Weiss Ratings Reaffirms "Hold (C+)" Rating for F&G Annuities & Life (NYSE:FG)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C+)" rating for F&G Annuities & Life, indicating a cautious stance on the company's stock performance.
• A number of firms have adjusted their price targets for F&G Annuities & Life, with Barclays lowering its target from $40 to $35, while Zacks upgraded the stock from a "strong sell" to a "hold" rating.
• F&G Annuities & Life reported earnings of $1.45 per share for the last quarter, alongside revenues of $496 million, demonstrating a return on equity of 11.51% and a net margin of 6.45%.

F&G Annuities & Life (NYSE:FG - Get Free Report)'s stock had its "hold (c+)" rating reissued by Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.

A number of other research firms have also commented on FG. Barclays dropped their price objective on F&G Annuities & Life from $40.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 8th. Zacks Research upgraded F&G Annuities & Life from a "strong sell" rating to a "hold" rating in a research note on Monday, September 1st. Piper Sandler set a $33.00 price objective on F&G Annuities & Life in a research note on Tuesday, October 7th. Finally, Wall Street Zen lowered F&G Annuities & Life from a "buy" rating to a "hold" rating in a research note on Saturday. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, F&G Annuities & Life has a consensus rating of "Hold" and a consensus price target of $38.33.

F&G Annuities & Life Stock Up 2.2%

NYSE FG traded up $0.65 during trading on Tuesday, hitting $29.56. 79,281 shares of the company traded hands, compared to its average volume of 217,150. F&G Annuities & Life has a 12 month low of $28.78 and a 12 month high of $50.75. The business has a fifty day simple moving average of $33.29 and a 200 day simple moving average of $32.97. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $3.98 billion, a P/E ratio of 11.92 and a beta of 1.49.

F&G Annuities & Life (NYSE:FG - Get Free Report) last posted its earnings results on Tuesday, October 3rd. The company reported $1.45 earnings per share for the quarter. The company had revenue of $496.00 million for the quarter. F&G Annuities & Life had a return on equity of 11.51% and a net margin of 6.45%. As a group, sell-side analysts predict that F&G Annuities & Life will post 5.54 EPS for the current year.

Insider Transactions at F&G Annuities & Life

In related news, EVP Leena Punjabi sold 3,000 shares of the business's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $33.81, for a total transaction of $101,430.00. Following the transaction, the executive vice president directly owned 64,064 shares in the company, valued at $2,166,003.84. The trade was a 4.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On F&G Annuities & Life

Several large investors have recently modified their holdings of FG. Quarry LP bought a new stake in shares of F&G Annuities & Life in the 1st quarter valued at approximately $44,000. Ameritas Investment Partners Inc. boosted its holdings in shares of F&G Annuities & Life by 18.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,174 shares of the company's stock worth $70,000 after acquiring an additional 337 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of F&G Annuities & Life in the 1st quarter worth approximately $89,000. CWM LLC boosted its holdings in shares of F&G Annuities & Life by 737.0% in 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 in the last quarter. Finally, State of Wyoming acquired a new position in shares of F&G Annuities & Life in the 1st quarter worth approximately $96,000. 95.86% of the stock is currently owned by institutional investors.

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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