F&G Annuities & Life’s (FG) Equal Weight Rating Reaffirmed at Stephens

Stephens reaffirmed their equal weight rating on shares of F&G Annuities & Life (NYSE:FG) in a report published on Monday morning,Benzinga reports. Stephens currently has a $47.00 price target on the stock.

Separately, Barclays raised their price objective on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th.

F&G Annuities & Life Trading Up 1.0 %

Shares of NYSE FG opened at $41.63 on Monday. The company’s fifty day moving average is $43.27 and its 200-day moving average is $43.37. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 8.58 and a beta of 1.65. F&G Annuities & Life has a twelve month low of $34.90 and a twelve month high of $50.75. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.46.

F&G Annuities & Life (NYSE:FG) last announced its quarterly earnings results on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.13). F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.34 billion. Equities research analysts predict 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 Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.22 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.88 annualized dividend and a yield of 2.11%. F&G Annuities & Life’s payout ratio is currently 18.14%.

Institutional Investors Weigh In On F&G Annuities & Life

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its stake in F&G Annuities & Life by 1,386.8% in the 3rd quarter. Blue Trust Inc. now owns 565 shares of the company’s stock valued at $25,000 after buying an additional 527 shares during the last quarter. Federated Hermes Inc. increased its stake in F&G Annuities & Life by 476.6% in the 4th quarter. Federated Hermes Inc. now owns 888 shares of the company’s stock valued at $37,000 after buying an additional 734 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in F&G Annuities & Life in the 4th quarter valued at $114,000. Ameriflex Group Inc. acquired a new stake in F&G Annuities & Life in the 4th quarter valued at $144,000. Finally, AlphaQuest LLC increased its stake in F&G Annuities & Life by 314,200.0% in the 4th quarter. AlphaQuest LLC now owns 3,143 shares of the company’s stock valued at $130,000 after buying an additional 3,142 shares during the last quarter. 95.86% of the stock is currently owned by institutional investors and hedge funds.

About F&G Annuities & Life

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.