F&G Annuities & Life (NYSE:FG) Reaches New 52-Week Low – What’s Next?

F&G Annuities & Life, Inc. (NYSE:FG) reached a new 52-week low on Wednesday . The company traded as low as $21.23 and last traded at $21.1490, with a volume of 172945 shares trading hands. The stock had previously closed at $22.00.

Analyst Ratings Changes

Several analysts have weighed in on FG shares. Barclays set a $31.00 price objective on F&G Annuities & Life in a research report on Thursday, January 8th. Wall Street Zen lowered shares of F&G Annuities & Life from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Zacks Research cut shares of F&G Annuities & Life from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of F&G Annuities & Life in a report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $32.00.

F&G Annuities & Life Trading Down 4.3%

The company has a market cap of $2.86 billion, a PE ratio of 11.51 and a beta of 1.59. The company’s 50 day simple moving average is $27.09 and its two-hundred day simple moving average is $30.29. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.26 and a quick ratio of 0.26.

F&G Annuities & Life (NYSE:FG) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.43). F&G Annuities & Life had a return on equity of 10.48% and a net margin of 4.62%.The company had revenue of $739.00 million for the quarter, compared to analysts’ expectations of $1.55 billion. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.7%. F&G Annuities & Life’s dividend payout ratio (DPR) is currently 54.64%.

Insider Buying and Selling

In related news, CEO Christopher O. Blunt bought 5,000 shares of the stock in a transaction on Friday, January 2nd. The shares were purchased at an average price of $29.56 per share, for a total transaction of $147,800.00. Following the acquisition, the chief executive officer owned 1,117,396 shares in the company, valued at $33,030,225.76. This represents a 0.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On F&G Annuities & Life

A number of large investors have recently modified their holdings of the company. Elevated Capital Advisors LLC acquired a new position in shares of F&G Annuities & Life in the 4th quarter valued at about $27,000. Hantz Financial Services Inc. grew its stake in F&G Annuities & Life by 29,066.7% during the fourth quarter. Hantz Financial Services Inc. now owns 875 shares of the company’s stock worth $27,000 after buying an additional 872 shares during the period. Harbor Capital Advisors Inc. boosted its position in F&G Annuities & Life by 474.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 902 shares of the company’s stock valued at $28,000 after buying an additional 745 shares during the last quarter. GAMMA Investing LLC grew its stake in F&G Annuities & Life by 432.6% in the fourth quarter. GAMMA Investing LLC now owns 932 shares of the company’s stock worth $29,000 after purchasing an additional 757 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in F&G Annuities & Life by 36,166.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,088 shares of the company’s stock valued at $34,000 after buying an additional 1,085 shares during the last quarter. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

About F&G Annuities & Life

F&G Annuities & Life is the principal life insurance and annuity subsidiary of F&G Financial Group, Inc (NYSE: FG), a publicly traded financial services holding company headquartered in Des Moines, Iowa. The company focuses on designing and issuing retirement income solutions that address longevity risk, capital preservation, and wealth transfer for individual and institutional clients.

Its product suite includes fixed indexed annuities, which offer the potential for market-linked growth with downside protection; fixed-rate annuities, delivering guaranteed interest over a defined term; and a range of life insurance policies such as term, universal, and variable universal life.