F&G Annuities & Life (NYSE:FG) Upgraded at Wall Street Zen

F&G Annuities & Life (NYSE:FG) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

Separately, Barclays dropped their target price on shares of F&G Annuities & Life from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, July 7th.

F&G Annuities & Life Trading Down 1.1%

F&G Annuities & Life stock opened at $31.03 on Friday. The company has a 50 day moving average price of $31.78 and a 200 day moving average price of $36.93. F&G Annuities & Life has a 52 week low of $30.01 and a 52 week high of $50.75. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 8.23 and a beta of 1.55.

F&G Annuities & Life (NYSE:FG) last issued its earnings results on Wednesday, May 7th. The company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.47). The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $1.46 billion. F&G Annuities & Life had a net margin of 9.90% and a return on equity of 12.89%. Research analysts forecast that F&G Annuities & Life will post 5.54 EPS for the current year.

Insider Activity

In related news, CEO Christopher O. Blunt bought 15,000 shares of F&G Annuities & Life stock in a transaction dated Thursday, May 15th. The shares were bought at an average cost of $30.78 per share, for a total transaction of $461,700.00. Following the completion of the transaction, the chief executive officer owned 889,964 shares of the company’s stock, valued at approximately $27,393,091.92. This trade represents a 1.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased 45,000 shares of company stock worth $1,399,900 in the last quarter. 2.10% of the stock is currently owned by corporate insiders.

Institutional Trading of F&G Annuities & Life

Institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. raised its holdings in F&G Annuities & Life by 476.6% in the fourth quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock worth $37,000 after purchasing an additional 734 shares during the period. Quarry LP acquired a new stake in F&G Annuities & Life in the first quarter worth $44,000. Cubist Systematic Strategies LLC acquired a new stake in F&G Annuities & Life in the first quarter worth $89,000. State of Wyoming acquired a new stake in F&G Annuities & Life in the first quarter worth $96,000. Finally, BNP Paribas Financial Markets acquired a new stake in F&G Annuities & Life in the fourth quarter worth $114,000. Institutional investors and hedge funds own 95.86% of the company’s stock.

F&G Annuities & Life Company Profile

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.