F&G Annuities & Life (NYSE:FG) Price Target Cut to $44.00

F&G Annuities & Life (NYSE:FGFree Report) had its price objective cut by Barclays from $45.00 to $44.00 in a report published on Tuesday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Separately, Piper Sandler boosted their price objective on F&G Annuities & Life from $40.00 to $46.00 and gave the company a neutral rating in a report on Wednesday, October 2nd.

Check Out Our Latest Analysis on F&G Annuities & Life

F&G Annuities & Life Stock Performance

Shares of FG stock opened at $44.07 on Tuesday. The stock has a market cap of $5.56 billion, a PE ratio of 17.84 and a beta of 1.20. The business has a 50-day simple moving average of $41.62 and a 200-day simple moving average of $40.47. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. F&G Annuities & Life has a 52-week low of $28.27 and a 52-week high of $48.71.

F&G Annuities & Life (NYSE:FGGet Free Report) last issued its quarterly earnings data on Monday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.12. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.36 billion. F&G Annuities & Life had a return on equity of 13.94% and a net margin of 6.25%. On average, equities analysts expect that F&G Annuities & Life will post 4.32 EPS for the current year.

F&G Annuities & Life Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.84 dividend on an annualized basis and a yield of 1.91%. F&G Annuities & Life’s payout ratio is 34.01%.

Hedge Funds Weigh In On F&G Annuities & Life

Large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its stake in F&G Annuities & Life by 1.8% during 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 in the last quarter. Capital Advisors Wealth Management LLC grew its position in shares of F&G Annuities & Life by 1.8% in the second quarter. Capital Advisors Wealth Management LLC now owns 19,216 shares of the company’s stock valued at $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% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,371 shares of the company’s stock valued at $218,000 after purchasing an additional 819 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in shares of F&G Annuities & Life in the fourth quarter valued at approximately $70,000. Finally, Rhumbline Advisers grew its position in shares of F&G Annuities & Life by 4.5% in the second quarter. Rhumbline Advisers now owns 35,808 shares of the company’s stock valued at $1,362,000 after purchasing an additional 1,551 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.

About F&G Annuities & Life

(Get Free Report)

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.

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