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

F&G Annuities & Life (NYSE:FG) had its price target hoisted by stock analysts at Barclays from $44.00 to $46.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 0.22% from the stock’s previous close.

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

F&G Annuities & Life Trading Up 1.5 %

Shares of FG stock traded up $0.68 on Friday, hitting $45.90. The company had a trading volume of 24,346 shares, 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. F&G Annuities & Life has a twelve month low of $34.90 and a twelve month high of $48.71. The stock’s 50-day moving average is $42.52 and its two-hundred day moving average is $40.98. The firm has a market cap of $5.79 billion, a P/E ratio of 18.61 and a beta of 1.32.

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

Institutional Investors Weigh In On F&G Annuities & Life

A number of large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in 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 buying an additional 527 shares during the last quarter. Iron Horse Wealth Management LLC increased its position in shares of F&G Annuities & Life by 723.4% during the second quarter. Iron Horse Wealth Management LLC now owns 2,923 shares of the company’s stock valued at $111,000 after buying an additional 2,568 shares during the period. SG Americas Securities LLC bought a new position in F&G Annuities & Life in the third quarter worth about $169,000. GSA Capital Partners LLP purchased a new stake in F&G Annuities & Life in the third quarter worth about $231,000. Finally, Price T Rowe Associates Inc. MD boosted its position in F&G Annuities & Life by 18.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,371 shares of the company’s stock valued at $218,000 after acquiring an additional 819 shares in the last quarter. Hedge funds and other 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.