Oppenheimer Asset Management Inc. Cuts Stock Position in F&G Annuities & Life, Inc. (NYSE:FG)

Oppenheimer Asset Management Inc. decreased its stake in shares of F&G Annuities & Life, Inc. (NYSE:FGFree Report) by 29.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,203 shares of the company’s stock after selling 3,484 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in F&G Annuities & Life were worth $230,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY purchased a new position in F&G Annuities & Life during the second quarter valued at $26,000. Ameritas Investment Partners Inc. purchased a new position in F&G Annuities & Life during the second quarter valued at $38,000. Chilton Capital Management LLC purchased a new position in F&G Annuities & Life during the first quarter valued at $29,000. Vestcor Inc purchased a new position in F&G Annuities & Life during the fourth quarter valued at $32,000. Finally, Acadian Asset Management LLC purchased a new position in F&G Annuities & Life during the first quarter valued at $30,000. Hedge funds and other institutional investors own 96.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Piper Sandler assumed coverage on F&G Annuities & Life in a report on Friday, December 22nd. They issued a “neutral” rating and a $48.00 target price for the company. Stephens lifted their target price on F&G Annuities & Life from $36.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, December 18th.

Read Our Latest Report on FG

F&G Annuities & Life Stock Up 2.0 %

F&G Annuities & Life stock opened at $46.41 on Friday. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 41.07 and a beta of 1.62. The stock has a fifty day simple moving average of $44.77 and a two-hundred day simple moving average of $35.71. F&G Annuities & Life, Inc. has a 12 month low of $14.76 and a 12 month high of $48.71. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.66.

F&G Annuities & Life Company Profile

(Free Report)

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

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Institutional Ownership by Quarter for F&G Annuities & Life (NYSE:FG)

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