F&G Annuities & Life (NYSE:FG) Shares Up 4% - Still a Buy?

F&G Annuities & Life, Inc. (NYSE:FG - Get Free Report) rose 4% during mid-day trading on Friday . The stock traded as high as $44.46 and last traded at $44.14. Approximately 6,699 shares changed hands during trading, a decline of 93% from the average daily volume of 91,287 shares. The stock had previously closed at $42.46.

Wall Street Analyst Weigh In

FG has been the subject of several research reports. Barclays dropped their price objective on shares of F&G Annuities & Life from $45.00 to $44.00 and set an "equal weight" rating for the company in a research note on Tuesday. Piper Sandler boosted their target price on shares of F&G Annuities & Life from $40.00 to $46.00 and gave the company a "neutral" rating in a report on Wednesday, October 2nd.

F&G Annuities & Life Stock Up 3.8 %

The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 17.95 and a beta of 1.20. The firm's fifty day simple moving average is $41.50 and its two-hundred day simple moving average is $40.44.

F&G Annuities & Life (NYSE:FG - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.98 by $0.12. F&G Annuities & Life had a net margin of 6.25% and a return on equity of 13.94%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.36 billion. Sell-side analysts anticipate that F&G Annuities & Life, Inc. will post 4.32 EPS for the current year.

F&G Annuities & Life Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.84 annualized dividend and a dividend yield of 1.91%. F&G Annuities & Life's dividend payout ratio is currently 34.01%.

Hedge Funds Weigh In On F&G Annuities & Life

Large investors have recently made changes to their positions in the stock. Scarborough Advisors LLC purchased a new stake in F&G Annuities & Life during the 4th quarter worth approximately $70,000. Iron Horse Wealth Management LLC increased its stake in F&G Annuities & Life by 723.4% during the 2nd quarter. Iron Horse Wealth Management LLC now owns 2,923 shares of the company's stock worth $111,000 after buying an additional 2,568 shares during the period. SG Americas Securities LLC purchased a new stake in shares of F&G Annuities & Life in the 3rd quarter valued at approximately $169,000. Price T Rowe Associates Inc. MD increased its position in shares of F&G Annuities & Life by 18.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,371 shares of the company's stock valued at $218,000 after purchasing an additional 819 shares during the last quarter. Finally, Convergence Investment Partners LLC purchased a new stake in shares of F&G Annuities & Life in the 2nd quarter valued at approximately $205,000. 95.86% of the stock is currently owned by institutional investors and hedge funds.

F&G Annuities & Life Company Profile

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.