F&G Annuities & Life’s (FG) Equal Weight Rating Reiterated at Stephens

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

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

F&G Annuities & Life Stock Down 0.3 %

Shares of NYSE:FG traded down $0.14 during midday trading on Monday, reaching $40.05. 10,599 shares of the company were exchanged, compared to its average volume of 72,634. The firm has a market cap of $5.05 billion, a PE ratio of 8.26 and a beta of 1.66. The stock has a fifty day simple moving average of $43.37 and a two-hundred day simple moving average of $43.34. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46. F&G Annuities & Life has a fifty-two week low of $34.90 and a fifty-two week high of $50.75.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FG. Blue Trust Inc. lifted its position in shares of F&G Annuities & Life by 1,386.8% during the 3rd quarter. Blue Trust Inc. now owns 565 shares of the company’s stock valued at $25,000 after acquiring an additional 527 shares during the period. Federated Hermes Inc. raised its position in shares of F&G Annuities & Life by 476.6% in 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 stake in shares of F&G Annuities & Life during the 4th quarter worth approximately $114,000. AlphaQuest LLC boosted its position in shares of F&G Annuities & Life by 314,200.0% during the 4th quarter. AlphaQuest LLC now owns 3,143 shares of the company’s stock worth $130,000 after acquiring an additional 3,142 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in F&G Annuities & Life in the fourth quarter valued at approximately $141,000. Institutional investors and hedge funds own 95.86% of the company’s stock.

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.