F&G Annuities & Life (NYSE:FG) Now Covered by Barclays

Barclays started coverage on shares of F&G Annuities & Life (NYSE:FG) in a research report report published on Wednesday morning, MarketBeat.com reports. The brokerage issued an equal weight rating and a $45.00 price objective on the stock.

Separately, Piper Sandler reduced their target price 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 Trading Down 2.9 %

Shares of FG opened at $40.37 on Wednesday. F&G Annuities & Life has a twelve month low of $26.12 and a twelve month high of $48.71. 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 current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $41.21 and its 200-day simple moving average is $39.81.

F&G Annuities & Life (NYSE:FG) last announced its earnings results on Monday, August 5th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate 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. As a group, analysts expect that F&G Annuities & Life will post 4.47 EPS for the current year.

F&G Annuities & Life Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 2.08%. The ex-dividend date is Monday, September 16th. F&G Annuities & Life’s dividend payout ratio is presently 42.86%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FG. Norges Bank purchased a new position in F&G Annuities & Life in the 4th quarter worth about $8,203,000. American Century Companies Inc. increased its stake in F&G Annuities & Life by 218.2% in the 2nd quarter. American Century Companies Inc. now owns 118,592 shares of the company’s stock worth $4,512,000 after buying an additional 81,328 shares during the period. Dimensional Fund Advisors LP grew its holdings in F&G Annuities & Life by 25.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 322,714 shares of the company’s stock worth $12,282,000 after acquiring an additional 64,669 shares in the last quarter. Vanguard Group Inc. grew its holdings in F&G Annuities & Life by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 1,878,492 shares of the company’s stock worth $76,173,000 after acquiring an additional 21,253 shares in the last quarter. Finally, Van Hulzen Asset Management LLC bought a new position in F&G Annuities & Life during the 4th quarter worth about $939,000. 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.