F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Investors of record on Tuesday, December 17th will be given a dividend of 0.22 per share on Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Tuesday, December 17th. This is a boost from F&G Annuities & Life's previous quarterly dividend of $0.21.
F&G Annuities & Life has a payout ratio of 16.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect F&G Annuities & Life to earn $5.31 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 16.6%.
F&G Annuities & Life Trading Up 1.8 %
Shares of FG traded up $0.83 during mid-day trading on Friday, reaching $46.05. 74,198 shares of the company's stock traded hands, compared to its average volume of 56,661. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The stock's 50-day moving average is $42.53 and its two-hundred day moving average is $41.06. F&G Annuities & Life has a 12 month low of $34.90 and a 12 month high of $48.71. The stock has a market cap of $5.81 billion, a P/E ratio of -767.37 and a beta of 1.32.
F&G Annuities & Life (NYSE:FG - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. F&G Annuities & Life had a return on equity of 13.93% and a net margin of 0.22%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company posted $0.96 EPS. Research analysts forecast that F&G Annuities & Life will post 4.32 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on FG shares. Barclays boosted their price objective on shares of F&G Annuities & Life from $44.00 to $46.00 and gave the company an "equal weight" rating in a research report on Friday. Piper Sandler boosted their price target on F&G Annuities & Life from $40.00 to $46.00 and gave the company a "neutral" rating in a report on Wednesday, October 2nd.
Check Out Our Latest Stock Report on FG
About F&G Annuities & Life
(
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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.
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