Barclays Lowers F&G Annuities & Life (NYSE:FG) Price Target to $41.00

F&G Annuities & Life (NYSE:FG) had its target price dropped by equities researchers at Barclays from $47.00 to $41.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 22.46% from the company’s current price.

Separately, Stephens reaffirmed an “equal weight” rating and issued a $47.00 target price on shares of F&G Annuities & Life in a report on Monday, February 24th.

F&G Annuities & Life Stock Down 0.9 %

FG opened at $33.48 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46. F&G Annuities & Life has a 1-year low of $31.26 and a 1-year high of $50.75. The business has a 50 day moving average of $40.11 and a 200-day moving average of $42.51. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 6.90 and a beta of 1.83.

F&G Annuities & Life (NYSE:FG) last issued its earnings results on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13). F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.34 billion. As a group, sell-side analysts anticipate that F&G Annuities & Life will post 5.54 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Celina J. Wang Doka purchased 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The shares were acquired at an average cost of $35.24 per share, for a total transaction of $105,720.00. Following the transaction, the director now directly owns 20,875 shares of the company’s stock, valued at approximately $735,635. The trade was a 16.78 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, EVP Michael L. Gravelle purchased 7,000 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was purchased at an average cost of $36.00 per share, with a total value of $252,000.00. Following the acquisition, the executive vice president now directly owns 33,540 shares in the company, valued at $1,207,440. This trade represents a 26.38 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 4,530,000 shares of company stock worth $152,273,820 over the last three months. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp grew its stake in F&G Annuities & Life by 1.2% in the third quarter. State Street Corp now owns 413,210 shares of the company’s stock valued at $18,479,000 after purchasing an additional 4,910 shares in the last quarter. Barclays PLC lifted its holdings in F&G Annuities & Life by 527.8% during 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 last quarter. Geode Capital Management LLC raised its stake in F&G Annuities & Life by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 405,047 shares of the company’s stock worth $18,117,000 after purchasing an additional 3,453 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of F&G Annuities & Life by 23.1% during the third 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. Finally, JPMorgan Chase & Co. raised its position in shares of F&G Annuities & Life by 63.5% in the third quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company’s stock valued at $2,055,000 after buying an additional 17,845 shares in the last quarter. 95.86% of the stock is owned by institutional investors and hedge funds.

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.