F&G Annuities & Life (NYSE:FG) Rating Lowered to Hold at Wall Street Zen

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

A number of other research analysts also recently issued reports on FG. Weiss Ratings reiterated a “hold (c)” rating on shares of F&G Annuities & Life in a report on Monday, December 29th. Barclays set a $31.00 price objective on F&G Annuities & Life in a research report on Thursday. Piper Sandler set a $33.00 target price on F&G Annuities & Life in a research note on Tuesday, October 7th. Finally, Zacks Research downgraded shares of F&G Annuities & Life from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.00.

F&G Annuities & Life Trading Up 0.9%

NYSE:FG opened at $28.73 on Friday. The firm has a 50-day simple moving average of $31.75 and a 200-day simple moving average of $32.02. F&G Annuities & Life has a one year low of $27.72 and a one year high of $47.76. The firm has a market cap of $3.87 billion, a P/E ratio of 8.43 and a beta of 1.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.27 and a current ratio of 0.27.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings data on Tuesday, October 3rd. The company reported $1.45 earnings per share (EPS) for the quarter. The company had revenue of $496.00 million for the quarter. F&G Annuities & Life had a net margin of 8.40% and a return on equity of 11.41%. Equities analysts anticipate that F&G Annuities & Life will post 5.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other F&G Annuities & Life news, CEO Christopher O. Blunt purchased 5,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were acquired at an average price of $29.56 per share, for a total transaction of $147,800.00. Following the completion of the purchase, the chief executive officer owned 1,117,396 shares of the company’s stock, valued at approximately $33,030,225.76. The trade was a 0.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of F&G Annuities & Life

Institutional investors have recently bought and sold shares of the stock. Voya Investment Management LLC boosted its stake in shares of F&G Annuities & Life by 5.6% in the first quarter. Voya Investment Management LLC now owns 6,309 shares of the company’s stock worth $227,000 after buying an additional 334 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in F&G Annuities & Life by 18.3% during the second quarter. Ameritas Investment Partners Inc. now owns 2,174 shares of the company’s stock valued at $70,000 after acquiring an additional 337 shares in the last quarter. Stoneridge Investment Partners LLC lifted its holdings in F&G Annuities & Life by 6.7% in the third quarter. Stoneridge Investment Partners LLC now owns 6,869 shares of the company’s stock valued at $215,000 after acquiring an additional 429 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in F&G Annuities & Life by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,035 shares of the company’s stock worth $398,000 after purchasing an additional 452 shares in the last quarter. Finally, Belpointe Asset Management LLC boosted its position in F&G Annuities & Life by 6.5% in the 1st quarter. Belpointe Asset Management LLC now owns 7,808 shares of the company’s stock worth $281,000 after purchasing an additional 474 shares in the last quarter. 95.86% of the stock is currently owned by institutional investors and hedge funds.

About F&G Annuities & Life

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.