F&G Annuities & Life (NYSE:FG) Issues Earnings Results

F&G Annuities & Life (NYSE:FG) released its earnings results on Thursday. The company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.49), FiscalAI reports. F&G Annuities & Life had a return on equity of 11.41% and a net margin of 8.40%.The company had revenue of $739.00 million during the quarter, compared to analysts’ expectations of $1.55 billion.

F&G Annuities & Life Stock Performance

Shares of NYSE:FG traded down $1.05 during trading on Thursday, reaching $27.74. The stock had a trading volume of 665,466 shares, compared to its average volume of 809,055. The stock has a fifty day simple moving average of $29.68 and a two-hundred day simple moving average of $31.37. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.45. F&G Annuities & Life has a 52 week low of $26.45 and a 52 week high of $45.11. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 8.13 and a beta of 1.46.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen upgraded F&G Annuities & Life from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of F&G Annuities & Life in a research note on Monday, December 29th. Zacks Research cut F&G Annuities & Life from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Barclays set a $31.00 price objective on F&G Annuities & Life in a report on Thursday, January 8th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, F&G Annuities & Life presently has an average rating of “Hold” and an average price target of $37.00.

Insider Transactions at F&G Annuities & Life

In other news, CEO Christopher O. Blunt bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were purchased at an average price of $29.56 per share, for a total transaction of $147,800.00. Following the acquisition, the chief executive officer directly owned 1,117,396 shares of the company’s stock, valued at $33,030,225.76. The trade was a 0.45% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On F&G Annuities & Life

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in shares of F&G Annuities & Life in the fourth quarter valued at approximately $81,000. Advisors Asset Management Inc. bought a new position in F&G Annuities & Life during the fourth quarter worth $85,000. Federation des caisses Desjardins du Quebec acquired a new position in F&G Annuities & Life during the 4th quarter valued at $63,000. Ensign Peak Advisors Inc bought a new stake in F&G Annuities & Life in the 4th quarter valued at $112,000. Finally, Los Angeles Capital Management LLC bought a new stake in F&G Annuities & Life in the 4th quarter valued at $120,000. 95.86% of the stock is 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.