Shares of F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $34.08 and last traded at $34.44, with a volume of 1258221 shares changing hands. The stock had previously closed at $36.44.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on FG shares. Barclays upped their price objective on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Stephens reissued an "equal weight" rating and issued a $47.00 price target on shares of F&G Annuities & Life in a research note on Monday, February 24th.
Check Out Our Latest Analysis on FG
F&G Annuities & Life Trading Up 1.2 %
The company has a 50 day moving average price of $42.75 and a 200 day moving average price of $43.18. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 7.24 and a beta of 1.72.
F&G Annuities & Life (NYSE:FG - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.13). F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. The company had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.34 billion. On average, research analysts expect that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current year.
F&G Annuities & Life Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.88 annualized dividend and a yield of 2.51%. F&G Annuities & Life's dividend payout ratio (DPR) is presently 18.14%.
Insiders Place Their Bets
In other news, CEO Christopher O. Blunt bought 10,000 shares of the company's stock in a transaction on Tuesday, March 25th. The stock was bought at an average cost of $35.65 per share, with a total value of $356,500.00. Following the transaction, the chief executive officer now directly owns 839,584 shares in the company, valued at $29,931,169.60. The trade was a 1.21 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Castlekeep Investment Advisors LLC acquired a new stake in F&G Annuities & Life during the 4th quarter worth approximately $72,007,000. State Street Corp raised its stake in shares of F&G Annuities & Life by 1.2% in the third quarter. State Street Corp now owns 413,210 shares of the company's stock valued at $18,479,000 after acquiring an additional 4,910 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of F&G Annuities & Life by 11.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 413,202 shares of the company's stock valued at $17,123,000 after acquiring an additional 42,081 shares in the last quarter. Geode Capital Management LLC boosted its holdings in F&G Annuities & Life by 0.9% in the third quarter. Geode Capital Management LLC now owns 405,047 shares of the company's stock valued at $18,117,000 after purchasing an additional 3,453 shares during the period. Finally, Norges Bank acquired a new position in F&G Annuities & Life during the 4th quarter worth $14,321,000. Institutional investors and hedge funds own 95.86% of the company's stock.
About F&G Annuities & Life
(
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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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