annuities & Life (NYSE:FG - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.46 billion. As a group, equities analysts expect that F&G Annuities & Life will post 5.54 EPS for the current fiscal year.

Insider Buying and Selling

In other F&G Annuities & Life news, CEO Christopher O. Blunt bought 5,000 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was purchased at an average cost of $32.11 per share, for a total transaction 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. This trade represents a 0.56% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have purchased 45,000 shares of company stock valued at $1,399,900. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On F&G Annuities & Life

Institutional investors have recently added to or reduced their stakes in the business. Castlekeep Investment Advisors LLC acquired a new position in F&G Annuities & Life in the fourth quarter valued at $1,717,000. GAMMA Investing LLC grew its stake in shares of F&G Annuities & Life by 4,236.3% during the 1st quarter. GAMMA Investing LLC now owns 12,185 shares of the company's stock valued at $439,000 after buying an additional 11,904 shares during the period. Mutual Advisors LLC purchased a new stake in shares of F&G Annuities & Life during the 1st quarter valued at $631,000. Dimensional Fund Advisors LP grew its stake in shares of F&G Annuities & Life by 11.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company's stock valued at $17,123,000 after buying an additional 42,081 shares during the period. Finally, Millennium Management LLC grew its stake in shares of F&G Annuities & Life by 311.5% during the 4th quarter. Millennium Management LLC now owns 50,443 shares of the company's stock valued at $2,090,000 after buying an additional 38,185 shares during the period. 95.86% of the stock is currently owned by institutional investors and hedge funds.

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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