F&G Annuities & Life: Questionable Share Issuance Leads To An Overreaction (Rating Upgrade)

Core Viewpoint - F&G Annuities & Life (NYSE: FG) shares have dropped 15% in two days following the announcement of a secondary equity issuance, which was unexpected in both timing and structure [1] Company Summary - The recent secondary equity issuance by F&G Annuities & Life has led to a significant decline in its stock price, indicating market reaction to the company's capital-raising strategy [1]