F&G Annuities & Life (NYSE:FG) Stock Rating Upgraded by Wall Street Zen

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

Other equities research analysts also recently issued reports about the company. Barclays set a $31.00 price target on F&G Annuities & Life in a report on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of F&G Annuities & Life in a research note on Monday, December 29th. Finally, Zacks Research downgraded shares of F&G Annuities & Life from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $32.00.

F&G Annuities & Life Stock Performance

Shares of FG stock opened at $23.54 on Friday. The stock’s 50-day moving average price is $25.96 and its 200 day moving average price is $29.61. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $3.19 billion, a PE ratio of 12.86 and a beta of 1.59. F&G Annuities & Life has a 52-week low of $20.57 and a 52-week high of $37.19.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.43). The company had revenue of $739.00 million for the quarter, compared to analyst estimates of $1.55 billion. F&G Annuities & Life had a return on equity of 10.48% and a net margin of 4.62%. As a group, equities research analysts forecast that F&G Annuities & Life will post 5.54 EPS for the current year.

F&G Annuities & Life announced that its board has approved a stock repurchase plan on Monday, March 16th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other F&G Annuities & Life news, CEO Christopher O. Blunt acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $20.99 per share, with a total value of $209,900.00. Following the completion of the acquisition, the chief executive officer directly owned 1,107,128 shares of the company’s stock, valued at approximately $23,238,616.72. The trade was a 0.91% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Celina J. Wang Doka acquired 4,760 shares of the business’s stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $20.98 per share, with a total value of $99,864.80. Following the transaction, the director directly owned 32,071 shares of the company’s stock, valued at $672,849.58. This represents a 17.43% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 19,760 shares of company stock worth $457,565. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On F&G Annuities & Life

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Elevated Capital Advisors LLC acquired a new stake in shares of F&G Annuities & Life in the fourth quarter valued at about $27,000. Hantz Financial Services Inc. boosted its holdings in F&G Annuities & Life by 29,066.7% during the fourth quarter. Hantz Financial Services Inc. now owns 875 shares of the company’s stock worth $27,000 after buying an additional 872 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in F&G Annuities & Life by 474.5% during the third quarter. Harbor Capital Advisors Inc. now owns 902 shares of the company’s stock worth $28,000 after buying an additional 745 shares during the period. GAMMA Investing LLC grew its position in F&G Annuities & Life by 432.6% during the fourth quarter. GAMMA Investing LLC now owns 932 shares of the company’s stock worth $29,000 after buying an additional 757 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in shares of F&G Annuities & Life by 36,166.7% during the 4th quarter. Quadrant Capital Group LLC now owns 1,088 shares of the company’s stock valued at $34,000 after acquiring an additional 1,085 shares during the period. 95.86% of the stock is owned by institutional investors and hedge funds.

F&G Annuities & Life Company Profile

F&G Annuities & Life is the principal life insurance and annuity subsidiary of F&G Financial Group, Inc (NYSE: FG), a publicly traded financial services holding company headquartered in Des Moines, Iowa. The company focuses on designing and issuing retirement income solutions that address longevity risk, capital preservation, and wealth transfer for individual and institutional clients.

Its product suite includes fixed indexed annuities, which offer the potential for market-linked growth with downside protection; fixed-rate annuities, delivering guaranteed interest over a defined term; and a range of life insurance policies such as term, universal, and variable universal life.