F&G Annuities & Life (NYSE:FG) Given “Equal Weight” Rating at Stephens

F&G Annuities & Life (NYSE:FG)‘s stock had its “equal weight” rating reiterated by analysts at Stephens in a research note issued on Monday,Benzinga reports. They presently have a $47.00 price target on the stock. Stephens’ price objective indicates a potential upside of 17.37% from the stock’s current price.

Separately, Barclays lifted their price target on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th.

F&G Annuities & Life Trading Down 0.3 %

Shares of NYSE:FG traded down $0.14 during mid-day trading on Monday, reaching $40.05. 10,599 shares of the company’s stock were exchanged, compared to its average volume of 72,634. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 8.26 and a beta of 1.66. F&G Annuities & Life has a twelve month low of $34.90 and a twelve month high of $50.75. The business’s fifty day moving average price is $43.37 and its 200-day moving average price is $43.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13). The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.34 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. On average, research analysts predict that F&G Annuities & Life will post 5.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its holdings in shares of F&G Annuities & Life by 1,386.8% in the 3rd quarter. Blue Trust Inc. now owns 565 shares of the company’s stock worth $25,000 after purchasing an additional 527 shares during the period. Federated Hermes Inc. lifted its stake in shares of F&G Annuities & Life by 476.6% during the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock valued at $37,000 after buying an additional 734 shares in the last quarter. BNP Paribas Financial Markets bought a new position in F&G Annuities & Life in the 4th quarter worth approximately $114,000. AlphaQuest LLC boosted its holdings in F&G Annuities & Life by 314,200.0% in the 4th quarter. AlphaQuest LLC now owns 3,143 shares of the company’s stock worth $130,000 after buying an additional 3,142 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in F&G Annuities & Life in the 4th quarter valued at approximately $141,000. 95.86% of the stock is 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.