F&G Annuities & Life (NYSE:FG) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of F&G Annuities & Life (NYSE:FG) from a hold rating to a buy rating in a report released on Saturday.

Several other brokerages have also issued reports on FG. Weiss Ratings reaffirmed a “hold (c)” rating on shares of F&G Annuities & Life in a research report on Monday, December 29th. Zacks Research downgraded F&G Annuities & Life from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Barclays set a $31.00 target price on F&G Annuities & Life in a report on Thursday, January 8th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $37.00.

F&G Annuities & Life Stock Performance

NYSE:FG opened at $28.41 on Friday. The stock has a market cap of $3.82 billion, a P/E ratio of 8.33 and a beta of 1.46. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.45. The stock’s 50-day moving average is $30.45 and its 200-day moving average is $31.56. F&G Annuities & Life has a 1-year low of $26.45 and a 1-year high of $47.76.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.20. F&G Annuities & Life had a net margin of 8.40% and a return on equity of 11.41%. The business had revenue of $737.00 million during the quarter, compared to analyst estimates of $1.40 billion. Equities research analysts anticipate that F&G Annuities & Life will post 5.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Christopher O. Blunt acquired 5,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was purchased at an average price of $29.56 per share, for a total transaction of $147,800.00. Following the completion of the acquisition, the chief executive officer directly owned 1,117,396 shares in the company, valued at $33,030,225.76. The trade was a 0.45% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.10% of the company’s stock.

Institutional Trading of F&G Annuities & Life

Institutional investors have recently made changes to their positions in the company. Elevated Capital Advisors LLC bought a new position in F&G Annuities & Life in the 4th quarter valued at $27,000. Harbor Capital Advisors Inc. raised its position in F&G Annuities & Life by 474.5% in the third quarter. Harbor Capital Advisors Inc. now owns 902 shares of the company’s stock worth $28,000 after acquiring an additional 745 shares during the period. GAMMA Investing LLC boosted its stake in F&G Annuities & Life by 432.6% in the fourth quarter. GAMMA Investing LLC now owns 932 shares of the company’s stock valued at $29,000 after acquiring an additional 757 shares during the last quarter. Allworth Financial LP grew its position in shares of F&G Annuities & Life by 276.0% during the 4th quarter. Allworth Financial LP now owns 1,173 shares of the company’s stock valued at $36,000 after acquiring an additional 861 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of F&G Annuities & Life by 83.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,211 shares of the company’s stock worth $38,000 after purchasing an additional 552 shares during the last quarter. Institutional investors own 95.86% of the company’s stock.

F&G Annuities & Life Company Profile

F&G Annuities & Life is the principal life insurance and annuity subsidiary of F&G Financial Group, Inc (NYSE: FG), a publicly traded financial services holding company headquartered in Des Moines, Iowa. The company focuses on designing and issuing retirement income solutions that address longevity risk, capital preservation, and wealth transfer for individual and institutional clients.

Its product suite includes fixed indexed annuities, which offer the potential for market-linked growth with downside protection; fixed-rate annuities, delivering guaranteed interest over a defined term; and a range of life insurance policies such as term, universal, and variable universal life.