Cannon Global Investment Management LLC Invests $362,000 in F&G Annuities & Life, Inc. (NYSE:FG)

Cannon Global Investment Management LLC acquired a new stake in F&G Annuities & Life, Inc. (NYSE:FG) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,100 shares of the company’s stock, valued at approximately $362,000.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew 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 worth $25,000 after buying an additional 527 shares during the period. Iron Horse Wealth Management LLC raised its stake in shares of F&G Annuities & Life by 723.4% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 2,923 shares of the company’s stock worth $111,000 after purchasing an additional 2,568 shares during the period. SG Americas Securities LLC bought a new stake in F&G Annuities & Life in the 3rd quarter valued at about $169,000. Convergence Investment Partners LLC bought a new stake in F&G Annuities & Life in the 2nd quarter valued at about $205,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in F&G Annuities & Life in the 2nd quarter valued at about $215,000. Institutional investors own 95.86% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on FG. Piper Sandler lifted their target price on F&G Annuities & Life from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Barclays lowered their price objective on F&G Annuities & Life from $45.00 to $44.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 8th.

F&G Annuities & Life Stock Up 0.7 %

FG traded up $0.27 during trading on Friday, reaching $40.37. The stock had a trading volume of 61,274 shares, compared to its average volume of 48,542. The stock’s 50 day moving average is $42.50 and its two-hundred day moving average is $40.76. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 16.34 and a beta of 1.32. F&G Annuities & Life, Inc. has a one year low of $30.99 and a one year high of $48.71.

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

F&G Annuities & Life Company Profile

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.