Shares of F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $49.00 and last traded at $48.71, with a volume of 10693 shares. The stock had previously closed at $47.10.
Analysts Set New Price Targets
A number of equities analysts recently commented on FG shares. Barclays lifted their price target on shares of F&G Annuities & Life from $44.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Friday, November 8th. Piper Sandler lifted their price target on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd.
View Our Latest Analysis on F&G Annuities & Life
F&G Annuities & Life Stock Performance
The company has a market capitalization of $6.09 billion, a PE ratio of -804.87 and a beta of 1.32. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46. The firm's 50-day simple moving average is $43.49 and its 200-day simple moving average is $41.53.
F&G Annuities & Life (NYSE:FG - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. The company had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.18 billion. F&G Annuities & Life had a net margin of 0.22% and a return on equity of 13.05%. During the same period in the previous year, the company earned $0.96 EPS. On average, research analysts predict that F&G Annuities & Life, Inc. will post 4.32 earnings per share for the current year.
F&G Annuities & Life Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.82%. This is a boost 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 payout ratio is -1,399.77%.
Institutional Investors Weigh In On F&G Annuities & Life
Several hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its position in shares of F&G Annuities & Life by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,088 shares of the company's stock worth $574,000 after purchasing an additional 272 shares during the period. Iron Horse Wealth Management LLC lifted its position in shares of F&G Annuities & Life by 10.7% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 3,235 shares of the company's stock worth $145,000 after purchasing an additional 312 shares during the period. Capital Advisors Wealth Management LLC lifted its position in shares of F&G Annuities & Life by 1.8% in the 2nd quarter. Capital Advisors Wealth Management LLC now owns 19,216 shares of the company's stock worth $731,000 after purchasing an additional 344 shares during the period. Blue Trust Inc. raised its stake in shares of F&G Annuities & Life by 1,386.8% during the 3rd quarter. Blue Trust Inc. now owns 565 shares of the company's stock worth $25,000 after acquiring an additional 527 shares in the last quarter. Finally, Arthur M. Cohen & Associates LLC raised its stake in shares of F&G Annuities & Life by 2.1% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 34,815 shares of the company's stock worth $1,468,000 after acquiring an additional 725 shares in the last quarter. Hedge funds and other institutional investors own 95.86% of the company's stock.
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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