F&G Annuities & Life (NYSE:FG) Shares Gap Down - Time to Sell?

F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $42.74, but opened at $38.00. F&G Annuities & Life shares last traded at $38.05, with a volume of 50,452 shares.

Analysts Set New Price Targets

FG has been the topic of several recent research reports. Barclays raised their price objective on 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 set a $47.00 price target on shares of F&G Annuities & Life in a research note on Monday, February 24th.

F&G Annuities & Life Trading Up 0.7 %

The company has a debt-to-equity ratio of 0.46, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 7.20 and a beta of 1.72. The business's fifty day moving average price is $42.97 and its 200 day moving average price is $43.26.

F&G Annuities & Life (NYSE:FG - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.13). The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.34 billion. F&G Annuities & Life had a return on equity of 14.14% and a net margin of 11.12%. Research analysts anticipate that F&G Annuities & Life, Inc. will post 5.54 earnings per share for the current fiscal year.

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F&G Annuities & Life Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Monday, March 17th. F&G Annuities & Life's dividend payout ratio is presently 18.14%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameriflex Group Inc. bought a new position in F&G Annuities & Life during the fourth quarter worth $144,000. Mackenzie Financial Corp bought a new position in shares of F&G Annuities & Life in the 4th quarter worth about $210,000. Castlekeep Investment Advisors LLC acquired a new position in shares of F&G Annuities & Life in the 4th quarter valued at about $1,717,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of F&G Annuities & Life by 16.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 50,056 shares of the company's stock valued at $2,074,000 after purchasing an additional 7,076 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in shares of F&G Annuities & Life by 60.6% during the 4th quarter. Point72 Asset Management L.P. now owns 18,713 shares of the company's stock valued at $775,000 after purchasing an additional 7,063 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company's stock.

F&G Annuities & Life Company Profile

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.