F&G Annuities & Life (NYSE:FG) Upgraded at Zacks Research

Zacks Research upgraded shares of F&G Annuities & Life (NYSE:FG) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

FG has been the topic of a number of other research reports. Wall Street Zen raised shares of F&G Annuities & Life from a “hold” rating to a “buy” rating in a research note on Wednesday, August 13th. Barclays boosted their price objective on shares of F&G Annuities & Life from $37.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, August 7th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, F&G Annuities & Life has a consensus rating of “Hold” and an average target price of $44.33.

F&G Annuities & Life Stock Up 1.3%

Shares of NYSE:FG opened at $34.93 on Monday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.49. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 14.08 and a beta of 1.55. The stock’s 50-day moving average price is $32.82 and its two-hundred day moving average price is $34.64. F&G Annuities & Life has a 12-month low of $30.01 and a 12-month high of $50.75.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.13. F&G Annuities & Life had a net margin of 6.45% and a return on equity of 11.51%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $1.35 billion. On average, research analysts forecast that F&G Annuities & Life will post 5.54 EPS for the current year.

F&G Annuities & Life Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 16th. F&G Annuities & Life’s dividend payout ratio is 35.48%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP purchased a new stake in shares of F&G Annuities & Life in the first quarter worth about $44,000. Ameritas Investment Partners Inc. raised its stake in shares of F&G Annuities & Life by 18.3% during the second quarter. Ameritas Investment Partners Inc. now owns 2,174 shares of the company’s stock valued at $70,000 after purchasing an additional 337 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of F&G Annuities & Life during the first quarter worth $89,000. CWM LLC boosted its stake in shares of F&G Annuities & Life by 737.0% in the second quarter. CWM LLC now owns 2,963 shares of the company’s stock valued at $95,000 after purchasing an additional 2,609 shares during the period. Finally, State of Wyoming purchased a new position in shares of F&G Annuities & Life in the first quarter valued at $96,000. Institutional investors and hedge funds own 95.86% of the company’s stock.

F&G Annuities & Life Company Profile

F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.