F&G Annuities & Life (NYSE:FG) Stock Price Up 3.1%

F&G Annuities & Life, Inc. (NYSE:FG) shares rose 3.1% during trading on Wednesday . The company traded as high as $43.64 and last traded at $43.58. Approximately 7,325 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 95,995 shares. The stock had previously closed at $42.29.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lowered their target price on F&G Annuities & Life from $43.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, June 28th.

F&G Annuities & Life Trading Up 3.3 %

The company has a debt-to-equity ratio of 0.47, a current ratio of 0.21 and a quick ratio of 0.21. The business’s 50 day moving average is $40.65 and its 200 day moving average is $39.88. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 23.31 and a beta of 1.20.

F&G Annuities & Life (NYSE:FG) last issued its earnings results on Monday, August 5th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.12. F&G Annuities & Life had a net margin of 4.85% and a return on equity of 13.22%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.36 billion. As a group, equities analysts expect that F&G Annuities & Life, Inc. will post 4.3 earnings per share for the current fiscal year.

F&G Annuities & Life Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, September 16th. F&G Annuities & Life’s dividend payout ratio (DPR) is currently 42.86%.

Hedge Funds Weigh In On F&G Annuities & Life

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new stake in F&G Annuities & Life in the 4th quarter valued at approximately $55,000. Scarborough Advisors LLC purchased a new stake in F&G Annuities & Life in the 4th quarter valued at approximately $70,000. Iron Horse Wealth Management LLC boosted its holdings in F&G Annuities & Life by 723.4% in the 2nd quarter. Iron Horse Wealth Management LLC now owns 2,923 shares of the company’s stock valued at $111,000 after purchasing an additional 2,568 shares in the last quarter. Convergence Investment Partners LLC purchased a new stake in F&G Annuities & Life in the 2nd quarter valued at approximately $205,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in F&G Annuities & Life in the 2nd quarter valued at approximately $215,000. Hedge funds and other institutional investors own 95.86% of the company’s stock.

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.