F&G Annuities & Life (NYSE:FG) Stock Price Up 1.6%

F&G Annuities & Life, Inc. (NYSE:FG) rose 1.6% during trading on Friday . The stock traded as high as $37.31 and last traded at $37.14. Approximately 50,653 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 112,594 shares. The stock had previously closed at $36.54.

Analyst Upgrades and Downgrades

FG has been the topic of several analyst reports. Piper Sandler initiated coverage on shares of F&G Annuities & Life in a research note on Friday, December 22nd. They issued a “neutral” rating and a $48.00 target price on the stock. Stephens lifted their target price on shares of F&G Annuities & Life from $36.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, December 18th.

F&G Annuities & Life Trading Up 0.5 %

The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.21 and a current ratio of 0.21. The stock’s 50-day simple moving average is $40.33 and its 200-day simple moving average is $39.45. The firm has a market capitalization of $4.64 billion, a PE ratio of -76.48 and a beta of 1.21.

F&G Annuities & Life (NYSE:FG) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.42). The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.18 billion. F&G Annuities & Life had a negative net margin of 1.29% and a positive return on equity of 12.33%. As a group, sell-side analysts expect that F&G Annuities & Life, Inc. will post 4.38 EPS for the current fiscal year.

F&G Annuities & Life Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Thursday, March 14th. F&G Annuities & Life’s dividend payout ratio is presently -175.00%.

Institutional Trading of F&G Annuities & Life

A number of hedge funds and other institutional investors have recently modified their holdings of FG. Madison Avenue Partners LP purchased a new stake in shares of F&G Annuities & Life in the 4th quarter worth about $18,210,000. BlackRock Inc. lifted its stake in F&G Annuities & Life by 63.0% during the 2nd quarter. BlackRock Inc. now owns 1,288,241 shares of the company’s stock valued at $31,923,000 after acquiring an additional 497,749 shares during the period. Vanguard Group Inc. lifted its stake in F&G Annuities & Life by 41.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,457,972 shares of the company’s stock valued at $40,911,000 after acquiring an additional 427,640 shares during the period. Kennedy Capital Management LLC bought a new position in F&G Annuities & Life during the 2nd quarter valued at about $9,054,000. Finally, Ancora Advisors LLC bought a new position in F&G Annuities & Life during the 4th quarter valued at about $5,567,000. 95.86% of the stock is owned by hedge funds and other institutional investors.

F&G Annuities & Life Company Profile

F&G Annuities & Life, Inc provides fixed annuities and life insurance products in the United States. The company portfolio includes fixed indexed annuities, multi-year guarantee annuities, and pension risk transfer solution, as well as indexed universal life insurance, institutional funding agreements, and index-linked annuities.