F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $31.26 and last traded at $32.89, with a volume of 111725 shares. The stock had previously closed at $34.15.
Analyst Ratings Changes
A number of brokerages have recently commented on FG. Stephens reissued an "equal weight" rating and issued a $47.00 price target on shares of F&G Annuities & Life in a report on Monday, February 24th. Barclays cut their price objective on F&G Annuities & Life from $47.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Friday.
Get Our Latest Stock Analysis on F&G Annuities & Life
F&G Annuities & Life Stock Down 0.9 %
The company has a 50-day moving average of $40.11 and a 200-day moving average of $42.51. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 6.90 and a beta of 1.83. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.46.
F&G Annuities & Life (NYSE:FG - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.13). F&G Annuities & Life had a net margin of 11.12% and a return on equity of 14.14%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.34 billion. On average, equities analysts predict that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.
F&G Annuities & Life Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Monday, March 17th. F&G Annuities & Life's dividend payout ratio (DPR) is presently 18.14%.
Insider Transactions at F&G Annuities & Life
In related news, Director Celina J. Wang Doka acquired 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The shares were purchased at an average price of $35.24 per share, with a total value of $105,720.00. Following the completion of the acquisition, the director now owns 20,875 shares in the company, valued at approximately $735,635. This represents a 16.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael L. Gravelle acquired 7,000 shares of F&G Annuities & Life stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average cost of $36.00 per share, with a total value of $252,000.00. Following the completion of the acquisition, the executive vice president now owns 33,540 shares of the company's stock, valued at $1,207,440. The trade was a 26.38 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 4,530,000 shares of company stock worth $152,273,820. 1.80% of the stock is currently owned by insiders.
Hedge Funds Weigh In On F&G Annuities & Life
Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in F&G Annuities & Life by 63.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 45,952 shares of the company's stock valued at $2,055,000 after acquiring an additional 17,845 shares in the last quarter. Barclays PLC increased its holdings in shares of F&G Annuities & Life by 527.8% during the third quarter. Barclays PLC now owns 42,524 shares of the company's stock valued at $1,902,000 after purchasing an additional 35,750 shares during the period. Principal Financial Group Inc. grew its position in F&G Annuities & Life by 23.1% in the 3rd quarter. Principal Financial Group Inc. now owns 120,336 shares of the company's stock valued at $5,381,000 after buying an additional 22,550 shares in the last quarter. Kelly Financial Group LLC acquired a new position in F&G Annuities & Life during the 4th quarter valued at about $4,144,000. Finally, Rhumbline Advisers raised its position in shares of F&G Annuities & Life by 1.6% during the 4th quarter. Rhumbline Advisers now owns 29,633 shares of the company's stock worth $1,228,000 after buying an additional 469 shares in the last quarter. Institutional investors own 95.86% of the company's stock.
F&G Annuities & Life Company Profile
(
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F&G Annuities & Life, Inc engages in the provision of fixed annuity and life insurance products. It specializes in life insurance, annuities, retirement planning and wealth transfer. The company was founded in 1959 and is headquartered in Des Moines, IA.
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