F&G Annuities & Life (NYSE:FG) Stock Price Up 1.6%

F&G Annuities & Life, Inc. (NYSE:FG)’s share price shot up 1.6% during trading on Friday . The stock traded as high as $37.31 and last traded at $37.14. 50,653 shares traded hands during trading, a decline of 55% from the average session volume of 112,594 shares. The stock had previously closed at $36.54.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FG shares. Stephens lifted their target price on F&G Annuities & Life from $36.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, December 18th. Piper Sandler started coverage on F&G Annuities & Life in a research note on Friday, December 22nd. They issued a “neutral” rating and a $48.00 target price on the stock.

F&G Annuities & Life Price Performance

The firm has a 50 day simple moving average of $40.33 and a 200-day simple moving average of $39.45. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.57. The company has a market cap of $4.64 billion, a PE ratio of -76.48 and a beta of 1.21.

F&G Annuities & Life (NYSE:FG) last posted its earnings results on Wednesday, February 21st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.42). F&G Annuities & Life had a negative net margin of 1.29% and a positive return on equity of 12.33%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.18 billion. As a group, research analysts predict that F&G Annuities & Life, Inc. will post 4.38 earnings per share for the current fiscal year.

F&G Annuities & Life Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Thursday, March 14th. F&G Annuities & Life’s dividend payout ratio is presently -175.00%.

Institutional Investors Weigh In On F&G Annuities & Life

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in F&G Annuities & Life by 41.5% in the third quarter. Vanguard Group Inc. now owns 1,457,972 shares of the company’s stock worth $40,911,000 after acquiring an additional 427,640 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of F&G Annuities & Life by 29.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 184,895 shares of the company’s stock worth $5,188,000 after purchasing an additional 42,340 shares during the period. Jump Financial LLC acquired a new stake in shares of F&G Annuities & Life during the third quarter worth about $505,000. Corton Capital Inc. acquired a new stake in shares of F&G Annuities & Life during the third quarter worth about $202,000. Finally, Trexquant Investment LP lifted its holdings in shares of F&G Annuities & Life by 121.6% during the third quarter. Trexquant Investment LP now owns 31,120 shares of the company’s stock worth $873,000 after purchasing an additional 17,079 shares during the period. Institutional investors and hedge funds own 95.86% of the company’s stock.

About F&G Annuities & Life

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.