F&G Annuities & Life (NYSE:FG) Price Target Raised to $46.00

F&G Annuities & Life (NYSE:FG - Free Report) had its target price boosted by Barclays from $44.00 to $46.00 in a research report released on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

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

F&G Annuities & Life Trading Up 1.8 %

FG stock traded up $0.80 during mid-day trading on Friday, reaching $46.02. The company's stock had a trading volume of 74,198 shares, compared to its average volume of 88,546. F&G Annuities & Life has a 12 month low of $34.90 and a 12 month high of $48.71. 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 business's 50 day moving average price is $42.53 and its 200 day moving average price is $41.04. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 18.63 and a beta of 1.32.

F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.36 billion. F&G Annuities & Life had a net margin of 6.25% and a return on equity of 13.94%. On average, equities research analysts predict that F&G Annuities & Life will post 4.32 EPS for the current year.

F&G Annuities & Life Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.91%. This is a positive change from F&G Annuities & Life's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, December 17th. F&G Annuities & Life's dividend payout ratio is presently 34.01%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System boosted its position in shares of F&G Annuities & Life by 258.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 19,270 shares of the company's stock valued at $781,000 after buying an additional 13,890 shares during the last quarter. Vanguard Group Inc. boosted 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 during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of F&G Annuities & Life in the 1st quarter worth $510,000. Denali Advisors LLC raised its holdings in shares of F&G Annuities & Life by 14,687.8% in the second quarter. Denali Advisors LLC now owns 17,006 shares of the company's stock valued at $647,000 after purchasing an additional 16,891 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of F&G Annuities & Life by 25.1% during the second quarter. Dimensional Fund Advisors LP now owns 322,714 shares of the company's stock valued at $12,282,000 after purchasing an additional 64,669 shares in the last quarter. 95.86% of the stock is owned by institutional investors.

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.