Stephens raised the firm’s price target on F&G Annuities to $47 from $36 and keeps an Equal Weight rating on the shares. The firm remains on the sidelines, but believes that sales-driven steady AUM growth, an emerging owned-distribution strategy, and plenty of capital returns optionality, hold the opportunity to present a better entry point, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on FG:
- F&G Annuities management to meet virtually with Stephens
- F&G Annuities files $1B mixed securities shelf
- Unisys buys group annuity contracts from F&G Annuities totaling $250M
- Fidelity National announces intent to invest $250M in F&G Annuities
- F&G Annuities & Life Announces Intent of Investment for Approximately $250 Million From Fidelity National Financial