F&G Annuities & Life (NYSE:FG) Trading Down 3.2%

Shares of F&G Annuities & Life, Inc. (NYSE:FG) were down 3.2% on Thursday . The company traded as low as $40.37 and last traded at $40.37. Approximately 7,176 shares traded hands during trading, a decline of 92% from the average daily volume of 95,550 shares. The stock had previously closed at $41.71.

Wall Street Analysts Forecast Growth

FG has been the subject of a number of recent research reports. Barclays assumed coverage on F&G Annuities & Life in a research note on Wednesday. They set an “equal weight” rating and a $45.00 price objective for the company. Piper Sandler dropped their price target on shares of F&G Annuities & Life from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, June 28th.

F&G Annuities & Life Stock Performance

The company has a market cap of $5.09 billion, a P/E ratio of 20.60 and a beta of 1.20. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $41.21 and a two-hundred day simple moving average of $39.81.

F&G Annuities & Life (NYSE:FG) last released its quarterly earnings results on Monday, August 5th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.98 by $0.12. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.36 billion. F&G Annuities & Life had a net margin of 6.25% and a return on equity of 13.94%. On average, sell-side analysts anticipate that F&G Annuities & Life, Inc. will post 4.47 EPS for the current year.

F&G Annuities & Life Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.21 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.84 annualized dividend and a dividend yield of 2.08%. F&G Annuities & Life’s dividend payout ratio (DPR) is 42.86%.

Institutional Trading of F&G Annuities & Life

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its holdings in F&G Annuities & Life by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,088 shares of the company’s stock worth $574,000 after buying an additional 272 shares during the period. Capital Advisors Wealth Management LLC grew its position in shares of F&G Annuities & Life by 1.8% during the second quarter. Capital Advisors Wealth Management LLC now owns 19,216 shares of the company’s stock worth $731,000 after purchasing an additional 344 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of F&G Annuities & Life by 18.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,371 shares of the company’s stock worth $218,000 after purchasing an additional 819 shares in the last quarter. Scarborough Advisors LLC bought a new stake in F&G Annuities & Life during the 4th quarter valued at approximately $70,000. Finally, Rhumbline Advisers lifted its holdings in F&G Annuities & Life by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 35,808 shares of the company’s stock worth $1,362,000 after purchasing an additional 1,551 shares in the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

About F&G Annuities & Life

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.