F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 66,597 shares traded hands during mid-day trading, a decline of 23% from the previous session's volume of 86,458 shares.The stock last traded at $34.90 and had previously closed at $34.70.
Wall Street Analysts Forecast Growth
Several research firms have commented on FG. Stephens restated an "equal weight" rating and issued a $47.00 price objective on shares of F&G Annuities & Life in a research report on Monday, February 24th. Barclays increased their price target on shares of F&G Annuities & Life from $46.00 to $47.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th.
Check Out Our Latest Analysis on F&G Annuities & Life
F&G Annuities & Life Stock Up 1.2 %
The company has a market cap of $4.45 billion, a price-to-earnings ratio of 7.24 and a beta of 1.72. The business has a fifty day moving average of $42.75 and a two-hundred day moving average of $43.18. 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 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 business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.34 billion. As a group, equities analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 EPS for the current fiscal year.
F&G Annuities & Life Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Monday, March 17th. F&G Annuities & Life's payout ratio is 18.14%.
Insider Activity
In related news, CEO Christopher O. Blunt purchased 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The shares were purchased at an average cost of $35.65 per share, with a total value of $356,500.00. Following the purchase, the chief executive officer now owns 839,584 shares of the company's stock, valued at $29,931,169.60. This represents a 1.21 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.80% of the company's stock.
Institutional Investors Weigh In On F&G Annuities & Life
Several large investors have recently bought and sold shares of the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of F&G Annuities & Life in the fourth quarter valued at about $72,007,000. State Street Corp grew its stake in F&G Annuities & Life by 1.2% during the 3rd 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 holdings in F&G Annuities & Life by 11.3% in the 4th 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 during the last quarter. Geode Capital Management LLC lifted its stake in F&G Annuities & Life by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 405,047 shares of the company's stock worth $18,117,000 after purchasing an additional 3,453 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of F&G Annuities & Life during the 4th quarter worth approximately $14,321,000. 95.86% of the stock is currently owned by hedge funds and other institutional investors.
About F&G Annuities & Life
(
Get Free Report)
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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