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

F&G Annuities & Life, Inc. (NYSE:FG)’s share price traded down 3.2% during mid-day trading on Thursday . The stock traded as low as $40.37 and last traded at $40.37. 7,176 shares were traded during mid-day trading, a decline of 92% from the average session volume of 95,550 shares. The stock had previously closed at $41.71.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FG shares. Barclays began coverage on shares of F&G Annuities & Life in a research note on Wednesday. They issued an “equal weight” rating and a $45.00 target price on the stock. Piper Sandler dropped their price objective on 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 Price Performance

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

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

F&G Annuities & Life Dividend Announcement

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

Institutional Investors Weigh In On F&G Annuities & Life

A number of hedge funds have recently made changes to their positions in FG. Vanguard Group Inc. raised its holdings in F&G Annuities & Life by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,878,492 shares of the company’s stock worth $76,173,000 after purchasing an additional 21,253 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of F&G Annuities & Life by 25.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 322,714 shares of the company’s stock worth $12,282,000 after buying an additional 64,669 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of F&G Annuities & Life by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 250,314 shares of the company’s stock worth $9,524,000 after acquiring an additional 3,331 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in F&G Annuities & Life by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 187,590 shares of the company’s stock valued at $8,629,000 after acquiring an additional 2,695 shares during the last quarter. Finally, Norges Bank acquired a new stake in F&G Annuities & Life in the fourth quarter valued at approximately $8,203,000. 95.86% of the stock is currently 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.