F&G Annuities & Life (NYSE:FG) Sees Strong Trading Volume – Time to Buy?

Shares of F&G Annuities & Life, Inc. (NYSE:FG) saw unusually-high trading volume on Friday . Approximately 90,449 shares were traded during trading, an increase of 37% from the previous session’s volume of 66,260 shares.The stock last traded at $43.79 and had previously closed at $44.10.

Analyst Ratings Changes

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

F&G Annuities & Life Stock Performance

The company has a 50-day simple moving average of $43.50 and a two-hundred day simple moving average of $43.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market capitalization of $5.62 billion, a P/E ratio of -743.21 and a beta of 1.66.

F&G Annuities & Life (NYSE:FG) last released its earnings results on Wednesday, November 6th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. F&G Annuities & Life had a net margin of 0.22% and a return on equity of 13.05%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the business earned $0.96 earnings per share. As a group, equities analysts forecast that F&G Annuities & Life, Inc. will post 4.43 EPS for the current year.

Hedge Funds Weigh In On F&G Annuities & Life

Hedge funds have recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of F&G Annuities & Life during the 3rd quarter valued at $6,369,000. Fisher Funds Management LTD purchased a new stake in shares of F&G Annuities & Life during the 4th quarter valued at about $5,421,000. Kelly Financial Group LLC purchased a new stake in shares of F&G Annuities & Life during the 4th quarter valued at about $4,144,000. Barclays PLC raised its position in F&G Annuities & Life by 527.8% in the 3rd quarter. Barclays PLC now owns 42,524 shares of the company’s stock worth $1,902,000 after purchasing an additional 35,750 shares during the period. Finally, Principal Financial Group Inc. raised its position in F&G Annuities & Life by 23.1% in the 3rd quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock worth $5,381,000 after purchasing an additional 22,550 shares during the period. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

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.