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

F&G Annuities & Life, Inc. (NYSE:FG) saw an uptick in trading volume on Friday . 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.

Analysts Set New Price Targets

Separately, Barclays raised their price target on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th.

F&G Annuities & Life Stock Up 1.1 %

The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average is $43.50 and its two-hundred day moving average is $43.02. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of -743.21 and a beta of 1.66.

F&G Annuities & Life (NYSE:FG) last issued its earnings results on Wednesday, November 6th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm earned $0.96 earnings per share. Equities analysts anticipate that F&G Annuities & Life, Inc. will post 4.43 EPS for the current year.

Institutional Investors Weigh In On F&G Annuities & Life

Institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its holdings in F&G Annuities & Life by 23.1% during the 3rd quarter. Principal Financial Group Inc. now owns 120,336 shares of the company’s stock worth $5,381,000 after acquiring an additional 22,550 shares in the last quarter. JPMorgan Chase & Co. raised its position in F&G Annuities & Life by 63.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company’s stock valued at $2,055,000 after purchasing an additional 17,845 shares during the last quarter. 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 valued at $1,902,000 after purchasing an additional 35,750 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in F&G Annuities & Life during the 3rd quarter worth $521,000. Finally, Geode Capital Management LLC raised its position in F&G Annuities & Life by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 405,047 shares of the company’s stock worth $18,117,000 after buying an additional 3,453 shares during the last quarter. 95.86% of the stock is owned by hedge funds and other institutional investors.

About F&G Annuities & Life

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.