Barclays Lowers F&G Annuities & Life (FG) Price Target to $27

The financial services firm cites lower earnings expectations for the insurance and annuities provider.

Apr. 9, 2026 at 9:50am

Got story updates? Submit your updates here. ›

A high-contrast, cinematic close-up of the intricate mechanical components that make up the inner workings of a financial institution, conveying a sense of the heavy, tangible nature of the banking and insurance industries.An intimate look at the complex financial machinery powering the annuities and life insurance industry.Des Moines Today

Barclays has lowered its price target for F&G Annuities & Life (NYSE: FG) from $31 to $27, while maintaining an equal weight rating on the stock. The move comes after the company reported lower-than-expected earnings in its latest quarter, with Barclays citing weaker financial performance as the reason for the reduced price target.

Why it matters

F&G Annuities & Life is a major player in the fixed indexed annuities and life insurance markets, so changes to its financial outlook can impact the broader industry. This price target reduction by a prominent investment bank signals potential challenges the company may be facing, which could affect investor sentiment and the company's ability to raise capital.

The details

In its research report, Barclays noted that F&G Annuities & Life reported earnings per share of $0.91 in its latest quarter, missing analysts' consensus estimate of $1.34. The firm attributed this miss to weaker financial performance, leading them to lower their price target on the stock from $31 to $27 while maintaining an equal weight rating.

  • F&G Annuities & Life reported earnings on February 19, 2026.
  • Barclays issued its updated research report and price target on April 9, 2026.

The players

F&G Annuities & Life

A subsidiary of F&G Financial Group, Inc. that focuses on designing and issuing retirement income solutions, including fixed indexed annuities and life insurance products.

Barclays

A major global investment bank that provides research coverage and analysis on F&G Annuities & Life.

Got photos? Submit your photos here. ›

What’s next

Investors will be closely watching F&G Annuities & Life's future financial performance and any further updates from analysts on the company's outlook.

The takeaway

This price target reduction by Barclays highlights the challenges facing F&G Annuities & Life, a major player in the annuities and life insurance markets. It signals potential headwinds the company may be experiencing that could impact its ability to grow and raise capital going forward.