FG trades 2.7% below Wall Street's consensus target of $24.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes FG achieves its forward estimates and maintains a stable P/E multiple of 8.0x. This scenario reflects the blended consensus of 9 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 8, 2026, F&G Annuities & Life, Inc. (FG) has a Wall Street consensus price target of $24.00, based on estimates from 9 covering analysts. With the stock currently trading at $23.38, this represents a potential upside of +2.7%. The company has a market capitalization of $3.10B.
Analyst price targets range from a low of $24.00 to a high of $24.00, representing a 0% spread in expectations. The median target of $24.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 1 analysts rating the stock as a Buy or Strong Buy,8 rating it Hold, and 0 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, FG trades at a trailing P/E of 3.0x and forward P/E of 8.0x. Analysts expect EPS to grow -9.5% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $39.09, with bear and bull scenarios of $24.63 and $51.51 respectively. Model confidence stands at 51/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 GLGlobe Life Inc. | $12.2B | $157.18 | $174.60 | +11.1% | Hold | 10.1x | 28 |
 CNOCNO Financial Group, Inc. | $5.2B | $55.45 | $57.67 | +4.0% | Hold | 10.3x | 17 |
 PFGPrincipal Financial Group, Inc. | $24.0B | $110.91 | $107.33 | -3.2% | Hold | 12.1x | 25 |
 LNCLincoln National Corporation | $7.7B | $40.05 | $46.33 | +15.7% | Hold | 5.1x | 28 |
 RLIRLI Corp. | $6.3B | $68.35 | $60.00 | -12.2% | Hold | 21.2x | 12 |
 METMetLife, Inc. | $63.2B | $98.27 | $108.25 | +10.2% | Buy | 9.6x | 33 |
 PRUPrudential Financial, Inc. | $41.4B | $119.24 | $108.86 | -8.7% | Hold | 8.7x | 37 |
 AFLAflac Incorporated | $63.1B | $124.06 | $122.33 | -1.4% | Hold | 17.5x | 32 |
 EQHEquitable Holdings, Inc. | $14.4B | $52.66 | $64.71 | +22.9% | Buy | 7.3x | 21 |
 CRBGCorebridge Financial, Inc. | $15.2B | $34.09 | $40.33 | +18.3% | Buy | 7.5x | 18 |
Quick answers to the most common questions about buying FG stock.
The consensus price target for FG is $24, close to the current price of $23.38 (2.7% implied move). Based on 9 analyst estimates, the stock appears fairly valued near current levels.
FG has a consensus rating of "Hold" based on 9 Wall Street analysts. The rating breakdown is mixed, with 8 Hold ratings making up the largest segment. The consensus 12-month price target of $24 implies 2.7% upside from current levels.
With a forward P/E of 8.0344x, FG trades at a relatively low valuation. The consensus target of $24 implies 2.7% appreciation, suggesting the market may be pricing in risks.
The most bullish Wall Street analyst has a price target of $24 for FG, while the most conservative target is $24. The consensus of $24 represents the median expectation. Our quantitative valuation model projects a bull case target of $52 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
FG is moderately covered, with 9 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 1 have Buy ratings, 8 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month FG stock forecast based on 9 Wall Street analysts shows a consensus price target of $24, with estimates ranging from $24 (bear case) to $24 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $39, with bear/bull scenarios of $25/$52.
Our quantitative valuation model calculates FG's fair value at $39 (base case), with a bear case of $25 and bull case of $52. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 51/100.
FG trades at a forward P/E ratio of 8.0x based on next-twelve-months earnings estimates compared to a trailing P/E of 3.0x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
FG appears fairly valued according to analysts, with a "Hold" rating and minimal upside to the $24 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
FG analyst price targets range from $24 to $24, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $24 consensus represents the middle ground. Our model's $25-$52 range provides an independent fundamental perspective.
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