FG trades 47.5% below Wall Street's consensus target of $32.00.
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 6.8x. 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 September 24, 2026, F&G Annuities & Life, Inc. (FG) has a Wall Street consensus price target of $32.00, based on estimates from 9 covering analysts. With the stock currently trading at $21.69, this represents a potential upside of +47.5%. The company has a market capitalization of $2.87B.
Analyst price targets range from a low of $31.00 to a high of $33.00, representing a 6% spread in expectations. The median target of $32.00 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 11.5x and forward P/E of 6.8x. Analysts expect EPS to grow -0.2% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $58.20, with bear and bull scenarios of $36.67 and $76.68 respectively. Model confidence stands at 50/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 GLGlobe Life Inc. | $13.1B | $168.75 | $183.00 | +8.4% | Hold | 10.7x | 28 |
 CNOCNO Financial Group, Inc. | $5.0B | $54.02 | $57.67 | +6.8% | Hold | 11.4x | 17 |
 PFGPrincipal Financial Group, Inc. | $24.6B | $113.92 | $108.67 | -4.6% | Hold | 11.9x | 25 |
 LNCLincoln National Corporation | $7.9B | $41.08 | $46.00 | +12.0% | Hold | 5.2x | 28 |
 RLIRLI Corp. | $5.2B | $56.85 | $61.33 | +7.9% | Hold | 19.9x | 12 |
 METMetLife, Inc. | $62.5B | $97.20 | $101.00 | +3.9% | Buy | 9.7x | 33 |
 PRUPrudential Financial, Inc. | $40.8B | $117.59 | $105.22 | -10.5% | Hold | 8.2x | 37 |
 AFLAflac Incorporated | $58.7B | $115.23 | $118.86 | +3.2% | Hold | 16.4x | 32 |
 EQHEquitable Holdings, Inc. | $14.3B | $52.27 | $62.43 | +19.4% | Buy | 7.3x | 21 |
 CRBGCorebridge Financial, Inc. | $15.1B | $33.89 | $38.50 | +13.6% | Buy | 7.4x | 18 |
Quick answers to the most common questions about buying FG stock.
The consensus Wall Street price target for FG is $32, representing 47.5% upside from the current price of $21.69. With 9 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
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 $32 implies 47.5% upside from current levels.
With a forward P/E of 6.7623x, FG trades at a relatively low valuation. The consensus target of $32 implies 47.5% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $33 for FG, while the most conservative target is $31. The consensus of $32 represents the median expectation. Our quantitative valuation model projects a bull case target of $77 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 $32, with estimates ranging from $31 (bear case) to $33 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $58, with bear/bull scenarios of $37/$77.
Our quantitative valuation model calculates FG's fair value at $58 (base case), with a bear case of $37 and bull case of $77. 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 50/100.
FG trades at a forward P/E ratio of 6.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 11.5x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on FG, with a "Hold" consensus rating and $32 price target (47.5% upside). 1 of 9 analysts rate it Buy or Strong Buy. 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 $31 to $33, a 6% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $32 consensus represents the middle ground. Our model's $37-$77 range provides an independent fundamental perspective.
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