Barclays Issues Positive Forecast for F&G Annuities & Life (NYSE:FG) Stock Price

F&G Annuities & Life (NYSE:FG) had its target price upped by investment analysts at Barclays from $44.00 to $46.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 0.22% from the company’s previous close.

Separately, Piper Sandler raised their price objective on F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd.

F&G Annuities & Life Price Performance

Shares of NYSE:FG traded up $0.68 during trading hours on Friday, hitting $45.90. 24,346 shares of the company’s stock traded hands, compared to its average volume of 88,316. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 18.61 and a beta of 1.32. F&G Annuities & Life has a 52 week low of $34.90 and a 52 week high of $48.71. The company’s fifty day simple moving average is $42.52 and its two-hundred day simple moving average is $40.98.

F&G Annuities & Life (NYSE:FG) last released its earnings results on Monday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.12. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.36 billion. F&G Annuities & Life had a return on equity of 13.94% and a net margin of 6.25%. As a group, equities analysts anticipate that F&G Annuities & Life will post 4.32 EPS for the current fiscal year.

Institutional Trading of F&G Annuities & Life

Large investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of F&G Annuities & Life by 1,386.8% during the third quarter. Blue Trust Inc. now owns 565 shares of the company’s stock worth $25,000 after acquiring an additional 527 shares during the period. Iron Horse Wealth Management LLC grew its stake in shares of F&G Annuities & Life by 723.4% in the second quarter. Iron Horse Wealth Management LLC now owns 2,923 shares of the company’s stock valued at $111,000 after acquiring an additional 2,568 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of F&G Annuities & Life during the 3rd quarter worth approximately $169,000. Convergence Investment Partners LLC bought a new position in shares of F&G Annuities & Life during the second quarter worth approximately $205,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of F&G Annuities & Life in the second quarter valued at approximately $215,000. Institutional investors own 95.86% of the company’s stock.

About F&G Annuities & Life

F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance, institutional funding agreements, and index-linked annuities.