F&G Annuities & Life (NYSE:FG) PT Raised to $46.00 at Piper Sandler

F&G Annuities & Life (NYSE:FG) had its price target hoisted by equities research analysts at Piper Sandler from $40.00 to $46.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price objective points to a potential upside of 9.08% from the stock’s current price.

Separately, Barclays began coverage on shares of F&G Annuities & Life in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $45.00 price objective on the stock.

F&G Annuities & Life Stock Down 5.7 %

Shares of FG opened at $42.17 on Wednesday. The stock’s 50-day moving average price is $41.52 and its two-hundred day moving average price is $40.28. F&G Annuities & Life has a 12 month low of $26.12 and a 12 month high of $48.71. The company has a market capitalization of $5.32 billion, a PE ratio of 21.52 and a beta of 1.20. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data on Monday, August 5th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.12. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.36 billion. F&G Annuities & Life had a return on equity of 13.94% and a net margin of 6.25%. On average, analysts anticipate that F&G Annuities & Life will post 4.32 EPS for the current year.

Institutional Investors Weigh In On F&G Annuities & Life

A number of hedge funds have recently added to or reduced their stakes in FG. Vanguard Group Inc. grew its position in shares of F&G Annuities & Life by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 1,878,492 shares of the company’s stock worth $76,173,000 after buying an additional 21,253 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of F&G Annuities & Life by 25.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 322,714 shares of the company’s stock worth $12,282,000 after purchasing an additional 64,669 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of F&G Annuities & Life by 1.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 250,314 shares of the company’s stock valued at $9,524,000 after buying an additional 3,331 shares during the period. Norges Bank acquired a new stake in shares of F&G Annuities & Life in the 4th quarter valued at about $8,203,000. Finally, American Century Companies Inc. raised its stake in F&G Annuities & Life by 218.2% during the 2nd quarter. American Century Companies Inc. now owns 118,592 shares of the company’s stock worth $4,512,000 after buying an additional 81,328 shares during the period. 95.86% of the stock is currently owned by institutional investors.

About F&G Annuities & Life

F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance, institutional funding agreements, and index-linked annuities.